Territorial Bancorp Inc. (NASDAQ:TBNK) Sees Large Increase in Short Interest

Territorial Bancorp Inc. (NASDAQ:TBNK) was the recipient of a large growth in short interest in November. As of November 30th, there was short interest totalling 12,400 shares, a growth of 100.0% from the November 15th total of 6,200 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 30,600 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Investors Weigh In On Territorial Bancorp

A number of institutional investors have recently made changes to their positions in the company. International Assets Investment Management LLC bought a new position in shares of Territorial Bancorp during the second quarter worth approximately $27,000. Longfellow Investment Management Co. LLC acquired a new position in Territorial Bancorp in the 2nd quarter valued at $37,000. Atria Investments Inc increased its position in 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 period. Skandinaviska Enskilda Banken AB publ acquired a new stake in shares of Territorial Bancorp during the second quarter worth $501,000. Finally, Oddo BHF Asset Management Sas bought a new stake in shares of Territorial Bancorp in the third quarter valued at about $3,726,000. Institutional investors own 50.35% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on Territorial Bancorp in a research report on Saturday. They issued a “hold” rating on the stock.

Territorial Bancorp Stock Performance

Shares of TBNK stock traded down $0.07 on Friday, reaching $10.61. The stock had a trading volume of 11,425 shares, compared to its average volume of 24,526. Territorial Bancorp has a 12 month low of $6.92 and a 12 month high of $11.64. The firm has a market capitalization of $93.69 million, a price-to-earnings ratio of -40.81 and a beta of 0.61. The firm’s 50-day moving average is $10.70 and its two-hundred day moving average is $9.60. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.71.

Territorial Bancorp (NASDAQ:TBNK) last released its quarterly earnings data on Monday, October 28th. The financial services provider reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.10). The company had revenue of $18.93 million for the quarter. Territorial Bancorp had a negative return on equity of 0.90% and a negative net margin of 3.01%.

Territorial Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were paid a $0.15 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.60 dividend on an annualized basis and a yield of 5.66%. This is a positive change from Territorial Bancorp’s previous quarterly dividend of $0.01. Territorial Bancorp’s dividend payout ratio is -15.38%.

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.