Territorial Bancorp Inc. (NASDAQ:TBNK) Short Interest Down 13.0% in February

Territorial Bancorp Inc. (NASDAQ:TBNK) was the recipient of a large decrease in short interest during the month of February. As of February 15th, there was short interest totalling 8,000 shares, a decrease of 13.0% from the January 31st total of 9,200 shares. Based on an average trading volume of 15,000 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.1% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of Territorial Bancorp in a research note on Tuesday. They set a “hold” rating on the stock.

Institutional Trading of Territorial Bancorp

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wellington Management Group LLP boosted its position 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 valued at $8,208,000 after buying an additional 146,541 shares during the period. Oddo BHF Asset Management Sas bought a new stake in shares of Territorial Bancorp during the 3rd quarter worth approximately $3,726,000. Atria Investments Inc boosted its holdings 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 valued at $127,000 after acquiring an additional 1,380 shares during the period. Four Tree Island Advisory LLC bought a new position in Territorial Bancorp in the 4th quarter valued at $364,000. Finally, CKW Financial Group purchased a new stake in Territorial Bancorp in the fourth quarter worth $35,000. 50.35% of the stock is owned by hedge funds and other institutional investors.

Territorial Bancorp Trading Down 1.4 %

Shares of TBNK stock opened at $8.26 on Thursday. The company has a market cap of $72.95 million, a PE ratio of -16.52 and a beta of 0.61. Territorial Bancorp has a 1 year low of $6.92 and a 1 year high of $11.44. The stock’s 50 day simple moving average is $8.95 and its two-hundred day simple moving average is $9.84. 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 (NASDAQ:TBNK) last released its quarterly earnings results on Friday, January 31st. The financial services provider reported ($0.20) earnings per share 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 company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a dividend of $0.01 per share. The ex-dividend date was Friday, February 14th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.48%. Territorial Bancorp’s dividend payout ratio is presently -8.00%.

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.