Timberland Bancorp (NASDAQ:TSBK) Shares Pass Above 200-Day Moving Average – Here’s What Happened

Shares of Timberland Bancorp, Inc. (NASDAQ:TSBK) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $33.53 and traded as high as $36.45. Timberland Bancorp shares last traded at $35.85, with a volume of 8,896 shares traded.

Analyst Ratings Changes

TSBK has been the topic of a number of recent analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Timberland Bancorp in a report on Monday, December 29th. Wall Street Zen upgraded shares of Timberland Bancorp from a “hold” rating to a “buy” rating in a report on Saturday, December 13th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, Timberland Bancorp presently has an average rating of “Buy”.

Timberland Bancorp Trading Down 1.6%

The company has a debt-to-equity ratio of 0.08, a current ratio of 1.00 and a quick ratio of 1.00. The business’s 50-day simple moving average is $34.94 and its 200-day simple moving average is $33.55. The company has a market cap of $282.53 million, a price-to-earnings ratio of 9.74 and a beta of 0.36.

Timberland Bancorp (NASDAQ:TSBK) last posted its earnings results on Friday, October 31st. The savings and loans company reported $1.07 earnings per share (EPS) for the quarter. The firm had revenue of $24.11 million for the quarter. Timberland Bancorp had a return on equity of 11.43% and a net margin of 25.44%.

Timberland Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 28th. Investors of record on Friday, November 14th were paid a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was Friday, November 14th. This is a positive change from Timberland Bancorp’s previous quarterly dividend of $0.26. Timberland Bancorp’s dividend payout ratio is presently 30.43%.

Insider Activity

In related news, Director Michael John Stoney sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $36.99, for a total transaction of $36,990.00. Following the transaction, the director owned 9,040 shares of the company’s stock, valued at approximately $334,389.60. This represents a 9.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Matthew J. Debord sold 5,195 shares of Timberland Bancorp stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $37.51, for a total transaction of $194,864.45. Following the completion of the sale, the executive vice president directly owned 5,700 shares of the company’s stock, valued at $213,807. The trade was a 47.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 3.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On Timberland Bancorp

Several institutional investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC boosted its stake in 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 buying an additional 813 shares during the last quarter. Strs Ohio purchased a new stake in Timberland Bancorp in the first quarter valued at approximately $33,000. Raymond James Financial Inc. acquired a new position in Timberland Bancorp during the second quarter worth approximately $62,000. Tower Research Capital LLC TRC increased its holdings in shares of Timberland Bancorp by 610.2% during 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 buying an additional 1,739 shares during the last quarter. Finally, CWM LLC increased its holdings in shares of Timberland Bancorp by 304.8% during the 3rd quarter. CWM LLC now owns 1,935 shares of the savings and loans company’s stock worth $64,000 after buying an additional 1,457 shares during the last quarter. 65.49% of the stock is currently owned by institutional investors and hedge funds.

About Timberland Bancorp

Timberland Bancorp, Inc is the bank holding company for Timberland Bank, a Washington-chartered commercial bank serving individuals and businesses in southwestern Washington. The company conducts its operations through Timberland Bank, offering a range of community banking services tailored to local market needs. As a publicly traded company on the NASDAQ under the symbol TSBK, Timberland Bancorp focuses on delivering personalized financial solutions while maintaining a community-oriented approach.

Timberland Bank’s core products include deposit accounts such as checking, savings and money market accounts, certificates of deposit and retirement accounts.