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

Territorial Bancorp Inc. (NASDAQ:TBNK) saw a large growth in short interest in 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. Approximately 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 14,400 shares, the days-to-cover ratio is currently 0.8 days.

Territorial Bancorp Stock Performance

NASDAQ:TBNK traded up $0.11 during trading hours on Friday, hitting $8.36. 4,350 shares of the company were exchanged, compared to its average volume of 12,523. The company’s 50 day moving average price is $8.75 and its 200-day moving average price is $9.78. The stock has a market capitalization of $73.84 million, a price-to-earnings ratio of -16.72 and a beta of 0.59. 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 52-week low of $6.92 and a 52-week high of $11.44.

Territorial Bancorp (NASDAQ:TBNK) last released its quarterly earnings data on Friday, January 31st. The financial services provider reported ($0.20) EPS for the quarter, missing the consensus estimate 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 firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a $0.01 dividend. 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 currently -8.00%.

Analyst Upgrades and Downgrades

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

Institutional Trading of Territorial Bancorp

Several large investors have recently made changes to their positions in TBNK. CSS LLC IL lifted its stake in shares of Territorial Bancorp by 583.5% in the 4th quarter. CSS LLC IL now owns 110,774 shares of the financial services provider’s stock valued at $1,078,000 after purchasing an additional 94,566 shares during the period. Northern Trust Corp lifted its stake in shares of Territorial Bancorp by 55.8% in the 4th quarter. Northern Trust Corp now owns 34,836 shares of the financial services provider’s stock valued at $339,000 after purchasing an additional 12,476 shares during the period. Susquehanna International Group LLP lifted its stake in shares of Territorial Bancorp by 66.8% in the 4th quarter. Susquehanna International Group LLP now owns 185,250 shares of the financial services provider’s stock valued at $1,802,000 after purchasing an additional 74,207 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Territorial Bancorp by 4.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 432,371 shares of the financial services provider’s stock valued at $4,207,000 after purchasing an additional 19,870 shares during the period. Finally, Alliancebernstein L.P. lifted its stake in shares of Territorial Bancorp by 8.3% in the 4th quarter. Alliancebernstein L.P. now owns 500,523 shares of the financial services provider’s stock valued at $4,870,000 after purchasing an additional 38,500 shares during the period. 50.35% of the stock is owned by hedge funds and other institutional investors.

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.