Territorial Bancorp Inc. (NASDAQ:TBNK) Short Interest Update

Territorial Bancorp Inc. (NASDAQ:TBNK) was the target of a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 11,800 shares, a growth of 47.5% from the February 13th total of 8,000 shares. Based on an average daily trading volume, of 14,400 shares, the short-interest ratio is presently 0.8 days. Currently, 0.2% of the shares of the stock are short sold.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on shares of Territorial Bancorp in a research report on Wednesday. They issued a “hold” rating for the company.

Territorial Bancorp Stock Up 1.3 %

Shares of NASDAQ TBNK traded up $0.11 during midday trading on Friday, hitting $8.36. The company’s stock had a trading volume of 4,350 shares, compared to its average volume of 12,523. The business’s fifty day simple moving average is $8.75 and its two-hundred day simple moving average is $9.78. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.84 and a quick ratio of 0.84. Territorial Bancorp has a 1 year low of $6.92 and a 1 year high of $11.44. The firm has a market capitalization of $73.84 million, a price-to-earnings ratio of -16.72 and a beta of 0.59.

Territorial Bancorp (NASDAQ:TBNK) last announced its earnings results on Friday, January 31st. The financial services provider reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.18). Territorial Bancorp had a negative return on equity of 1.72% and a negative net margin of 5.74%.

Territorial Bancorp Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.48%. The ex-dividend date was Friday, February 14th. Territorial Bancorp’s dividend payout ratio (DPR) is presently -8.00%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in TBNK. Atria Investments Inc raised its stake in shares of Territorial Bancorp by 12.7% during the 3rd quarter. Atria Investments Inc now owns 12,204 shares of the financial services provider’s stock worth $127,000 after buying an additional 1,380 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of Territorial Bancorp by 22.9% during the 3rd quarter. Wellington Management Group LLP now owns 786,248 shares of the financial services provider’s stock valued at $8,208,000 after acquiring an additional 146,541 shares during the last quarter. Oddo BHF Asset Management Sas acquired a new position in shares of Territorial Bancorp during the 3rd quarter valued at about $3,726,000. CKW Financial Group acquired a new position in shares of Territorial Bancorp during the 4th quarter valued at about $35,000. Finally, Four Tree Island Advisory LLC acquired a new position in shares of Territorial Bancorp during the 4th quarter valued at about $364,000. Institutional investors and hedge funds own 50.35% of the company’s stock.

Territorial Bancorp Company Profile

Territorial Bancorp Inc operates as the holding company for Territorial Savings Bank that engages in the provision of various financial services to individuals, families, and businesses in the State of Hawaii. The company offers a range of deposit accounts, including passbook and statement savings, money market, commercial and regular checking, and Super NOW accounts, as well as certificates of deposit.