Territorial Bancorp Inc. (NASDAQ:TBNK) Sees Large Decrease in Short Interest

Territorial Bancorp Inc. (NASDAQ:TBNK) was the recipient of a large drop in short interest in the month of September. As of September 15th, there was short interest totalling 15,400 shares, a drop of 29.4% from the August 31st total of 21,800 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily volume of 21,600 shares, the short-interest ratio is presently 0.7 days.

Territorial Bancorp Price Performance

Shares of NASDAQ:TBNK opened at $10.39 on Friday. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.86 and a quick ratio of 0.86. Territorial Bancorp has a 1-year low of $6.85 and a 1-year high of $11.64. The company has a market capitalization of $91.74 million, a P/E ratio of 41.56 and a beta of 0.61. The firm’s 50 day simple moving average is $9.60 and its two-hundred day simple moving average is $8.54.

Territorial Bancorp (NASDAQ:TBNK) last released its earnings results on Friday, July 26th. The financial services provider reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.06). Territorial Bancorp had a negative return on equity of 0.02% and a negative net margin of 0.06%. The company had revenue of $8.90 million during the quarter, compared to analysts’ expectations of $8.96 million.

Territorial Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Friday, August 9th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.38%. The ex-dividend date of this dividend was Friday, August 9th. Territorial Bancorp’s dividend payout ratio (DPR) is presently 16.00%.

Analysts Set New Price Targets

TBNK has been the subject of several research analyst reports. StockNews.com started coverage on shares of Territorial Bancorp in a research report on Wednesday. They issued a “hold” rating for the company. Keefe, Bruyette & Woods raised 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 note on Wednesday, August 14th.

Hedge Funds Weigh In On Territorial Bancorp

Several hedge funds have recently modified their holdings of TBNK. International Assets Investment Management LLC bought a new stake in Territorial Bancorp in the second quarter worth $27,000. Longfellow Investment Management Co. LLC bought a new position in Territorial Bancorp during the second quarter valued at $37,000. Skandinaviska Enskilda Banken AB publ bought a new position in Territorial Bancorp during the second quarter valued at $501,000. Finally, Acadian Asset Management LLC increased its position in Territorial Bancorp by 3.7% during the first 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 last quarter. Hedge funds and other institutional investors own 50.35% of the company’s stock.

Territorial Bancorp Company Profile

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.