Insider Selling: Howard Y. Ikeda Sells 3,636 Shares of Territorial Bancorp Stock (TBNK)
Territorial Bancorp (NASDAQ:TBNK) Director Howard Y. Ikeda sold 3,636 shares of Territorial Bancorp stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $20.50, for a total value of $74,538.00. Following the sale, the director now directly owns 33,511 shares of the company’s stock, valued at approximately $686,976. The transaction was disclosed in a filing with the SEC, which is available at this link.
Separately, analysts at Zacks upgraded shares of Territorial Bancorp from a “neutral” rating to an “outperform” rating in a research note on Friday, August 8th. They now have a $26.10 price target on the stock.
Territorial Bancorp (NASDAQ:TBNK) traded up 0.10% during mid-day trading on Wednesday, hitting $20.40. The stock had a trading volume of 37,747 shares. Territorial Bancorp has a 52 week low of $19.56 and a 52 week high of $24.15. The stock’s 50-day moving average is $20.41 and its 200-day moving average is $20.97. The company has a market cap of $187.1 million and a price-to-earnings ratio of 13.23.
Territorial Bancorp (NASDAQ:TBNK) last issued its quarterly 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. Shareholders 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 2.94%. The ex-dividend date is Tuesday, August 12th.
Territorial Bancorp Inc owns 100% of Territorial Savings Bank (NASDAQ:TBNK).
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