Territorial Bancorp Inc. (NASDAQ:TBNK) Announces Quarterly Dividend of $0.01

Territorial Bancorp Inc. (NASDAQ:TBNK - Get Free Report) announced a quarterly dividend on Friday, January 31st,Wall Street Journal reports. Investors of record on Friday, February 14th will be given a dividend of 0.01 per share by the financial services provider on Friday, February 28th. This represents a $0.04 annualized dividend and a yield of 0.44%. The ex-dividend date is Friday, February 14th.

Territorial Bancorp has decreased its dividend by an average of 55.7% per year over the last three years. Territorial Bancorp has a dividend payout ratio of 9.5% meaning its dividend is sufficiently covered by earnings.

Territorial Bancorp Trading Down 0.1 %

Shares of Territorial Bancorp stock traded down $0.01 during trading on Thursday, hitting $9.06. The company's stock had a trading volume of 4,610 shares, compared to its average volume of 17,688. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.84 and a quick ratio of 0.84. Territorial Bancorp has a 52 week low of $6.92 and a 52 week high of $11.44. The stock has a 50-day moving average price of $9.69 and a two-hundred day moving average price of $9.96. The stock has a market cap of $80.00 million, a price-to-earnings ratio of -18.12 and a beta of 0.61.

Territorial Bancorp (NASDAQ:TBNK - Get Free Report) last released its earnings results on Friday, January 31st. The financial services provider reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.18). Territorial Bancorp had a negative net margin of 5.74% and a negative return on equity of 1.72%.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on Territorial Bancorp in a research report on Friday, January 31st. They set a "hold" rating on the stock.

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.