Territorial Bancorp Inc. (TBNK) to Issue Quarterly Dividend of $0.01 on February 28th

Territorial Bancorp Inc. (NASDAQ:TBNK) announced a quarterly dividend on Friday, January 31st,Wall Street Journal reports. Shareholders of record on Friday, February 14th will be given a dividend of 0.01 per share by the financial services provider on Friday, February 28th. This represents a $0.04 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date of this dividend is Friday, February 14th.

Territorial Bancorp has decreased its dividend by an average of 55.7% per year over the last three years. Territorial Bancorp has a dividend payout ratio of 9.5% indicating that its dividend is sufficiently covered by earnings.

Territorial Bancorp Stock Up 1.2 %

TBNK stock opened at $8.71 on Wednesday. The firm has a fifty day moving average price of $9.57 and a 200 day moving average price of $9.94. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.84 and a quick ratio of 0.84. Territorial Bancorp has a fifty-two week low of $6.92 and a fifty-two week high of $11.44.

Territorial Bancorp (NASDAQ:TBNK) last announced its quarterly earnings results on Friday, January 31st. The financial services provider reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.18). Territorial Bancorp had a negative net margin of 5.74% and a negative return on equity of 1.72%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on Territorial Bancorp in a report on Saturday. They set a “hold” rating on the stock.

About Territorial Bancorp

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