Territorial Bancorp (NASDAQ:TBNK) Posts Quarterly Earnings Results, Beats Estimates By $0.10 EPS

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

Shares of TBNK stock opened at $22.71 on Friday. The company has a market cap of $211.66 million, a price-to-earnings ratio of 12.08 and a beta of 0.47. Territorial Bancorp has a 52 week low of $22.52 and a 52 week high of $26.81. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.55. The firm has a 50 day moving average of $24.22 and a 200-day moving average of $24.95.

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

In other news, COO Vernon Hirata sold 3,546 shares of the firm’s stock in a transaction that occurred on Thursday, April 7th. The shares were 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 owns 80,597 shares of the company’s stock, valued at approximately $1,889,999.65. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 8.70% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of TBNK. Citadel Advisors LLC bought a new position in shares of Territorial Bancorp in the 2nd quarter worth $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 worth $609,000 after purchasing an additional 11,099 shares in the last quarter. 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 worth $1,784,000 after purchasing an additional 7,220 shares in the last quarter. Finally, Morgan Stanley lifted its stake in Territorial Bancorp by 10.3% during the 2nd quarter. Morgan Stanley now owns 48,556 shares of the financial services provider’s stock valued at $1,261,000 after acquiring an additional 4,543 shares in the last quarter. Institutional investors own 54.04% of the company’s stock.

TBNK has been the subject of a number of recent analyst reports. StockNews.com initiated coverage on shares of Territorial Bancorp in a research report on Tuesday, April 19th. They set a “hold” rating for the company. TheStreet downgraded shares of Territorial Bancorp from a “b” rating to a “c+” rating in a research 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.

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