Territorial Bancorp Inc. (NASDAQ:TBNK) Short Interest Up 126.0% in October

Territorial Bancorp Inc. (NASDAQ:TBNK) saw a significant increase in short interest in the month of 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 shares of the stock are sold short. Based on an average daily volume of 27,500 shares, the short-interest ratio is presently 1.2 days.

Territorial Bancorp Trading Down 0.9 %

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

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. International Assets Investment Management LLC purchased a new position in shares of Territorial Bancorp during the 2nd quarter worth approximately $27,000. Longfellow Investment Management Co. LLC acquired a new stake in shares of Territorial Bancorp in the second quarter valued at $37,000. Skandinaviska Enskilda Banken AB publ purchased a new stake in shares of Territorial Bancorp in the 2nd quarter valued at $501,000. Finally, Acadian Asset Management LLC boosted its holdings in Territorial Bancorp by 3.7% during the 1st quarter. Acadian Asset Management LLC now owns 79,342 shares of the financial services provider’s stock valued at $638,000 after acquiring an additional 2,801 shares during the period. Institutional investors and hedge funds own 50.35% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on TBNK shares. Keefe, Bruyette & Woods boosted their target price on shares of Territorial Bancorp from $9.66 to $11.27 and gave the stock a “market perform” rating in a research note on Wednesday, August 14th. StockNews.com began coverage on Territorial Bancorp in a report on Saturday, October 19th. They set a “hold” rating for the company.

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.