Territorial Bancorp Inc. (TBNK) To Go Ex-Dividend on November 8th

Territorial Bancorp Inc. (NASDAQ:TBNK) announced a quarterly dividend on Friday, October 25th, Zacks reports. Stockholders of record on Friday, November 8th will be paid 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 5.83%. The ex-dividend date of this dividend is Friday, November 8th. This is a boost 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 Performance

Shares of NASDAQ TBNK opened at $10.30 on Wednesday. The firm has a 50 day moving average price of $10.22 and a 200 day moving average price of $9.07. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.86 and a current ratio of 0.86. Territorial Bancorp has a 52-week low of $6.90 and a 52-week high of $11.64.

Territorial Bancorp (NASDAQ:TBNK) last posted its earnings results on Monday, October 28th. The financial services provider reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. StockNews.com initiated coverage on Territorial Bancorp in a research report on Monday. They issued a “hold” rating on the stock. Keefe, Bruyette & Woods raised their target price on shares of Territorial Bancorp from $9.66 to $11.27 and gave the company a “market perform” rating in a research report 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.