Territorial Bancorp Inc (NASDAQ:TBNK) to Issue Quarterly Dividend of $0.23

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Territorial Bancorp Inc (NASDAQ:TBNK) declared a quarterly dividend on Thursday, October 24th, Zacks reports. Stockholders of record on Thursday, November 7th will be given a dividend of 0.23 per share by the financial services provider on Thursday, November 21st. This represents a $0.92 annualized dividend and a dividend yield of 3.08%. The ex-dividend date of this dividend is Wednesday, November 6th. This is a positive change from Territorial Bancorp’s previous quarterly dividend of $0.22.

TBNK stock opened at $29.91 on Monday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.98 and a current ratio of 0.98. The company has a market capitalization of $285.90 million, a price-to-earnings ratio of 14.73 and a beta of 0.57. Territorial Bancorp has a fifty-two week low of $25.12 and a fifty-two week high of $31.44. The stock has a fifty day moving average of $28.60 and a 200-day moving average of $28.43.

Territorial Bancorp (NASDAQ:TBNK) last posted its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.09. The company had revenue of $16.65 million during the quarter, compared to the consensus estimate of $15.70 million. Territorial Bancorp had a return on equity of 9.05% and a net margin of 26.01%. Equities analysts predict that Territorial Bancorp will post 2.29 EPS for the current year.

Several research analysts have commented on the company. BidaskClub upgraded Territorial Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, October 23rd. Zacks Investment Research upgraded Territorial Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, October 23rd. Finally, Raymond James upgraded Territorial Bancorp from an “underperform” rating to a “market perform” rating in a research note on Monday, July 29th.

Territorial Bancorp Company Profile

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.

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Dividend History for Territorial Bancorp (NASDAQ:TBNK)

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