Territorial Bancorp Inc. (TBNK) Set to Announce Earnings on Thursday
Territorial Bancorp Inc. (NASDAQ:TBNK) is scheduled to release its earnings data on Thursday, July 27th. Analysts expect Territorial Bancorp to post earnings of $0.46 per share for the quarter.
Territorial Bancorp Inc. (NASDAQ:TBNK) opened at 30.42 on Thursday. The firm has a market capitalization of $280.78 million, a price-to-earnings ratio of 16.81 and a beta of 0.29. The company has a 50 day moving average price of $31.07 and a 200-day moving average price of $31.56. Territorial Bancorp Inc. has a 1-year low of $26.66 and a 1-year high of $34.00.
The firm also recently disclosed a special dividend, which will be paid on Wednesday, July 26th. Shareholders of record on Wednesday, July 12th will be issued a $0.10 dividend. This represents a yield of 2.53%. The ex-dividend date of this dividend is Monday, July 10th. Territorial Bancorp’s dividend payout ratio (DPR) is currently 44.44%.
Several equities research analysts have weighed in on the company. BidaskClub cut Territorial Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, July 13th. Zacks Investment Research upgraded Territorial Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday, July 4th. Finally, ValuEngine cut Territorial Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, June 27th.
In other Territorial Bancorp news, Director Kirk W. Caldwell sold 2,250 shares of the stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $32.11, for a total value of $72,247.50. Following the completion of the sale, the director now owns 38,502 shares in the company, valued at approximately $1,236,299.22. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director David S. Murakami sold 9,478 shares of the stock in a transaction that occurred on Wednesday, May 3rd. The stock was sold at an average price of $31.25, for a total value of $296,187.50. Following the completion of the sale, the director now owns 47,387 shares of the company’s stock, valued at approximately $1,480,843.75. The disclosure for this sale can be found here. In the last quarter, insiders sold 14,476 shares of company stock valued at $454,475. Company insiders own 9.80% of the company’s stock.
About Territorial Bancorp
Territorial Bancorp Inc is the holding company for Territorial Savings Bank (the Bank). The Bank provides financial services to individuals, families and businesses through its banking offices located throughout the State of 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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