Short Interest in Territorial Bancorp Inc. (NASDAQ:TBNK) Increases By 100.0%

Territorial Bancorp Inc. (NASDAQ:TBNK - Get Free Report) was the recipient of a significant increase in short interest in November. As of November 30th, there was short interest totalling 12,400 shares, an increase of 100.0% from the November 15th total of 6,200 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily volume of 30,600 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of TBNK. Wellington Management Group LLP boosted its holdings in Territorial Bancorp by 22.9% during the 3rd quarter. Wellington Management Group LLP now owns 786,248 shares of the financial services provider's stock valued at $8,208,000 after acquiring an additional 146,541 shares during the period. Oddo BHF Asset Management Sas bought a new stake in shares of Territorial Bancorp during the third quarter worth $3,726,000. Skandinaviska Enskilda Banken AB publ bought a new stake in shares of Territorial Bancorp during the second quarter worth $501,000. International Assets Investment Management LLC boosted its stake in shares of Territorial Bancorp by 944.0% during the third quarter. International Assets Investment Management LLC now owns 34,452 shares of the financial services provider's stock valued at $3,300,000 after purchasing an additional 31,152 shares during the period. Finally, Atria Investments Inc grew its holdings in shares of 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 purchasing an additional 1,380 shares during the last quarter. Institutional investors own 50.35% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have commented on TBNK shares. Keefe, Bruyette & Woods increased their price objective on shares of 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 began coverage on shares of Territorial Bancorp in a research report on Friday, December 6th. They set a "hold" rating on the stock.

Territorial Bancorp Trading Down 1.4 %

TBNK traded down $0.15 during trading on Thursday, reaching $10.53. The company had a trading volume of 2,627 shares, compared to its average volume of 24,552. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.71. The business has a 50 day simple moving average of $10.71 and a 200-day simple moving average of $9.58. The stock has a market cap of $93.00 million, a P/E ratio of -41.08 and a beta of 0.61. Territorial Bancorp has a 52 week low of $6.92 and a 52 week high of $11.64.

Territorial Bancorp (NASDAQ:TBNK - Get Free Report) last announced its earnings results on Monday, October 28th. The financial services provider reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.10). Territorial Bancorp had a negative net margin of 3.01% and a negative return on equity of 0.90%. The firm had revenue of $18.93 million during the quarter.

Territorial Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 5.70%. The ex-dividend date was Friday, November 8th. This is a positive change from Territorial Bancorp's previous quarterly dividend of $0.01. Territorial Bancorp's payout ratio is -15.38%.

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.