Territorial Bancorp (NASDAQ:TBNK) Reports Quarterly Earnings

Territorial Bancorp (NASDAQ:TBNK) released its quarterly earnings report on Friday, providing insights into its financial performance. The financial services company reported earnings per share (EPS) of ($0.20) for the quarter, which fell short of analysts' expectations of ($0.02) by a significant margin of ($0.18) according to Zacks.

Additionally, Territorial Bancorp experienced challenges reflected in its financial metrics, such as a negative net margin of 3.01% and a negative return on equity of 0.90%. These figures suggest that the company is facing difficulties in generating profits.

Territorial Bancorp Stock Performance

During trading on the same Friday, shares of Territorial Bancorp increased by 0.2%, which is a rise of $0.02, bringing the stock price to $9.03. The trading volume reached 31,438 shares, surpassing the average trading volume of 20,330 shares. The company has a debt-to-equity ratio of 0.71, while both its quick ratio and current ratio stood at 0.84.

Over the past year, Territorial Bancorp's stock has seen fluctuations, with a fifty-two week low of $6.92 and a high of $11.44. The fifty-day moving average for the stock is $9.85, while the 200-day moving average is slightly higher at $9.97. The market capitalization of the company is approximately $79.73 million, and it holds a price-to-earnings ratio of -34.73, indicating challenges in its earnings relative to its stock price.

Analyst Coverage and Future Outlook

In a separate announcement, StockNews.com began its coverage of Territorial Bancorp, giving it a "hold" rating. This indicates that analysts recommend a cautious approach to investing in the stock at this time, suggesting that while it may not be a strong buy, it could be worth monitoring.

Profile of Territorial Bancorp

Territorial Bancorp Inc operates primarily as the holding company for Territorial Savings Bank. The bank offers a variety of financial services targeting individuals, families, and businesses in Hawaii. Their services include deposit accounts such as savings accounts, checking accounts, and certificates of deposit.

Conclusion

In summary, the recent quarterly earnings report from Territorial Bancorp reveals significant hurdles for the company, including earnings that missed expectations and negative financial margins. Investors and analysts are taking a cautious approach to the stock, noting its current position in a fluctuating market.

Territorial, Bancorp, Earnings