Short Interest in Territorial Bancorp Inc. (NASDAQ:TBNK) Increases By 126.0%

Territorial Bancorp Inc. (NASDAQ:TBNK) was the target of a significant increase in short interest in October. As of October 15th, there was short interest totalling 33,000 shares, an increase of 126.0% from the September 30th total of 14,600 shares. Currently, 0.5% of the company’s stock are short sold. Based on an average daily volume of 27,500 shares, the days-to-cover ratio is presently 1.2 days.

Institutional Trading of Territorial Bancorp

Hedge funds and other institutional investors have recently made changes to their positions in the business. Acadian Asset Management LLC boosted its holdings in Territorial Bancorp by 3.7% in the first quarter. Acadian Asset Management LLC now owns 79,342 shares of the financial services provider’s stock worth $638,000 after acquiring an additional 2,801 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in Territorial Bancorp during the second quarter worth about $27,000. Longfellow Investment Management Co. LLC purchased a new position in Territorial Bancorp during the second quarter valued at approximately $37,000. Finally, Skandinaviska Enskilda Banken AB publ acquired a new position in Territorial Bancorp in the second quarter valued at approximately $501,000. Hedge funds and other institutional investors own 50.35% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on TBNK shares. StockNews.com started coverage on Territorial Bancorp in a report on Saturday, October 19th. They issued a “hold” rating for the company. Keefe, Bruyette & Woods lifted their price objective on shares of Territorial Bancorp from $9.66 to $11.27 and gave the company a “market perform” rating in a research report on Wednesday, August 14th.

Territorial Bancorp Trading Down 0.9 %

Shares of TBNK stock traded down $0.10 during trading hours on Friday, reaching $10.44. 30,736 shares of the stock were exchanged, compared to its average volume of 25,209. The firm has a market capitalization of $92.19 million, a price-to-earnings ratio of -1,042.96 and a beta of 0.61. The company’s 50-day moving average price is $10.12 and its 200-day moving average price is $8.90. Territorial Bancorp has a 12-month low of $6.85 and a 12-month high of $11.64. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.95.

Territorial Bancorp (NASDAQ:TBNK) last issued its quarterly earnings data on Friday, July 26th. The financial services provider reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.06). Territorial Bancorp had a negative net margin of 0.06% and a negative return on equity of 0.02%. The business had revenue of $8.90 million for the quarter, compared to analysts’ expectations of $8.96 million.

Territorial Bancorp Company Profile

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