Territorial Bancorp (NASDAQ:TBNK) Receiving Somewhat Favorable Media Coverage, Analysis Finds
Press coverage about Territorial Bancorp (NASDAQ:TBNK) has been trending somewhat positive on Tuesday, Accern reports. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Territorial Bancorp earned a news impact score of 0.05 on Accern’s scale. Accern also gave news stories about the financial services provider an impact score of 46.6686219753281 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Several equities research analysts have weighed in on the company. BidaskClub cut Territorial Bancorp from a “sell” rating to a “strong sell” rating in a report on Thursday, August 3rd. Zacks Investment Research cut Territorial Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, August 3rd. Finally, ValuEngine cut Territorial Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, June 27th.
Shares of Territorial Bancorp (NASDAQ:TBNK) opened at 29.68 on Tuesday. The firm has a 50-day moving average price of $30.96 and a 200 day moving average price of $31.43. Territorial Bancorp has a 12-month low of $27.43 and a 12-month high of $34.00. The stock has a market cap of $274.69 million, a PE ratio of 16.30 and a beta of 0.28.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 24th. Shareholders of record on Thursday, August 10th will be given a dividend of $0.20 per share. The ex-dividend date is Tuesday, August 8th. This represents a $0.80 annualized dividend and a dividend yield of 2.70%. Territorial Bancorp’s dividend payout ratio (DPR) is presently 43.96%.
In other Territorial Bancorp news, Director Kirk W. Caldwell sold 2,250 shares of the business’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $32.11, for a total transaction of $72,247.50. Following the completion of the transaction, the director now owns 38,502 shares in the company, valued at $1,236,299.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 9.80% of the stock is owned by insiders.
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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