Zacks Upgrades Territorial Bancorp to “Outperform” (TBNK)
Territorial Bancorp (NASDAQ:TBNK) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a note issued to investors on Friday. The firm currently has a $26.10 price objective on the stock. Zacks‘s price target would indicate a potential upside of 26.33% from the company’s current price.
Territorial Bancorp (NASDAQ:TBNK) traded up 0.78% on Friday, hitting $20.66. 19,967 shares of the company’s stock traded hands. Territorial Bancorp has a 52-week low of $19.56 and a 52-week high of $24.15. The stock has a 50-day moving average of $20.5 and a 200-day moving average of $21.1. The company has a market cap of $189.3 million and a price-to-earnings ratio of 13.30.
Territorial Bancorp (NASDAQ:TBNK) last released its earnings data on Thursday, July 31st. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.06. Analysts expect that Territorial Bancorp will post $1.51 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, August 28th. Investors of record on Thursday, August 14th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.90%. The ex-dividend date is Tuesday, August 12th.
Territorial Bancorp Inc owns 100% of Territorial Savings Bank (NASDAQ:TBNK).
To view Zacks’ full report, visit Zacks’ official website.
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