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

Territorial Bancorp Inc. (NASDAQ:TBNK) announced a dividend on Wednesday, June 19th, investing.com reports. Investors of record on Friday, June 28th will be paid a dividend of 0.01 per share by the financial services provider on Monday, July 8th. This represents a dividend yield of 0.38%. The ex-dividend date of this dividend is Thursday, June 27th.

Territorial Bancorp has decreased its dividend payment by an average of 7.0% per year over the last three years. Territorial Bancorp has a payout ratio of 25.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Territorial Bancorp to earn $0.15 per share next year, which means the company should continue to be able to cover its $0.04 annual dividend with an expected future payout ratio of 26.7%.

Territorial Bancorp Trading Down 0.8 %

TBNK opened at $7.71 on Thursday. Territorial Bancorp has a 52 week low of $6.85 and a 52 week high of $14.50. The company has a market capitalization of $68.09 million, a P/E ratio of 30.84 and a beta of 0.66. The stock’s fifty day moving average is $7.80 and its two-hundred day moving average is $8.95. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.97.

Territorial Bancorp (NASDAQ:TBNK) last announced its quarterly earnings results on Friday, May 3rd. The financial services provider reported ($0.06) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.08). Territorial Bancorp had a net margin of 3.06% and a return on equity of 0.89%. The firm had revenue of $9.35 million for the quarter, compared to analysts’ expectations of $9.86 million. Analysts forecast that Territorial Bancorp will post -0.15 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on TBNK shares. StockNews.com began coverage on shares of Territorial Bancorp in a research report on Thursday, June 13th. They issued a “hold” rating for the company. Keefe, Bruyette & Woods lowered their target price on Territorial Bancorp from $10.00 to $9.66 and set a “market perform” rating for the company in a report on Tuesday, May 14th. Finally, Piper Sandler raised Territorial Bancorp from an “underweight” rating to a “neutral” rating and increased their target price for the company from $8.00 to $8.50 in a research 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.