Somewhat Favorable News Coverage Somewhat Unlikely to Affect Territorial Bancorp (TBNK) Stock Price
News coverage about Territorial Bancorp (NASDAQ:TBNK) has trended somewhat positive on Tuesday, according to Accern Sentiment. Accern identifies negative and positive press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Territorial Bancorp earned a news impact score of 0.14 on Accern’s scale. Accern also assigned news stories about the financial services provider an impact score of 45.8159902344121 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Several equities analysts recently issued reports on the stock. Zacks Investment Research raised shares of Territorial Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, July 4th. BidaskClub downgraded shares of Territorial Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, July 13th. ValuEngine downgraded shares of Territorial Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, June 27th. Raymond James Financial, Inc. reissued an “underperform” rating on shares of Territorial Bancorp in a research note on Thursday, August 10th. Finally, UBS AG downgraded shares of Territorial Bancorp to an “underperform” rating in a research note on Thursday, August 10th. Three investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. The stock presently has an average rating of “Sell” and an average target price of $36.00.
Shares of Territorial Bancorp (NASDAQ TBNK) traded down 0.23% during trading on Tuesday, hitting $29.89. 16,142 shares of the company traded hands. The firm has a 50 day moving average price of $29.78 and a 200-day moving average price of $30.78. Territorial Bancorp has a one year low of $27.73 and a one year high of $34.00. The stock has a market cap of $276.99 million, a price-to-earnings ratio of 16.33 and a beta of 0.28.
The company also recently announced a quarterly dividend, which was paid on Thursday, August 24th. Shareholders of record on Thursday, August 10th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.68%. The ex-dividend date was Tuesday, August 8th. Territorial Bancorp’s payout ratio is 43.96%.
In other Territorial Bancorp news, Chairman Allan S. Kitagawa sold 4,813 shares of the firm’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $30.00, for a total value of $144,390.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 9.80% of the company’s stock.
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About Territorial Bancorp
Territorial Bancorp Inc is the holding company for Territorial Savings Bank (the Bank). The Bank provides financial services to individuals, families and businesses through its banking offices located throughout the State of Hawaii. Its business consists primarily of accepting deposits from the general public and investing those deposits together with funds generated from operations and borrowings in one- to four-family residential mortgage loans and investment securities.
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