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

Territorial Bancorp Inc. (NASDAQ:TBNK) declared a quarterly dividend on Monday, February 3rd,Wall Street Journal reports. Investors of record on Friday, February 14th will be given a dividend of 0.01 per share by the financial services provider on Friday, February 28th. This represents a $0.04 annualized dividend and a yield of 0.46%. The ex-dividend date is Friday, February 14th.

Territorial Bancorp has decreased its dividend payment by an average of 55.7% per year over the last three years. Territorial Bancorp has a dividend payout ratio of 9.5% indicating that its dividend is sufficiently covered by earnings.

Territorial Bancorp Price Performance

TBNK stock opened at $8.75 on Tuesday. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.71. The stock’s 50 day simple moving average is $9.82 and its 200 day simple moving average is $9.98. Territorial Bancorp has a 12-month low of $6.92 and a 12-month high of $11.44.

Territorial Bancorp (NASDAQ:TBNK) last announced its earnings results on Friday, January 31st. The financial services provider reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.18). Territorial Bancorp had a negative net margin of 5.74% and a negative return on equity of 1.72%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of Territorial Bancorp in a research note on Friday. They set a “hold” rating for the company.

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.