Territorial Bancorp Inc. (NASDAQ:TBNK) Announces Quarterly Dividend of $0.01

Territorial Bancorp Inc. (NASDAQ:TBNK) announced a quarterly dividend on Friday, January 31st,Wall Street Journal reports. Stockholders of record on Friday, February 14th will be paid 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 dividend 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% annually over the last three years. Territorial Bancorp has a dividend payout ratio of 9.5% meaning its dividend is sufficiently covered by earnings.

Territorial Bancorp Stock Performance

Shares of TBNK opened at $8.71 on Wednesday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.71. Territorial Bancorp has a 1-year low of $6.92 and a 1-year high of $11.44. The company has a 50-day moving average of $9.57 and a 200 day moving average of $9.94.

Territorial Bancorp (NASDAQ:TBNK) last posted its quarterly earnings results on Friday, January 31st. The financial services provider reported ($0.20) earnings per share for the quarter, missing the consensus estimate 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%.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on Territorial Bancorp in a report on Saturday. They issued a “hold” rating for the company.

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.