Territorial Bancorp Inc. operates as the holding company for Territorial Savings Bank that provides various financial services to individuals, families, and businesses in the State of Hawaii. More Details
Flawless balance sheet established dividend payer.
Share Price & News
How has Territorial Bancorp's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: TBNK has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: TBNK underperformed the US Mortgage industry which returned -19.4% over the past year.
Return vs Market: TBNK underperformed the US Market which returned 15.6% over the past year.
Price Volatility Vs. Market
How volatile is Territorial Bancorp's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall StHow Much Are Territorial Bancorp Inc. (NASDAQ:TBNK) Insiders Taking Off The Table?
1 month ago | Simply Wall StHow Much Of Territorial Bancorp Inc. (NASDAQ:TBNK) Do Insiders Own?
2 months ago | Simply Wall StHow Is Territorial Bancorp's (NASDAQ:TBNK) CEO Compensated?
Is Territorial Bancorp undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: TBNK ($21.47) is trading below our estimate of fair value ($22.68)
Significantly Below Fair Value: TBNK is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: TBNK is good value based on its PE Ratio (10.4x) compared to the US Mortgage industry average (11.1x).
PE vs Market: TBNK is good value based on its PE Ratio (10.4x) compared to the US market (18.9x).
Price to Earnings Growth Ratio
PEG Ratio: TBNK is poor value based on its PEG Ratio (6x)
Price to Book Ratio
PB vs Industry: TBNK's PB Ratio (0.8x) is in line with the US Mortgage industry average.
How is Territorial Bancorp forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TBNK's forecast earnings growth (1.7% per year) is below the savings rate (2.2%).
Earnings vs Market: TBNK's earnings (1.7% per year) are forecast to grow slower than the US market (22.2% per year).
High Growth Earnings: TBNK's earnings are forecast to grow, but not significantly.
Revenue vs Market: TBNK's revenue (2.5% per year) is forecast to grow slower than the US market (10% per year).
High Growth Revenue: TBNK's revenue (2.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: TBNK's Return on Equity is forecast to be low in 3 years time (7.2%).
How has Territorial Bancorp performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TBNK has high quality earnings.
Growing Profit Margin: TBNK's current net profit margins (30.5%) are lower than last year (31.9%).
Past Earnings Growth Analysis
Earnings Trend: TBNK's earnings have grown by 8.1% per year over the past 5 years.
Accelerating Growth: TBNK's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: TBNK had negative earnings growth (-8.8%) over the past year, making it difficult to compare to the Mortgage industry average (6.7%).
Return on Equity
High ROE: TBNK's Return on Equity (7.9%) is considered low.
How is Territorial Bancorp's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Financial Institutions Analysis
Asset Level: TBNK's Assets to Equity ratio (8.6x) is low.
Allowance for Bad Loans: TBNK has a sufficient allowance for bad loans (558%).
Low Risk Liabilities: 89% of TBNK's liabilities are made up of primarily low risk sources of funding.
Loan Level: TBNK has an appropriate level of Loans to Assets ratio (74%).
Low Risk Deposits: TBNK's Loans to Deposits ratio (93%) is appropriate.
Level of Bad Loans: TBNK has an appropriate level of bad loans (0%).
What is Territorial Bancorp current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: TBNK's dividend (6.61%) is higher than the bottom 25% of dividend payers in the US market (1.65%).
High Dividend: TBNK's dividend (6.61%) is in the top 25% of dividend payers in the US market (4.63%)
Stability and Growth of Payments
Stable Dividend: TBNK's dividend payments have been volatile in the past 10 years.
Growing Dividend: TBNK's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (43.9%), TBNK's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: TBNK's dividends in 3 years are forecast to be covered by earnings (53.3% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Allan Kitagawa (75 yo)
Mr. Allan S. Kitagawa has been the Chairman of the Board and Chief Executive Officer of Territorial BanCorp Inc. and Territorial Savings Bank since 1986 and has been its President since 2007. Mr. Kitagawa ...
CEO Compensation Analysis
Compensation vs Market: Allan's total compensation ($USD1.76M) is above average for companies of similar size in the US market ($USD1.27M).
Compensation vs Earnings: Allan's compensation has been consistent with company performance over the past year.
|Vice Chairman||13.75yrs||US$825.39k||1.62% |
|Vice Chairman & Co-COO||13.75yrs||US$928.30k||1.81% |
|Senior VP||5.33yrs||US$272.00k||0.48% |
|Senior Vice President of Administration||36.75yrs||no data||0.44% |
|Director of Investor Relations & Senior VP||11.75yrs||no data||no data|
|Senior Vice President of Administrative||no data||no data||no data|
|Senior Vice President of Business Development & Marketing||no data||no data||no data|
|Senior Vice President of Branch Administration||no data||no data||no data|
|Senior Vice President of Internal Audit||no data||no data||no data|
|Senior VP & Chief Lending Officer||no data||US$274.31k||0.71% |
Experienced Management: TBNK's management team is seasoned and experienced (13.8 years average tenure).
|Independent Director||11.75yrs||US$43.87k||0.38% |
|Independent Director||11.75yrs||US$60.74k||0.44% |
|Independent Director||11.75yrs||US$40.81k||0.30% |
|Independent Director||9.08yrs||US$40.81k||0.019% |
|Independent Director||2yrs||US$40.81k||no data|
|Independent Director||1.08yrs||US$11.70k||0.11% |
Experienced Board: TBNK's board of directors are seasoned and experienced ( 11.8 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Territorial Bancorp Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Territorial Bancorp Inc.
- Ticker: TBNK
- Exchange: NasdaqGS
- Founded: 1921
- Industry: Thrifts and Mortgage Finance
- Sector: Banks
- Market Cap: US$195.333m
- Shares outstanding: 9.10m
- Website: https://www.territorialsavings.net
Number of Employees
- Territorial Bancorp Inc.
- 1132 Bishop Street
- Suite 2200
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|TBNK||NasdaqGS (Nasdaq Global Select)||Yes||Common Stock||US||USD||Jul 2009|
|9TB||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Jul 2009|
Territorial Bancorp Inc. operates as the holding company for Territorial Savings Bank that provides various financial services to individuals, families, and businesses in the State of Hawaii. The company o ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/10/28 00:54|
|End of Day Share Price||2020/10/27 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.