Territorial Bancorp Inc (NASDAQ:TBNK) Plans $0.10 None Dividend

Territorial Bancorp Inc (NASDAQ:TBNK) declared a None dividend on Monday, June 24th, NASDAQ reports. Investors of record on Monday, July 8th will be paid a dividend of 0.10 per share by the financial services provider on Monday, July 22nd. The ex-dividend date of this dividend is Friday, July 5th.

Territorial Bancorp has increased its dividend by an average of 8.4% annually over the last three years and has raised its dividend annually for the last 6 consecutive years. Territorial Bancorp has a payout ratio of 42.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Territorial Bancorp to earn $2.10 per share next year, which means the company should continue to be able to cover its $0.88 annual dividend with an expected future payout ratio of 41.9%.

NASDAQ TBNK opened at $29.80 on Thursday. Territorial Bancorp has a fifty-two week low of $24.96 and a fifty-two week high of $31.94. The firm has a market capitalization of $289.16 million, a PE ratio of 14.68 and a beta of 0.58. The business has a fifty day moving average of $28.03. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.95 and a current ratio of 0.95.

Territorial Bancorp (NASDAQ:TBNK) last announced its quarterly earnings data on Thursday, April 25th. The financial services provider reported $0.70 EPS for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.20. The business had revenue of $18.28 million during the quarter, compared to the consensus estimate of $15.70 million. Territorial Bancorp had a return on equity of 8.86% and a net margin of 26.26%. As a group, analysts forecast that Territorial Bancorp will post 2.18 EPS for the current fiscal year.

A number of research firms have issued reports on TBNK. Zacks Investment Research raised Territorial Bancorp from a “hold” rating to a “buy” rating and set a $32.00 price target for the company in a research report on Saturday, April 13th. BidaskClub raised Territorial Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, April 19th. Finally, ValuEngine downgraded Territorial Bancorp from a “hold” rating to a “sell” rating in a research report on Friday, March 15th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. Territorial Bancorp has a consensus rating of “Hold” and an average target price of $32.00.

In other news, Vice Chairman Ralph Y. Nakatsuka sold 5,025 shares of the stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $28.63, for a total value of $143,865.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kirk W. Caldwell sold 2,700 shares of the stock in a transaction on Monday, July 1st. The shares were sold at an average price of $30.50, for a total value of $82,350.00. Following the completion of the sale, the director now owns 36,927 shares of the company’s stock, valued at approximately $1,126,273.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 23,504 shares of company stock valued at $683,489. 10.80% of the stock is currently owned by corporate insiders.

About Territorial Bancorp

Territorial Bancorp, Inc operates as the bank holding company for Territorial Savings Bank, which provides financial services to individuals, families, and businesses in 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.

Further Reading: Investing in Growth Stocks

Dividend History for Territorial Bancorp (NASDAQ:TBNK)

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