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

Territorial Bancorp Inc. (NASDAQ:TBNK) was the recipient of a significant decline in short interest during the month of January. As of January 15th, there was short interest totalling 10,300 shares, a decline of 17.6% from the December 31st total of 12,500 shares. Based on an average trading volume of 22,400 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.1% of the company’s stock are sold short.

Territorial Bancorp Price Performance

NASDAQ:TBNK traded up $0.02 during midday trading on Friday, reaching $9.03. The stock had a trading volume of 31,438 shares, compared to its average volume of 18,541. Territorial Bancorp has a 1-year low of $6.92 and a 1-year high of $11.44. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.84 and a current ratio of 0.84. The firm’s fifty day simple moving average is $9.82 and its 200-day simple moving average is $9.97.

Territorial Bancorp (NASDAQ:TBNK) 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 the consensus estimate of ($0.02) by ($0.18). Territorial Bancorp had a negative net margin of 3.01% and a negative return on equity of 0.90%.

Analyst Ratings Changes

Separately, StockNews.com began coverage on shares of Territorial Bancorp in a research note on Friday. They set a “hold” rating on the stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Oddo BHF Asset Management Sas bought a new position in Territorial Bancorp during the third quarter worth $3,726,000. Wellington Management Group LLP grew its position in Territorial Bancorp by 22.9% in the 3rd quarter. Wellington Management Group LLP now owns 786,248 shares of the financial services provider’s stock worth $8,208,000 after purchasing an additional 146,541 shares during the last quarter. Four Tree Island Advisory LLC bought a new position in shares of Territorial Bancorp during the 4th quarter worth about $364,000. International Assets Investment Management LLC raised its position 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 buying an additional 31,152 shares during the last quarter. Finally, CKW Financial Group acquired a new position in shares of Territorial Bancorp during the fourth quarter valued at about $35,000. 50.35% of the stock is currently owned by institutional investors and hedge funds.

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.