Territorial Bancorp Inc. (NASDAQ:TBNK) Sees Significant Decrease in Short Interest

Territorial Bancorp Inc. (NASDAQ:TBNK) was the recipient of a large decline in short interest in the month of February. As of February 15th, there was short interest totalling 8,000 shares, a decline of 13.0% from the January 31st total of 9,200 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average trading volume of 15,000 shares, the short-interest ratio is currently 0.5 days.

Institutional Investors Weigh In On Territorial Bancorp

Institutional investors and hedge funds have recently bought and sold shares of the business. CKW Financial Group acquired a new stake in Territorial Bancorp during the fourth quarter worth about $35,000. Arrowstreet Capital Limited Partnership acquired a new stake in Territorial Bancorp during the fourth quarter worth about $99,000. Atria Investments Inc raised its stake in Territorial Bancorp by 12.7% during the third quarter. Atria Investments Inc now owns 12,204 shares of the financial services provider’s stock worth $127,000 after acquiring an additional 1,380 shares during the period. Northern Trust Corp raised its stake in Territorial Bancorp by 55.8% during the fourth quarter. Northern Trust Corp now owns 34,836 shares of the financial services provider’s stock worth $339,000 after acquiring an additional 12,476 shares during the period. Finally, Four Tree Island Advisory LLC acquired a new stake in Territorial Bancorp during the fourth quarter worth about $364,000. Institutional investors and hedge funds own 50.35% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com started coverage on shares of Territorial Bancorp in a research note on Tuesday. They issued a “hold” rating for the company.

Territorial Bancorp Stock Performance

NASDAQ:TBNK opened at $8.33 on Friday. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.84 and a quick ratio of 0.84. The firm has a 50-day moving average of $8.92 and a two-hundred day moving average of $9.83. The stock has a market cap of $73.57 million, a P/E ratio of -16.66 and a beta of 0.61. Territorial Bancorp has a 1-year low of $6.92 and a 1-year high of $11.44.

Territorial Bancorp (NASDAQ:TBNK) last issued 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 net margin of 5.74% and a negative return on equity of 1.72%.

Territorial Bancorp Cuts Dividend

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

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.