Territorial Bancorp Inc (NASDAQ:TBNK) Short Interest Update

Territorial Bancorp Inc (NASDAQ:TBNK) saw a large growth in short interest in the month of July. As of July 15th, there was short interest totalling 69,200 shares, a growth of 9.7% from the June 30th total of 63,100 shares. Approximately 0.9% of the company’s stock are short sold. Based on an average daily volume of 24,000 shares, the short-interest ratio is currently 2.9 days.

In related news, COO Ralph Y. Nakatsuka sold 3,500 shares of the stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $25.31, for a total value of $88,585.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, COO Vernon Hirata sold 7,500 shares of the stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $25.21, for a total value of $189,075.00. The disclosure for this sale can be found here. 10.80% of the stock is owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in the business. BlackRock Inc. boosted its position in Territorial Bancorp by 1.3% during the first quarter. BlackRock Inc. now owns 483,599 shares of the financial services provider’s stock worth $11,871,000 after purchasing an additional 6,005 shares during the period. Alliancebernstein L.P. boosted its position in Territorial Bancorp by 42.4% during the fourth quarter. Alliancebernstein L.P. now owns 199,549 shares of the financial services provider’s stock worth $6,174,000 after purchasing an additional 59,400 shares during the period. Dalton Greiner Hartman Maher & Co. boosted its position in Territorial Bancorp by 2.0% during the second quarter. Dalton Greiner Hartman Maher & Co. now owns 137,189 shares of the financial services provider’s stock worth $3,264,000 after purchasing an additional 2,628 shares during the period. Geode Capital Management LLC boosted its position in Territorial Bancorp by 5.4% during the first quarter. Geode Capital Management LLC now owns 90,371 shares of the financial services provider’s stock worth $2,218,000 after purchasing an additional 4,642 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in Territorial Bancorp by 8.7% during the fourth quarter. Bank of New York Mellon Corp now owns 66,995 shares of the financial services provider’s stock worth $2,073,000 after purchasing an additional 5,388 shares during the period. 49.44% of the stock is owned by hedge funds and other institutional investors.

Shares of Territorial Bancorp stock opened at $21.97 on Friday. The stock has a market capitalization of $208.50 million, a P/E ratio of 10.31 and a beta of 0.62. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.64. The stock has a 50 day moving average price of $22.55 and a two-hundred day moving average price of $25.34. Territorial Bancorp has a 12-month low of $20.25 and a 12-month high of $32.45.

Territorial Bancorp (NASDAQ:TBNK) last announced its earnings results on Thursday, July 30th. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.04. The firm had revenue of $16.23 million during the quarter, compared to analysts’ expectations of $14.90 million. Territorial Bancorp had a return on equity of 8.18% and a net margin of 24.58%.

A number of equities analysts recently commented on the company. BidaskClub downgraded Territorial Bancorp from a “hold” rating to a “sell” rating in a report on Friday, June 12th. Compass Point increased their price objective on Territorial Bancorp from $29.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, May 1st.

About Territorial Bancorp

Territorial Bancorp, Inc operates as the bank holding company for Territorial Savings Bank, which provides financial services to individuals, families, and businesses in Hawaii. Its business consists primarily of accepting deposits from the general public and investing those deposits, together with funds generated from operations and borrowings, in one- to four-family residential mortgage loans and investment securities.

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