Short Interest in Territorial Bancorp Inc. (NASDAQ:TBNK) Expands By 47.5%

Territorial Bancorp Inc. (NASDAQ:TBNK - Get Free Report) saw a large increase in short interest in February. As of February 28th, there was short interest totalling 11,800 shares, an increase of 47.5% from the February 13th total of 8,000 shares. Based on an average daily volume of 14,400 shares, the short-interest ratio is currently 0.8 days. Approximately 0.2% of the company's shares are short sold.

Territorial Bancorp Trading Up 0.5 %

Shares of TBNK stock traded up $0.04 during mid-day trading on Wednesday, hitting $8.43. 1,902 shares of the company's stock were exchanged, compared to its average volume of 23,798. The stock has a market cap of $74.45 million, a price-to-earnings ratio of -16.86 and a beta of 0.59. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.71. Territorial Bancorp has a fifty-two week low of $6.92 and a fifty-two week high of $11.44. The stock has a 50-day simple moving average of $8.72 and a two-hundred day simple moving average of $9.76.

Territorial Bancorp (NASDAQ:TBNK - Get Free Report) last issued its quarterly earnings results on Friday, January 31st. The financial services provider reported ($0.20) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.18). Territorial Bancorp had a negative return on equity of 1.72% and a negative net margin of 5.74%.

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Territorial Bancorp Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.47%. The ex-dividend date of this dividend was Friday, February 14th. Territorial Bancorp's dividend payout ratio (DPR) is -8.00%.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of Territorial Bancorp in a report on Wednesday, March 12th. They set a "hold" rating for the company.

Hedge Funds Weigh In On Territorial Bancorp

A number of large investors have recently bought and sold shares of TBNK. Wellington Management Group LLP increased its holdings in shares of 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 worth $8,208,000 after buying an additional 146,541 shares during the last quarter. Oddo BHF Asset Management Sas purchased a new stake in Territorial Bancorp during the third quarter valued at about $3,726,000. Atria Investments Inc increased its stake in Territorial Bancorp by 12.7% during 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 last quarter. Four Tree Island Advisory LLC purchased a new position in shares of Territorial Bancorp in the 4th quarter worth about $364,000. Finally, CKW Financial Group acquired a new position in shares of Territorial Bancorp in the 4th quarter valued at about $35,000. Hedge funds and other institutional investors own 50.35% of the company's stock.

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.