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

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

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on Territorial Bancorp in a research note on Wednesday, March 12th. They issued a “hold” rating for the company.

Territorial Bancorp Stock Performance

Shares of Territorial Bancorp stock opened at $8.36 on Monday. 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 capitalization of $73.84 million, a P/E ratio of -16.72 and a beta of 0.59. The business has a fifty day simple moving average of $8.75 and a two-hundred day simple moving average of $9.78. Territorial Bancorp has a 12 month low of $6.92 and a 12 month high of $11.44.

Territorial Bancorp (NASDAQ:TBNK) last posted its quarterly 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 firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date was Friday, February 14th. Territorial Bancorp’s dividend payout ratio (DPR) is -8.00%.

Hedge Funds Weigh In On Territorial Bancorp

A number of hedge funds have recently bought and sold shares of the business. Wellington Management Group LLP raised its position in Territorial Bancorp by 11.2% in the 4th quarter. Wellington Management Group LLP now owns 874,388 shares of the financial services provider’s stock worth $8,508,000 after buying an additional 88,140 shares during the last quarter. Alliancebernstein L.P. raised its position in Territorial Bancorp by 8.3% in the 4th quarter. Alliancebernstein L.P. now owns 500,523 shares of the financial services provider’s stock worth $4,870,000 after buying an additional 38,500 shares during the last quarter. Dimensional Fund Advisors LP raised its position in 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 worth $4,207,000 after buying an additional 19,870 shares during the last quarter. Oddo BHF Asset Management Sas purchased a new position in Territorial Bancorp in the 3rd quarter worth about $3,726,000. Finally, Susquehanna International Group LLP raised its position in 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 worth $1,802,000 after buying an additional 74,207 shares during the last quarter. 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.