Territorial Bancorp (NASDAQ:TBNK) released its earnings results on Thursday. The financial services provider reported $0.47 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.04, MarketWatch Earnings reports. The firm had revenue of $16.23 million for the quarter, compared to analysts’ expectations of $14.90 million. Territorial Bancorp had a net margin of 24.58% and a return on equity of 8.18%.
NASDAQ:TBNK opened at $21.97 on Friday. Territorial Bancorp has a twelve month low of $20.25 and a twelve month high of $32.45. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.64. The company has a 50-day moving average of $22.55 and a 200-day moving average of $25.34. The firm has a market cap of $208.60 million, a price-to-earnings ratio of 10.67 and a beta of 0.62.
Several equities analysts have commented on TBNK shares. Compass Point raised their target price on shares of Territorial Bancorp from $29.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, May 1st. BidaskClub lowered shares of Territorial Bancorp from a “hold” rating to a “sell” rating in a research report on Friday, June 12th.
In other Territorial Bancorp news, COO Ralph Y. Nakatsuka sold 3,500 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $25.31, for a total value of $88,585.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Vernon Hirata sold 7,500 shares of the firm’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $25.21, for a total transaction of $189,075.00. The disclosure for this sale can be found here. Company insiders own 10.80% of the company’s stock.
Territorial Bancorp Company Profile
Territorial Bancorp, Inc operates as the bank holding company for Territorial Savings Bank, which provides financial services to individuals, families, and businesses in Hawaii. Its business consists primarily of accepting deposits from the general public and investing those deposits, together with funds generated from operations and borrowings, in one- to four-family residential mortgage loans and investment securities.
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