Somewhat Positive Media Coverage Somewhat Unlikely to Affect Territorial Bancorp (TBNK) Stock Price
News stories about Territorial Bancorp (NASDAQ:TBNK) have trended somewhat positive recently, according to Accern Sentiment. The research group identifies positive and negative media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Territorial Bancorp earned a news sentiment score of 0.02 on Accern’s scale. Accern also gave news articles about the financial services provider an impact score of 47.3615848910194 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Shares of Territorial Bancorp (NASDAQ TBNK) traded up $0.21 during midday trading on Friday, hitting $30.99. 7,982 shares of the company traded hands, compared to its average volume of 14,475. Territorial Bancorp has a one year low of $28.12 and a one year high of $34.00. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.90 and a quick ratio of 0.90. The stock has a market capitalization of $306.20, a PE ratio of 17.12 and a beta of 0.28.
Territorial Bancorp (NASDAQ:TBNK) last announced its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.44. Territorial Bancorp had a net margin of 24.07% and a return on equity of 7.34%. The company had revenue of $15.57 million for the quarter, compared to analysts’ expectations of $15.90 million. equities analysts anticipate that Territorial Bancorp will post 1.8 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 22nd. Investors of record on Wednesday, November 8th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.58%. The ex-dividend date of this dividend is Tuesday, November 7th. Territorial Bancorp’s dividend payout ratio is currently 44.20%.
TBNK has been the topic of a number of analyst reports. BidaskClub upgraded shares of Territorial Bancorp from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 24th. Zacks Investment Research upgraded shares of Territorial Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, September 20th. Raymond James Financial, Inc. reiterated an “underperform” rating on shares of Territorial Bancorp in a research report on Thursday, August 10th. Finally, UBS AG cut shares of Territorial Bancorp to an “underperform” rating in a research report on Thursday, August 10th. Four research analysts have rated the stock with a sell rating and one has assigned a hold rating to the company’s stock. Territorial Bancorp currently has a consensus rating of “Sell”.
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In other Territorial Bancorp news, Director Kirk W. Caldwell sold 2,125 shares of the company’s stock in a transaction dated Tuesday, October 10th. The shares were sold at an average price of $32.54, for a total value of $69,147.50. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, General Counsel Vernon Hirata sold 1,900 shares of the company’s stock in a transaction that occurred on Friday, September 22nd. The stock was 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 90 days, insiders sold 22,928 shares of company stock worth $696,081. Corporate 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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