Short Interest in Territorial Bancorp Inc. (NASDAQ:TBNK) Drops By 13.0%

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

Institutional Investors Weigh In On Territorial Bancorp

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. CSS LLC IL increased its stake in Territorial Bancorp by 583.5% in the fourth quarter. CSS LLC IL now owns 110,774 shares of the financial services provider's stock valued at $1,078,000 after acquiring an additional 94,566 shares during the last quarter. Northern Trust Corp grew its stake in shares of Territorial Bancorp by 55.8% during the fourth quarter. Northern Trust Corp now owns 34,836 shares of the financial services provider's stock worth $339,000 after buying an additional 12,476 shares during the last quarter. Susquehanna International Group LLP grew its stake in shares of Territorial Bancorp by 66.8% during the fourth 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. Dimensional Fund Advisors LP grew its stake in shares of Territorial Bancorp by 4.8% during the fourth 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. Finally, Alliancebernstein L.P. grew its stake in shares of Territorial Bancorp by 8.3% during the fourth 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. 50.35% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of Territorial Bancorp in a research report on Tuesday, March 4th. They set a "hold" rating for the company.

Territorial Bancorp Stock Performance

TBNK stock traded up $0.06 during mid-day trading on Friday, hitting $8.39. 12,074 shares of the company were exchanged, compared to its average volume of 13,115. The business has a 50 day simple moving average of $8.89 and a 200-day simple moving average of $9.83. 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 stock has a market capitalization of $74.10 million, a PE ratio of -16.78 and a beta of 0.59. Territorial Bancorp has a 1-year low of $6.92 and a 1-year high of $11.44.

Territorial Bancorp (NASDAQ:TBNK - Get Free Report) last released its quarterly earnings results on Friday, January 31st. The financial services provider reported ($0.20) earnings per share for the quarter, missing analysts' consensus estimates 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 firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a $0.01 dividend. 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 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.