Short Interest in Territorial Bancorp Inc. (NASDAQ:TBNK) Decreases By 24.2%

Territorial Bancorp Inc. (NASDAQ:TBNK) saw a significant decline in short interest in the month of October. As of October 31st, there was short interest totalling 25,000 shares, a decline of 24.2% from the October 15th total of 33,000 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average daily volume of 29,600 shares, the days-to-cover ratio is currently 0.8 days.

Institutional Trading of Territorial Bancorp

Institutional investors have recently modified their holdings of the stock. International Assets Investment Management LLC acquired a new position in Territorial Bancorp in the second quarter valued at $27,000. Longfellow Investment Management Co. LLC purchased a new position in Territorial Bancorp during the 2nd quarter worth approximately $37,000. Atria Investments Inc increased its position 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 buying an additional 1,380 shares during the period. Skandinaviska Enskilda Banken AB publ acquired a new position in Territorial Bancorp during the second quarter worth approximately $501,000. Finally, Acadian Asset Management LLC lifted its stake in Territorial Bancorp by 3.7% in the first quarter. Acadian Asset Management LLC now owns 79,342 shares of the financial services provider’s stock valued at $638,000 after buying an additional 2,801 shares during the last quarter. Hedge funds and other institutional investors own 50.35% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. StockNews.com assumed coverage on shares of Territorial Bancorp in a research report on Tuesday. They issued a “hold” rating on the stock. Keefe, Bruyette & Woods increased 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.

Territorial Bancorp Stock Down 0.3 %

NASDAQ:TBNK traded down $0.03 during mid-day trading on Friday, hitting $10.80. The stock had a trading volume of 6,850 shares, compared to its average volume of 25,525. 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 $6.92 and a twelve month high of $11.64. The company has a market capitalization of $95.36 million, a PE ratio of -41.54 and a beta of 0.61. The stock has a 50-day simple moving average of $10.43 and a two-hundred day simple moving average of $9.25.

Territorial Bancorp (NASDAQ:TBNK) last posted its earnings results 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 business had revenue of $18.93 million during the quarter. Territorial Bancorp had a negative net margin of 3.01% and a negative return on equity of 0.90%.

Territorial Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 5.56%. This is an increase from Territorial Bancorp’s previous quarterly dividend of $0.01. The ex-dividend date is Friday, November 8th. Territorial Bancorp’s dividend 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.