Territorial Bancorp (NASDAQ:TBNK - Get Free Report) issued its earnings results on Monday. The financial services provider reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.10), Yahoo Finance reports. The firm had revenue of $18.93 million during the quarter. Territorial Bancorp had a negative return on equity of 0.02% and a negative net margin of 0.06%.
Territorial Bancorp Stock Up 1.6 %
Shares of Territorial Bancorp stock traded up $0.16 on Tuesday, hitting $10.30. 22,089 shares of the company's stock traded hands, compared to its average volume of 25,265. The stock has a market cap of $90.95 million, a P/E ratio of -1,015.98 and a beta of 0.61. 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's 50-day moving average is $10.13 and its 200 day moving average is $8.94. Territorial Bancorp has a 52-week low of $6.85 and a 52-week high of $11.64.
Territorial Bancorp Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, November 8th will be issued a dividend of $0.15 per share. The ex-dividend date is Friday, November 8th. This is an increase from Territorial Bancorp's previous quarterly dividend of $0.01. This represents a $0.60 annualized dividend and a yield of 5.83%. Territorial Bancorp's payout ratio is currently -399.60%.
Wall Street Analysts Forecast Growth
Several research analysts recently weighed in on TBNK shares. StockNews.com started coverage on Territorial Bancorp in a research report on Sunday. They issued a "hold" rating on the stock. Keefe, Bruyette & Woods increased their target price on Territorial Bancorp from $9.66 to $11.27 and gave the stock a "market perform" rating in a research report on Wednesday, August 14th.
Get Our Latest Stock Report 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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