Territorial Bancorp Reports Quarterly Earnings Results

Territorial Bancorp (NASDAQ:TBNK) released its quarterly earnings report on Friday. The financial services company reported an earnings per share (EPS) of ($0.20) for the quarter. This figure fell short of analysts' expectations, which had predicted an EPS of ($0.02), resulting in a miss of ($0.18). Furthermore, Territorial Bancorp exhibited a negative net margin of 3.01% and a negative return on equity of 0.90%.

Stock Performance

On the same day, Territorial Bancorp's shares increased by 0.2%, with stock trading reaching $9.03. The trading volume for the day was 31,438 shares, compared to the average volume of 20,330. The company's debt-to-equity ratio stands at 0.71, with both the quick ratio and current ratio at 0.84. Over the past year, the stock has seen a low of $6.92 and a high of $11.44. The firm's fifty-day moving average is $9.85, while the 200-day moving average is $9.97. Currently, Territorial Bancorp has a market capitalization of $79.73 million and a price-to-earnings ratio of -34.73, with a beta of 0.62.

Analyst Insights

In related news, StockNews.com initiated coverage on Territorial Bancorp, assigning the stock a "hold" rating. Analysts remain cautious about its performance in the upcoming periods.

About Territorial Bancorp

Territorial Bancorp Inc serves as the holding company for Territorial Savings Bank. The organization offers a wide range of financial services catering to individuals, families, and businesses throughout the State of Hawaii. Its offerings include various deposit accounts such as passbook savings, statement savings, money market accounts, commercial and regular checking, and Super NOW accounts, along with certificates of deposit.

Conclusion

As investors consider their options, it is important to note that while Territorial Bancorp holds a "hold" rating among analysts, there are other stocks that may present more favorable investment opportunities.

Earnings, Stocks, Finance