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

Territorial Bancorp Inc. (NASDAQ:TBNK - Get Free Report) experienced a significant increase in short interest during the month of February. By the end of February 28th, the total short interest had reached 11,800 shares, marking a notable rise of 47.5% from the earlier total of 8,000 shares recorded on February 13th. Currently, about 0.2% of the company's shares are held in short positions. With an average daily trading volume of approximately 14,400 shares, the current short-interest ratio stands at 0.8 days.

Institutional Trading of Territorial Bancorp

Several institutional investors have recently adjusted their positions in Territorial Bancorp. In the fourth quarter, CKW Financial Group made a new investment valued at around $35,000. Arrowstreet Capital Limited Partnership also acquired a new stake in Territorial Bancorp, valued at $99,000. Additionally, Atria Investments Inc boosted its stake by 12.7% in the third quarter, now holding 12,204 shares worth $127,000 after acquiring an additional 1,380 shares. Moreover, Northern Trust Corp increased its holdings by 55.8% during the fourth quarter, bringing its total to 34,836 shares currently valued at $339,000 after an acquisition of 12,476 shares. Lastly, Four Tree Island Advisory LLC bought a new position valued at $364,000 in the fourth quarter. Presently, institutional investors and hedge funds own approximately 50.35% of Territorial Bancorp's stock.

Territorial Bancorp Trading Up 1.3 %

In midday trading on Friday, shares of TBNK increased by $0.11, reaching a price of $8.36. The trading volume at that time was 4,350 shares, which is lower than the average volume of 12,523 shares. The company’s financial metrics indicate a quick ratio of 0.84, a current ratio of 0.84, and a debt-to-equity ratio of 0.71. The firm’s stock has a 50-day simple moving average of $8.75 and a 200-day simple moving average of $9.78. Over the past year, the stock hit a low of $6.92 and a high of $11.44, while its current market capitalization stands at $73.84 million; it has a price-to-earnings (PE) ratio of -16.72 and a beta of 0.59.

Territorial Bancorp (NASDAQ:TBNK) released its latest quarterly earnings results on January 31st. The company reported earnings per share of ($0.20), which fell short of the analysts' consensus estimate of ($0.02) by $0.18. The financial entity also recorded a negative return on equity of 1.72% along with a net margin of -5.74%.

Territorial Bancorp Cuts Dividend

Recently, the company announced a quarterly dividend, which was paid on February 28th. Shareholders who were on record as of February 14th received a dividend payment of $0.01 per share. This dividend translates to an annualized figure of $0.04, resulting in a yield of 0.48%. The ex-dividend date for this distribution was February 14th. Currently, Territorial Bancorp has a payout ratio of -8.00%.

Analyst Upgrades and Downgrades

In a separate analysis, StockNews.com began coverage of Territorial Bancorp and assigned a “hold” rating to the stock.

Territorial Bancorp Company Profile

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

Conclusion

This brief update highlights the increase in short interest for Territorial Bancorp and provides an overview of institutional trading, current stock performance, quarterly earnings, dividend updates, and analyst opinions.

Territorial, Bancorp, Stocks