Territorial Bancorp (NASDAQ:TBNK) Posts Quarterly Earnings Results, Beats Expectations By $0.04 EPS

Territorial Bancorp (NASDAQ:TBNK) released its earnings results on Thursday. The financial services provider reported $0.47 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.04, MarketWatch Earnings reports. Territorial Bancorp had a net margin of 24.58% and a return on equity of 8.18%. The business had revenue of $16.23 million during the quarter, compared to analysts’ expectations of $14.90 million.

Shares of TBNK opened at $21.97 on Friday. The stock has a market cap of $208.60 million, a price-to-earnings ratio of 10.67 and a beta of 0.62. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.64. Territorial Bancorp has a 12 month low of $20.25 and a 12 month high of $32.45. The company has a 50-day moving average price of $22.55 and a two-hundred day moving average price of $25.34.

In other Territorial Bancorp news, COO Ralph Y. Nakatsuka sold 3,500 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $25.31, for a total transaction of $88,585.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, COO Vernon Hirata sold 7,500 shares of the firm’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $25.21, for a total transaction of $189,075.00. The disclosure for this sale can be found here. 10.80% of the stock is owned by company insiders.

Several equities research analysts recently weighed in on the stock. BidaskClub cut shares of Territorial Bancorp from a “hold” rating to a “sell” rating in a research note on Friday, June 12th. Compass Point raised their price target on shares of Territorial Bancorp from $29.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, May 1st.

About Territorial Bancorp

Territorial Bancorp, Inc operates as the bank holding company for Territorial Savings Bank, which provides financial services to individuals, families, and businesses in 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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Earnings History for Territorial Bancorp (NASDAQ:TBNK)

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