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

Territorial Bancorp Inc. (NASDAQ:TBNK) was the target of a large drop in short interest in September. As of September 15th, there was short interest totalling 15,400 shares, a drop of 29.4% from the August 31st total of 21,800 shares. Based on an average trading volume of 21,600 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.2% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

TBNK has been the subject of a number of recent research reports. Keefe, Bruyette & Woods boosted their target price on shares of Territorial Bancorp from $9.66 to $11.27 and gave the stock a “market perform” rating in a report on Wednesday, August 14th. StockNews.com assumed coverage on shares of Territorial Bancorp in a research report on Wednesday. They set a “hold” rating for the company.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Skandinaviska Enskilda Banken AB publ acquired a new position in Territorial Bancorp in the 2nd quarter worth about $501,000. Longfellow Investment Management Co. LLC acquired a new stake in Territorial Bancorp in the 2nd quarter valued at $37,000. International Assets Investment Management LLC purchased a new stake in Territorial Bancorp in the 2nd quarter worth $27,000. Finally, Acadian Asset Management LLC raised its position in Territorial Bancorp by 3.7% during the first quarter. Acadian Asset Management LLC now owns 79,342 shares of the financial services provider’s stock worth $638,000 after acquiring an additional 2,801 shares during the period. Institutional investors and hedge funds own 50.35% of the company’s stock.

Territorial Bancorp Price Performance

Shares of NASDAQ:TBNK opened at $10.39 on Friday. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.95. Territorial Bancorp has a twelve month low of $6.85 and a twelve month high of $11.64. The company’s 50 day moving average is $9.60 and its 200 day moving average is $8.54. The company has a market cap of $91.74 million, a PE ratio of 41.56 and a beta of 0.61.

Territorial Bancorp (NASDAQ:TBNK) last issued its earnings results on Friday, July 26th. The financial services provider reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.06). The business had revenue of $8.90 million for the quarter, compared to analysts’ expectations of $8.96 million. Territorial Bancorp had a negative return on equity of 0.02% and a negative net margin of 0.06%.

Territorial Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Friday, August 9th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Friday, August 9th. This represents a $0.04 annualized dividend and a yield of 0.38%. Territorial Bancorp’s dividend payout ratio is presently 16.00%.

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.