Territorial Bancorp Inc. (NASDAQ:TBNK) Raises Dividend to $0.15 Per Share

Territorial Bancorp Inc. (NASDAQ:TBNK) 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 dividend yield of 5.92%. The ex-dividend date is Friday, November 8th. This is a positive change from Territorial Bancorp’s previous quarterly dividend of $0.01.

Territorial Bancorp has decreased its dividend payment 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 Trading Down 2.9 %

NASDAQ:TBNK opened at $10.14 on Tuesday. Territorial Bancorp has a 12 month low of $6.85 and a 12 month high of $11.64. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.95. The stock has a market capitalization of $89.54 million, a price-to-earnings ratio of -1,012.99 and a beta of 0.61. The firm has a fifty day simple moving average of $10.13 and a two-hundred day simple moving average of $8.94.

Territorial Bancorp (NASDAQ:TBNK) last announced its quarterly earnings results on Monday, October 28th. The financial services provider reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.10). 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%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. StockNews.com initiated coverage on Territorial Bancorp in a report on Sunday. They issued a “hold” rating on the stock. Keefe, Bruyette & Woods raised their price objective on Territorial Bancorp from $9.66 to $11.27 and gave the company a “market perform” rating in a research note on Wednesday, August 14th.

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.