Territorial Bancorp Inc. (NASDAQ:TBNK) Short Interest Update

Territorial Bancorp Inc. (NASDAQ:TBNK - Get Free Report) experienced a significant rise in short interest during February. As of February 28th, the short interest was recorded at 11,800 shares, which represents a 47.5% increase from the 8,000 shares counted on February 13th. Currently, only 0.2% of the company's total shares are sold short. Given the average daily trading volume of 14,400 shares, the short-interest ratio stands at 0.8 days.

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Institutional Activity in Territorial Bancorp

Several hedge funds have recently changed their positions in TBNK. For example, CKW Financial Group bought a new stake valued at approximately $35,000 in the fourth quarter. Meanwhile, Arrowstreet Capital Limited Partnership also acquired a new stake in Territorial Bancorp worth $99,000 during the same quarter. In the 3rd quarter, Atria Investments Inc increased its holdings in the company by 12.7%, now owning 12,204 shares valued at $127,000 after buying an additional 1,380 shares. Northern Trust Corp expanded its ownership by 55.8% in the fourth quarter, now holding 34,836 shares worth $339,000 after adding 12,476 shares. Finally, Four Tree Island Advisory LLC purchased a new position in Territorial Bancorp valued at $364,000. Overall, institutional investors and hedge funds currently own 50.35% of the stock.

Territorial Bancorp Experiences 1.3% Trading Increase

On a recent trading day, shares of TBNK saw an increase of $0.11, bringing the price to $8.36. The company’s trading volume at midday reached 4,350 shares, which is lower than its average volume of 12,523. The financial metrics for the firm include a quick ratio of 0.84, a current ratio of 0.84, and a debt-to-equity ratio of 0.71. Its 50-day and 200-day simple moving averages are $8.75 and $9.78 respectively. Territorial Bancorp has experienced a 1-year low of $6.92 and a high of $11.44, with a market cap of $73.84 million, a PE ratio of -16.72, and a beta of 0.59.

Territorial Bancorp (NASDAQ:TBNK - Get Free Report) last released its quarterly earnings on January 31st. The company reported an earnings per share (EPS) of ($0.20), which fell short of analysts' predictions of ($0.02) by ($0.18). The firm had a negative return on equity of 1.72% and a negative net margin of 5.74%.

Recent Dividend Announcement from Territorial Bancorp

The company also declared a quarterly dividend, which was distributed on February 28th. Shareholders recorded on February 14th received a dividend payment of $0.01 per share. This translates to an annualized dividend of $0.04, yielding 0.48%. The ex-dividend date was February 14th, and currently, Territorial Bancorp's payout ratio is at -8.00%.

Analyst Ratings Update

In related news, StockNews.com has initiated coverage on Territorial Bancorp, assigning a "hold" rating to the stock.

Read Our Latest Research Report on TBNK

Company Overview of Territorial Bancorp

Territorial Bancorp Inc serves as the holding company for Territorial Savings Bank, which offers various financial services to individuals, families, and businesses in Hawaii. The company provides a selection of deposit accounts, such as passbook and statement savings accounts, money market accounts, commercial and regular checking accounts, and Super NOW accounts, in addition to certificates of deposit.

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Guidance for Potential Investors

Before investing in Territorial Bancorp, it's important to consider comprehensive research. Experts from MarketBeat have identified stocks that may present more promising investment opportunities compared to TBNK, which is currently rated as a Hold by analysts.

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Territorial, Bancorp, ShortInterest