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

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

Institutional Trading of Territorial Bancorp

Recently, several hedge funds have adjusted their holdings in Territorial Bancorp. CKW Financial Group purchased a new stake worth around $35,000 in the fourth quarter. Additionally, Arrowstreet Capital Limited Partnership also acquired a new stake in the same quarter, valued at $99,000. In the third quarter, Atria Investments Inc raised its holdings by 12.7%, owning 12,204 shares valued at $127,000 after acquiring an extra 1,380 shares. Northern Trust Corp increased its stake by 55.8% in the fourth quarter, owning 34,836 shares worth $339,000 after purchasing an additional 12,476 shares. Finally, Four Tree Island Advisory LLC bought a new position valued at $364,000 during the same period. Institutional investors and hedge funds currently hold 50.35% of the stock.

Territorial Bancorp Trading Activity

During midday trading on a recent Friday, shares of TBNK increased by 1.3%, rising by $0.11 to reach $8.36. The trading volume for the day was 4,350 shares, comparing to the average volume of 12,523. 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 $9.78. Over the past year, Territorial Bancorp has recorded a low of $6.92 and a high of $11.44, and its market cap is approximately $73.84 million. The stock has a PE ratio of -16.72 and a beta of 0.59.

Territorial Bancorp Dividend Announcement

The company also declared a quarterly dividend which was distributed on February 28th. Shareholders on record by February 14th received a dividend of $0.01 per share, leading to an annualized dividend of $0.04 and a yield of 0.48%. The ex-dividend date for this dividend was February 14th, and the company's payout ratio is currently -8.00%.

Analyst Ratings Update

In addition, StockNews.com has recently begun coverage on shares of Territorial Bancorp. They assigned a "hold" rating to the stock.

Territorial Bancorp Company Profile

Territorial Bancorp Inc operates as the holding company for Territorial Savings Bank, a financial institution that provides various services to individuals, families, and businesses primarily in Hawaii. The company offers a variety of deposit accounts, including passbook savings, money market accounts, commercial checking, regular checking, Super NOW accounts, and certificates of deposit.

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