Territorial Bancorp (NASDAQ:TBNK) Releases Earnings Results, Misses Expectations By $0.10 EPS

Territorial Bancorp (NASDAQ:TBNK) released its quarterly earnings data on Monday. The financial services provider reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.10), Yahoo Finance reports. The firm had revenue of $18.93 million for the quarter. Territorial Bancorp had a negative net margin of 0.06% and a negative return on equity of 0.02%.

Territorial Bancorp Price Performance

NASDAQ:TBNK traded up $0.13 during trading hours on Wednesday, reaching $10.43. The company had a trading volume of 38,394 shares, compared to its average volume of 25,327. The stock has a 50-day moving average of $10.15 and a two-hundred day moving average of $8.96. Territorial Bancorp has a one year low of $6.90 and a one year high of $11.64. The firm has a market capitalization of $92.10 million, a PE ratio of -1,028.97 and a beta of 0.61. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.95.

Territorial Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, November 8th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 5.75%. This is a boost from Territorial Bancorp’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend is Friday, November 8th. Territorial Bancorp’s dividend payout ratio is -399.60%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Keefe, Bruyette & Woods boosted their price objective on Territorial Bancorp from $9.66 to $11.27 and gave the company a “market perform” rating in a research report on Wednesday, August 14th. StockNews.com assumed coverage on Territorial Bancorp in a research report on Sunday. They issued 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.