Territorial Bancorp (NASDAQ:TBNK) Issues Quarterly Earnings Results

Territorial Bancorp (NASDAQ:TBNK – Get Rating) announced its earnings results on Thursday. The financial services provider reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.10, MarketWatch Earnings reports. Territorial Bancorp had a net margin of 26.10% and a return on equity of 6.90%.

Shares of NASDAQ:TBNK opened at $22.71 on Friday. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.82 and a quick ratio of 0.82. The firm has a market capitalization of $211.66 million, a PE ratio of 12.08 and a beta of 0.47. The firm’s 50-day moving average is $24.22 and its two-hundred day moving average is $24.95. Territorial Bancorp has a 1 year low of $22.52 and a 1 year high of $26.81.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 26th. Shareholders of record on Thursday, May 12th will be paid a dividend of $0.23 per share. The ex-dividend date is Wednesday, May 11th. This represents a $0.92 dividend on an annualized basis and a yield of 4.05%. Territorial Bancorp’s dividend payout ratio (DPR) is presently 48.94%.

In other Territorial Bancorp news, COO Vernon Hirata sold 3,546 shares of the stock in a transaction that occurred on Thursday, April 7th. The stock was sold at an average price of $23.45, for a total transaction of $83,153.70. Following the completion of the sale, the chief operating officer now directly owns 80,597 shares of the company’s stock, valued at approximately $1,889,999.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 8.70% of the stock is owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of TBNK. Citadel Advisors LLC acquired a new stake in shares of Territorial Bancorp in the 2nd quarter valued at approximately $460,000. Susquehanna International Group LLP lifted its holdings in shares of Territorial Bancorp by 85.3% in the 4th quarter. Susquehanna International Group LLP now owns 24,108 shares of the financial services provider’s stock valued at $609,000 after buying an additional 11,099 shares during the period. Morgan Stanley lifted its holdings in shares of Territorial Bancorp by 10.3% in the 2nd quarter. Morgan Stanley now owns 48,556 shares of the financial services provider’s stock valued at $1,261,000 after buying an additional 4,543 shares during the period. Finally, BlackRock Inc. lifted its holdings in shares of Territorial Bancorp by 11.4% in the 4th quarter. BlackRock Inc. now owns 70,654 shares of the financial services provider’s stock valued at $1,784,000 after buying an additional 7,220 shares during the period. 54.04% of the stock is owned by institutional investors.

Several research analysts have recently weighed in on TBNK shares. StockNews.com started coverage on shares of Territorial Bancorp in a research report on Tuesday, April 19th. They set a “hold” rating on the stock. TheStreet lowered shares of Territorial Bancorp from a “b” rating to a “c+” rating in a report on Monday, March 14th.

About Territorial Bancorp (Get Rating)

Territorial Bancorp Inc operates as the holding company for Territorial Savings Bank that provides 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 accounts, certificates of deposit, money market accounts, commercial and regular checking accounts, and Super NOW accounts.

Featured Articles