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

Territorial Bancorp Inc. (NASDAQ:TBNK - Get Free Report) was the recipient of a significant decrease in short interest in the month of October. As of October 31st, there was short interest totalling 25,000 shares, a decrease of 24.2% from the October 15th total of 33,000 shares. Currently, 0.4% of the company's stock are sold short. Based on an average daily volume of 29,600 shares, the short-interest ratio is presently 0.8 days.

Territorial Bancorp Stock Down 0.3 %

Shares of TBNK traded down $0.03 on Friday, reaching $10.80. The company's stock had a trading volume of 6,850 shares, compared to its average volume of 25,525. Territorial Bancorp has a twelve month low of $6.92 and a twelve month high of $11.64. The stock has a market capitalization of $95.36 million, a PE ratio of -40.84 and a beta of 0.61. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.95. The firm has a fifty day moving average of $10.40 and a 200-day moving average of $9.23.

Territorial Bancorp (NASDAQ:TBNK - Get Free Report) last issued its quarterly earnings data on Monday, October 28th. The financial services provider reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.10). The company had revenue of $18.93 million during 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 firm also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.56%. The ex-dividend date of this dividend is Friday, November 8th. This is an increase from Territorial Bancorp's previous quarterly dividend of $0.01. Territorial Bancorp's payout ratio is presently -15.38%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on TBNK shares. Keefe, Bruyette & Woods boosted their target price on Territorial Bancorp from $9.66 to $11.27 and gave the company a "market perform" rating in a research report on Wednesday, August 14th. StockNews.com initiated coverage on Territorial Bancorp in a research report on Tuesday. They set a "hold" rating on the stock.

Hedge Funds Weigh In On Territorial Bancorp

Several institutional investors have recently modified their holdings of the business. International Assets Investment Management LLC bought a new position in Territorial Bancorp in the 2nd quarter valued at $27,000. Longfellow Investment Management Co. LLC purchased a new stake in Territorial Bancorp during the second quarter worth about $37,000. Atria Investments Inc raised its position in Territorial Bancorp by 12.7% in the third quarter. Atria Investments Inc now owns 12,204 shares of the financial services provider's stock worth $127,000 after acquiring an additional 1,380 shares during the period. Skandinaviska Enskilda Banken AB publ purchased a new position in Territorial Bancorp in the second quarter valued at about $501,000. Finally, Acadian Asset Management LLC grew its position in shares of Territorial Bancorp by 3.7% during the 1st quarter. Acadian Asset Management LLC now owns 79,342 shares of the financial services provider's stock valued at $638,000 after acquiring an additional 2,801 shares during the period. 50.35% of the stock is owned by institutional investors.

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.