Territorial Bancorp Inc. (NASDAQ:TBNK) Declares Dividend Increase – $0.15 Per Share

Territorial Bancorp Inc. (NASDAQ:TBNK) announced a quarterly dividend on Friday, October 25th, Zacks reports. Stockholders 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 of this dividend is Friday, November 8th. This is an increase from Territorial Bancorp’s previous quarterly dividend of $0.01.

Territorial Bancorp has decreased its dividend by an average of 7.0% per year over the last three years. Territorial Bancorp has a payout ratio of 23.5% indicating that its dividend is sufficiently covered by earnings.

Territorial Bancorp Stock Up 9.8 %

Territorial Bancorp stock opened at $11.31 on Thursday. Territorial Bancorp has a 1-year low of $6.90 and a 1-year high of $11.64. The business has a fifty day moving average price of $10.25 and a 200-day moving average price of $9.09. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.86 and a quick ratio of 0.86. The stock has a market capitalization of $99.87 million, a price-to-earnings ratio of -43.50 and a beta of 0.61.

Territorial Bancorp (NASDAQ:TBNK) last released its 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 net margin of 3.01% and a negative return on equity of 0.90%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on TBNK shares. Keefe, Bruyette & Woods lifted their target price on shares of Territorial Bancorp from $9.66 to $11.27 and gave the company a “market perform” rating in a report on Wednesday, August 14th. StockNews.com initiated coverage on shares of Territorial Bancorp in a research report on Monday. 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.