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

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

Institutional Trading of Territorial Bancorp

In recent months, several hedge funds have adjusted their positions in TBNK. For instance, CKW Financial Group acquired a new stake in Territorial Bancorp worth approximately $35,000 during the fourth quarter. Arrowstreet Capital Limited Partnership also gained a new stake valued at $99,000 in the same quarter. Additionally, Atria Investments Inc. increased its holdings by 12.7% in the third quarter, now owning 12,204 shares valued at $127,000 after buying 1,380 shares in the last quarter. Northern Trust Corp also raised its stake by 55.8% during the fourth quarter, bringing its total to 34,836 shares worth $339,000 after acquiring an extra 12,476 shares. Finally, Four Tree Island Advisory LLC purchased a new position in Territorial Bancorp valued at $364,000. Currently, institutional investors and hedge funds hold 50.35% of the stock.

Territorial Bancorp Trading Performance

On Friday, shares of TBNK rose by 1.3%, gaining $0.11 to reach $8.36. The trading volume was 4,350 shares, compared to an average of 12,523 shares. The company has a quick ratio of 0.84, a current ratio of 0.84, and a debt-to-equity ratio of 0.71. Its 50-day simple moving average is $8.75, while the 200-day simple moving average is hovering at $9.78. Over the last year, Territorial Bancorp has seen a low of $6.92 and a high of $11.44, with a market capitalization of $73.84 million, a PE ratio of -16.72, and a beta of 0.59.

Territorial Bancorp last reported its quarterly earnings results on January 31st. The financial services provider posted earnings per share of ($0.20), falling short of analysts' expectations of ($0.02) by a difference of ($0.18). The company currently has a negative return on equity of 1.72% and a negative net margin of 5.74%.

Dividend Update

The firm announced a quarterly dividend recently, which was distributed on February 28th. Shareholders of record as of February 14th received a dividend of $0.01 per share. This translates to an annualized dividend of $0.04 and a yield of 0.48%. The ex-dividend date for this payment was also February 14th. Notably, Territorial Bancorp's payout ratio stands at -8.00%.

Analyst Ratings

In addition, StockNews.com initiated coverage on shares of Territorial Bancorp in a report on Wednesday, assigning the stock a "hold" rating.

About Territorial Bancorp

Territorial Bancorp Inc. serves as the holding company for Territorial Savings Bank, which provides a variety of financial services to individuals, families, and businesses within the State of Hawaii. The company offers different deposit accounts, including passbook and statement savings, money market accounts, commercial and regular checking, as well as Super NOW accounts and certificates of deposit.

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