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

Territorial Bancorp Inc. (NASDAQ:TBNK) saw a significant drop in short interest in January. As of January 15th, there was short interest totalling 10,300 shares, a drop of 17.6% from the December 31st total of 12,500 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average trading volume of 22,400 shares, the short-interest ratio is currently 0.5 days.

Territorial Bancorp Trading Down 3.1 %

Shares of NASDAQ TBNK traded down $0.28 during trading hours on Monday, reaching $8.75. The stock had a trading volume of 2,790 shares, compared to its average volume of 19,472. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.71. The firm has a market cap of $77.26 million, a price-to-earnings ratio of -17.50 and a beta of 0.61. The business’s fifty day moving average price is $9.82 and its two-hundred day moving average price is $9.98. Territorial Bancorp has a 52-week low of $6.92 and a 52-week high of $11.44.

Territorial Bancorp (NASDAQ:TBNK) last issued its quarterly earnings data on Friday, January 31st. The financial services provider reported ($0.20) 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 firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.46%. The ex-dividend date of this dividend is Friday, February 14th. Territorial Bancorp’s dividend payout ratio is currently -8.00%.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on Territorial Bancorp in a research report on Friday. They set a “hold” rating for the company.

Institutional Investors Weigh In On Territorial Bancorp

A number of large investors have recently modified their holdings of TBNK. Oddo BHF Asset Management Sas purchased a new position in shares of Territorial Bancorp in the third quarter worth $3,726,000. Wellington Management Group LLP raised its holdings in shares of Territorial Bancorp by 22.9% during the third quarter. Wellington Management Group LLP now owns 786,248 shares of the financial services provider’s stock worth $8,208,000 after purchasing an additional 146,541 shares during the last quarter. Four Tree Island Advisory LLC purchased a new position in shares of Territorial Bancorp during the fourth quarter worth $364,000. International Assets Investment Management LLC raised its holdings in shares of Territorial Bancorp by 944.0% during the third quarter. International Assets Investment Management LLC now owns 34,452 shares of the financial services provider’s stock worth $3,300,000 after purchasing an additional 31,152 shares during the last quarter. Finally, CKW Financial Group purchased a new position in shares of Territorial Bancorp during the fourth quarter worth $35,000. Hedge funds and other institutional investors own 50.35% of the company’s stock.

About Territorial Bancorp

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.