Territorial Bancorp Inc. (NASDAQ:TBNK) announced a quarterly dividend on Friday, July 28th, Wall Street Journal reports. Stockholders of record on Thursday, August 10th will be given a dividend of 0.20 per share by the financial services provider on Thursday, August 24th. This represents a $0.80 annualized dividend and a dividend yield of 2.57%. The ex-dividend date of this dividend is Tuesday, August 8th.

Territorial Bancorp (NASDAQ:TBNK) traded down 1.87% during midday trading on Friday, hitting $30.51. 24,351 shares of the stock traded hands. The stock has a 50-day moving average of $31.08 and a 200 day moving average of $31.51. The firm has a market cap of $281.61 million, a PE ratio of 16.86 and a beta of 0.29. Territorial Bancorp has a 52-week low of $26.73 and a 52-week high of $34.00.

In other news, Director Kirk W. Caldwell sold 2,250 shares of the business’s stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $32.11, for a total transaction of $72,247.50. Following the transaction, the director now owns 38,502 shares of the company’s stock, valued at approximately $1,236,299.22. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director David S. Murakami sold 9,478 shares of the business’s stock in a transaction dated Wednesday, May 3rd. The shares were sold at an average price of $31.25, for a total transaction of $296,187.50. Following the transaction, the director now directly owns 47,387 shares in the company, valued at approximately $1,480,843.75. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,476 shares of company stock worth $454,475. Corporate insiders own 9.80% of the company’s stock.

Several brokerages have recently weighed in on TBNK. BidaskClub cut shares of Territorial Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. Zacks Investment Research cut shares of Territorial Bancorp from a “buy” rating to a “sell” rating in a research report on Wednesday, May 17th. Finally, ValuEngine cut shares of Territorial Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, June 27th.

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Territorial Bancorp Company Profile

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.

Dividend History for Territorial Bancorp (NASDAQ:TBNK)

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