Territorial Bancorp Inc. (NASDAQ:TBNK – Get Rating) was the target of a large growth in short interest during the month of April. As of April 15th, there was short interest totalling 49,600 shares, a growth of 38.9% from the March 31st total of 35,700 shares. Based on an average daily volume of 14,300 shares, the short-interest ratio is presently 3.5 days. Approximately 0.6% of the shares of the company are short sold.
In related news, COO Vernon Hirata sold 3,546 shares of the business’s stock in a transaction dated Thursday, April 7th. The stock was sold at an average price of $23.45, for a total transaction of $83,153.70. Following the completion of the transaction, the chief operating officer now owns 80,597 shares of the company’s stock, valued at approximately $1,889,999.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 8.70% of the stock is currently owned by insiders.
Several hedge funds have recently added to or reduced their stakes in TBNK. Wellington Management Group LLP bought a new stake in shares of Territorial Bancorp in the 3rd quarter valued at approximately $2,663,000. Alliancebernstein L.P. grew its stake in shares of Territorial Bancorp by 24.9% in the 3rd quarter. Alliancebernstein L.P. now owns 317,644 shares of the financial services provider’s stock valued at $8,062,000 after purchasing an additional 63,263 shares during the period. Petiole USA ltd bought a new stake in shares of Territorial Bancorp in the 4th quarter valued at approximately $1,041,000. Russell Investments Group Ltd. grew its stake in shares of Territorial Bancorp by 12.6% in the 3rd quarter. Russell Investments Group Ltd. now owns 231,982 shares of the financial services provider’s stock valued at $5,885,000 after purchasing an additional 26,042 shares during the period. Finally, Assenagon Asset Management S.A. grew its stake in shares of Territorial Bancorp by 188.8% in the 1st quarter. Assenagon Asset Management S.A. now owns 37,807 shares of the financial services provider’s stock valued at $907,000 after purchasing an additional 24,718 shares during the period. Institutional investors own 54.04% of the company’s stock.
TBNK traded down $0.52 on Friday, hitting $22.71. 17,879 shares of the stock traded hands, compared to its average volume of 11,738. Territorial Bancorp has a 52 week low of $22.52 and a 52 week high of $26.81. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.55. The firm has a market capitalization of $211.66 million, a PE ratio of 12.08 and a beta of 0.47. The business has a fifty day moving average price of $24.22 and a two-hundred day moving average price of $24.95.
Territorial Bancorp (NASDAQ:TBNK – Get Rating) last released its quarterly earnings data on Thursday, April 28th. The financial services provider reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.10. Territorial Bancorp had a return on equity of 6.77% and a net margin of 25.93%. On average, equities research analysts forecast that Territorial Bancorp will post 1.7 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 26th. Stockholders of record on Thursday, May 12th will be paid a $0.23 dividend. The ex-dividend date is Wednesday, May 11th. This represents a $0.92 annualized dividend and a dividend yield of 4.05%. Territorial Bancorp’s dividend payout ratio is currently 48.94%.
Territorial Bancorp Company Profile (Get Rating)
Territorial Bancorp Inc operates as the holding company for Territorial Savings Bank that provides 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 accounts, certificates of deposit, money market accounts, commercial and regular checking accounts, and Super NOW accounts.
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