Territorial Bancorp Inc. (TBNK) Posts Earnings Results
Territorial Bancorp Inc. (NASDAQ:TBNK) released its quarterly earnings results on Wednesday. The financial services provider reported $0.44 EPS for the quarter, hitting analysts’ consensus estimates of $0.44, Yahoo Finance reports. Territorial Bancorp had a net margin of 24.20% and a return on equity of 7.41%. The company had revenue of $15.57 million for the quarter, compared to the consensus estimate of $15.90 million.
Territorial Bancorp (TBNK) traded up 0.55% during mid-day trading on Friday, hitting $32.81. 13,924 shares of the company were exchanged. The company has a 50 day moving average of $31.34 and a 200 day moving average of $30.80. The stock has a market cap of $304.05 million, a P/E ratio of 17.93 and a beta of 0.29. Territorial Bancorp has a 12-month low of $27.73 and a 12-month high of $34.00.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 22nd. Investors of record on Wednesday, November 8th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, November 7th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.44%. Territorial Bancorp’s payout ratio is currently 43.96%.
A number of research firms have commented on TBNK. Zacks Investment Research upgraded shares of Territorial Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, October 3rd. BidaskClub upgraded shares of Territorial Bancorp from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 24th. Raymond James Financial, Inc. restated an “underperform” rating on shares of Territorial Bancorp in a research report on Thursday, August 10th. Finally, UBS AG downgraded shares of Territorial Bancorp to an “underperform” rating in a research report on Thursday, August 10th. Three investment analysts have rated the stock with a sell rating and two have issued a hold rating to the company. The company currently has an average rating of “Sell”.
In other Territorial Bancorp news, Director Kirk W. Caldwell sold 2,125 shares of the stock in a transaction dated Tuesday, October 10th. The shares were sold at an average price of $32.54, for a total transaction of $69,147.50. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, General Counsel Vernon Hirata sold 1,900 shares of the company’s stock in a transaction dated Friday, September 22nd. The shares were sold at an average price of $30.52, for a total transaction of $57,988.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 13,928 shares of company stock worth $424,551. Insiders own 9.80% of the company’s stock.
Territorial Bancorp Company Profile
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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