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

Territorial Bancorp Inc. (NASDAQ:TBNK) announced a quarterly dividend on Friday, October 25th, 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 annualized dividend and a dividend yield of 5.31%. 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 payout ratio of 23.5% meaning its dividend is sufficiently covered by earnings.

Territorial Bancorp Price Performance

TBNK opened at $11.31 on Thursday. The firm has a market cap of $99.87 million, a price-to-earnings ratio of -43.50 and a beta of 0.61. 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’s 50-day moving average price is $10.25 and its 200 day moving average price is $9.09. Territorial Bancorp has a 12-month low of $6.90 and a 12-month high of $11.64.

Territorial Bancorp (NASDAQ:TBNK) last issued 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 business had revenue of $18.93 million for the quarter. Territorial Bancorp had a negative return on equity of 0.90% and a negative net margin of 3.01%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on TBNK shares. StockNews.com started coverage on Territorial Bancorp in a research report on Monday. They issued a “hold” rating on the stock. Keefe, Bruyette & Woods boosted their target price 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.

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.