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 trading volume of 14,400 shares, the short-interest ratio is currently 0.8 days. Approximately 0.2% of the shares of the stock are short sold.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of Territorial Bancorp in a research report on Wednesday, March 12th. They set a “hold” rating on the stock.

Institutional Inflows and Outflows

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

Territorial Bancorp Stock Up 1.3 %

Shares of NASDAQ TBNK opened at $8.36 on Monday. Territorial Bancorp has a one year low of $6.92 and a one year high of $11.44. 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’s 50 day simple moving average is $8.75 and its two-hundred day simple moving average is $9.78. The stock has a market capitalization of $73.84 million, a P/E ratio of -16.72 and a beta of 0.59.

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 the consensus estimate 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 announced 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 of this dividend was Friday, February 14th. Territorial Bancorp’s dividend payout ratio is -8.00%.

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.