Territorial Bancorp Inc. (NASDAQ:TBNK) Sees Significant Increase in Short Interest

Territorial Bancorp Inc. (NASDAQ:TBNK - Get Free Report) saw a significant growth in short interest during the month of October. As of October 15th, there was short interest totalling 33,000 shares, a growth of 126.0% from the September 30th total of 14,600 shares. Approximately 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.

Institutional Investors Weigh In On Territorial Bancorp

A number of hedge funds and other institutional investors have recently modified their holdings of the company. International Assets Investment Management LLC purchased a new stake in shares of Territorial Bancorp in the second quarter valued at $27,000. Longfellow Investment Management Co. LLC acquired a new stake in Territorial Bancorp in the 2nd quarter worth about $37,000. Skandinaviska Enskilda Banken AB publ purchased a new stake in Territorial Bancorp in the 2nd quarter valued at about $501,000. Finally, Acadian Asset Management LLC increased its stake in shares of 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 last quarter. 50.35% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TBNK has been the topic of several recent research reports. Keefe, Bruyette & Woods boosted their price objective on shares of Territorial Bancorp from $9.66 to $11.27 and gave the stock a "market perform" rating in a research report on Wednesday, August 14th. StockNews.com assumed coverage on shares of Territorial Bancorp in a research report on Saturday, October 19th. They set a "hold" rating for the company.

Territorial Bancorp Price Performance

Shares of NASDAQ TBNK traded down $0.10 during trading on Friday, reaching $10.44. The company had a trading volume of 30,736 shares, 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. Territorial Bancorp has a twelve month low of $6.85 and a twelve month high of $11.64. The stock has a 50-day moving average price of $10.12 and a two-hundred day moving average price of $8.91. The stock has a market capitalization of $92.19 million, a PE ratio of -1,042.96 and a beta of 0.61.

Territorial Bancorp (NASDAQ:TBNK - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $8.90 million for the quarter, compared to analysts' expectations of $8.96 million. Territorial Bancorp had a negative return on equity of 0.02% and a negative net margin of 0.06%.

About Territorial Bancorp

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.