Territorial Bancorp Inc. (NASDAQ:TBNK) Plans Quarterly Dividend of $0.15

Territorial Bancorp Inc. (NASDAQ:TBNK) announced a quarterly dividend on Monday, October 28th, Zacks reports. Investors of record on Friday, November 8th will be paid a dividend of 0.15 per share by the financial services provider on Friday, November 22nd. This represents a $0.60 annualized dividend and a dividend yield of 5.92%. The ex-dividend date is Friday, November 8th. This is a boost from Territorial Bancorp’s previous quarterly dividend of $0.01.

Territorial Bancorp has decreased its dividend payment by an average of 7.0% annually 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 Down 2.9 %

Territorial Bancorp stock opened at $10.14 on Tuesday. The company’s 50-day moving average price is $10.13 and its two-hundred day moving average price is $8.94. 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 stock has a market cap of $89.54 million, a P/E ratio of -1,012.99 and a beta of 0.61. Territorial Bancorp has a twelve month low of $6.85 and a twelve month high of $11.64.

Territorial Bancorp (NASDAQ:TBNK) last announced its earnings results on Monday, October 28th. The financial services provider reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.10). Territorial Bancorp had a negative return on equity of 0.02% and a negative net margin of 0.06%.

Wall Street Analysts Forecast Growth

TBNK has been the subject of a number of research reports. StockNews.com started coverage on Territorial Bancorp in a report on Sunday. They set a “hold” rating for the company. Keefe, Bruyette & Woods lifted 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 note on Wednesday, August 14th.

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.