Timberland Bancorp (NASDAQ:TSBK) Given “Buy (B-)” Rating at Weiss Ratings

Weiss Ratings reissued their buy (b-) rating on shares of Timberland Bancorp (NASDAQ:TSBK) in a research report released on Thursday morning,Weiss Ratings reports.

Timberland Bancorp Stock Performance

Timberland Bancorp stock opened at $31.25 on Thursday. The stock’s 50 day simple moving average is $33.36 and its two-hundred day simple moving average is $31.99. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.99 and a current ratio of 0.99. The stock has a market cap of $246.88 million, a price-to-earnings ratio of 9.19 and a beta of 0.52. Timberland Bancorp has a fifty-two week low of $27.51 and a fifty-two week high of $38.08.

Timberland Bancorp (NASDAQ:TSBK) last posted its quarterly earnings data on Thursday, October 30th. The savings and loans company reported $1.07 earnings per share for the quarter. Timberland Bancorp had a return on equity of 10.79% and a net margin of 24.19%.

Institutional Trading of Timberland Bancorp

A number of hedge funds have recently made changes to their positions in TSBK. EverSource Wealth Advisors LLC boosted its position in shares of Timberland Bancorp by 20,325.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 817 shares of the savings and loans company’s stock worth $25,000 after purchasing an additional 813 shares in the last quarter. Strs Ohio bought a new stake in shares of Timberland Bancorp in the 1st quarter worth approximately $33,000. Raymond James Financial Inc. bought a new stake in shares of Timberland Bancorp in the 2nd quarter worth approximately $62,000. Tower Research Capital LLC TRC boosted its position in shares of Timberland Bancorp by 610.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,024 shares of the savings and loans company’s stock worth $63,000 after purchasing an additional 1,739 shares in the last quarter. Finally, CWM LLC boosted its position in shares of Timberland Bancorp by 304.8% in the 3rd quarter. CWM LLC now owns 1,935 shares of the savings and loans company’s stock worth $64,000 after purchasing an additional 1,457 shares in the last quarter. 65.49% of the stock is owned by institutional investors.

About Timberland Bancorp

Timberland Bancorp, Inc operates as the bank holding company for Timberland Bank that provides various community banking services in Washington. It offers various deposit products, including money market deposit, checking, and regular savings accounts, as well as certificates of deposit. The company also provides one-to four-family residential, multi-family, and commercial real estate loans; and construction lending products, such as custom and owner/builder, speculative one- to four-family, commercial, multi-family, land development, and land development.