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

Territorial Bancorp Inc. (NASDAQ:TBNK) announced a quarterly dividend on Monday, October 28th, 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 is Friday, November 8th. This is a boost from Territorial Bancorp’s previous quarterly dividend of $0.01.

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 23.5% indicating that its dividend is sufficiently covered by earnings.

Territorial Bancorp Stock Up 1.6 %

Shares of Territorial Bancorp stock opened at $10.30 on Wednesday. Territorial Bancorp has a 12-month low of $6.85 and a 12-month high of $11.64. The stock’s fifty day moving average is $10.15 and its 200-day moving average is $8.96. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.95. The firm has a market capitalization of $90.95 million, a PE ratio of -1,028.97 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 for the quarter, missing the consensus estimate of ($0.05) by ($0.10). Territorial Bancorp had a negative net margin of 0.06% and a negative return on equity of 0.02%. The business had revenue of $18.93 million for the quarter.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Keefe, Bruyette & Woods upped their price objective on shares of Territorial Bancorp from $9.66 to $11.27 and gave the stock a “market perform” rating in a report on Wednesday, August 14th. StockNews.com initiated coverage on Territorial Bancorp in a research note on Sunday. They set a “hold” rating for the company.

About Territorial Bancorp

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.