Territorial Bancorp Inc. (NASDAQ:TBNK) Plans $0.01 Quarterly Dividend

Territorial Bancorp Inc. (NASDAQ:TBNK) declared a quarterly dividend on Friday, July 26th, Zacks reports. Shareholders of record on Friday, August 9th will be paid a dividend of 0.01 per share by the financial services provider on Friday, August 23rd. This represents a $0.04 annualized dividend and a yield of 0.45%. The ex-dividend date is Friday, August 9th.

Territorial Bancorp has decreased its dividend payment by an average of 7.0% annually over the last three years. Territorial Bancorp has a payout ratio of 25.0% meaning its dividend is sufficiently covered by earnings.

Territorial Bancorp Trading Down 1.0 %

Shares of TBNK traded down $0.09 during mid-day trading on Wednesday, reaching $8.89. 2,681 shares of the company were exchanged, compared to its average volume of 24,657. The business has a 50 day simple moving average of $8.45 and a two-hundred day simple moving average of $8.52. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.86 and a current ratio of 0.86. The stock has a market capitalization of $78.52 million, a PE ratio of 35.56 and a beta of 0.61. Territorial Bancorp has a 52 week low of $6.85 and a 52 week high of $11.64.

Wall Street Analysts Forecast Growth

TBNK has been the subject of a number of analyst reports. Keefe, Bruyette & Woods lowered their target price on shares of Territorial Bancorp from $10.00 to $9.66 and set a “market perform” rating for the company in a research note on Tuesday, May 14th. StockNews.com began coverage on Territorial Bancorp in a report on Wednesday, July 31st. They issued a “hold” rating for the company. Finally, Piper Sandler upgraded Territorial Bancorp from an “underweight” rating to a “neutral” rating and increased their price target for the stock from $8.00 to $8.50 in a report on Tuesday, May 7th.

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.