Territorial Bancorp Inc. (NASDAQ:TBNK - Get Free Report) declared a quarterly dividend on Monday, October 28th, Zacks reports. Investors of record on Friday, November 8th will be given a dividend of 0.15 per share by the financial services provider on Friday, November 22nd. This represents a $0.60 dividend on an annualized basis and a yield of 5.83%. The ex-dividend date is Friday, November 8th. This is an increase from Territorial Bancorp's previous quarterly dividend of $0.01.
Territorial Bancorp has decreased its dividend by an average of 7.0% per year over the last three years. Territorial Bancorp has a dividend payout ratio of 23.5% indicating that its dividend is sufficiently covered by earnings.
Territorial Bancorp Stock Performance
NASDAQ TBNK traded up $0.16 during trading hours on Tuesday, hitting $10.30. The company had a trading volume of 22,089 shares, compared to its average volume of 25,265. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.95. The firm has a market cap of $90.95 million, a P/E ratio of -1,015.98 and a beta of 0.61. Territorial Bancorp has a fifty-two week low of $6.85 and a fifty-two week high of $11.64. The business has a fifty day simple moving average of $10.13 and a 200-day simple moving average of $8.94.
Territorial Bancorp (NASDAQ:TBNK - Get Free Report) last released its quarterly earnings results on Monday, October 28th. The financial services provider reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.10). The firm had revenue of $18.93 million for the quarter. Territorial Bancorp had a negative return on equity of 0.02% and a negative net margin of 0.06%.
Analyst Ratings Changes
A number of research analysts have recently commented on TBNK shares. Keefe, Bruyette & Woods raised their price target on Territorial Bancorp from $9.66 to $11.27 and gave the company a "market perform" rating in a report on Wednesday, August 14th. StockNews.com initiated coverage on shares of Territorial Bancorp in a report on Sunday. They issued a "hold" rating for the company.
Check Out Our Latest Analysis on TBNK
About Territorial Bancorp
(
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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.
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