Territorial Bancorp Reports Quarterly Earnings Results

Territorial Bancorp (NASDAQ:TBNK) released its quarterly earnings data on Friday. The financial institution reported an earnings per share (EPS) of ($0.20) for the quarter, which fell short of analysts' expectations of ($0.02) by a margin of ($0.18), according to reports from Zacks. Additionally, Territorial Bancorp showed a negative return on equity of 0.90% and a negative net margin of 3.01%.

Stock Performance

Following the earnings announcement, shares of Territorial Bancorp saw a slight increase of 0.2%, trading up $0.02 to reach $9.03. During the trading session, the company experienced a trading volume of 31,438 shares, surpassing its average volume of 20,330 shares. The firm maintains a debt-to-equity ratio of 0.71, alongside a quick ratio and current ratio both at 0.84. Over the past fifty-two weeks, the stock has ranged from a low of $6.92 to a high of $11.44. Currently, the fifty-day moving average stands at $9.85, while the 200-day moving average is at $9.97. The market capitalization of Territorial Bancorp is approximately $79.73 million, with a price-to-earnings ratio of -34.73 and a beta value of 0.62.

Analytical Perspectives

In a new development, StockNews.com has initiated coverage on Territorial Bancorp, assigning a "hold" rating on the stock. This indicates a cautious approach toward the company's current market position.

About Territorial Bancorp

Territorial Bancorp Inc. functions as the holding entity for Territorial Savings Bank, which offers a variety of financial services to individuals, families, and businesses throughout the State of Hawaii. The services include a broad range of deposit accounts, such as passbook and statement savings, money market accounts, commercial and regular checking, Super NOW accounts, as well as certificates of deposit.

Additional Insights

Investors are encouraged to explore further reports and analyses on related financial sectors or stocks that may present better opportunities compared to Territorial Bancorp.

Earnings, Stocks, Finance