Timberland Bancorp, Inc. (NASDAQ:TSBK – Get Free Report) Director Kelly Suter sold 1,000 shares of the firm’s stock in a transaction dated Monday, November 9th. The shares were sold at an average price of $48.10, for a total value of $48,100.00. Following the sale, the director owned 3,180 shares in the company, valued at $152,958. The trade was a 23.92% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Timberland Bancorp Trading Down 0.7%
Shares of TSBK stock opened at $48.02 on Thursday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.04. The business has a 50-day moving average price of $46.19 and a two-hundred day moving average price of $42.73. Timberland Bancorp, Inc. has a 12-month low of $32.34 and a 12-month high of $49.38. The firm has a market cap of $373.60 million, a P/E ratio of 12.22 and a beta of 0.34.
Timberland Bancorp (NASDAQ:TSBK – Get Free Report) last posted its quarterly earnings data on Thursday, October 29th. The savings and loans company reported $1.04 earnings per share (EPS) for the quarter. The firm had revenue of $22.78 million during the quarter. Timberland Bancorp had a return on equity of 11.51% and a net margin of 26.18%.
Timberland Bancorp Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, November 27th. Investors of record on Thursday, November 12th will be given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Thursday, November 12th. This is a positive change from Timberland Bancorp’s previous quarterly dividend of $0.30. Timberland Bancorp’s dividend payout ratio is presently 30.30%.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings raised Timberland Bancorp from a “buy (a-)” rating to a “buy (a)” rating in a research note on Thursday, October 8th. One investment analyst has rated the stock with a Strong Buy rating. Based on data from MarketBeat.com, the stock currently has an average rating of “Strong Buy”.
View Our Latest Research Report on TSBK
Institutional Investors Weigh In On Timberland Bancorp
Several institutional investors have recently bought and sold shares of TSBK. BlackRock Inc. purchased a new position in Timberland Bancorp in the 2nd quarter worth approximately $30,927,000. The Manufacturers Life Insurance Company bought a new stake in Timberland Bancorp in the second quarter valued at approximately $12,751,000. De Lisle Partners LLP bought a new stake in Timberland Bancorp in the second quarter valued at approximately $2,922,000. Westport Asset Management Inc. bought a new stake in Timberland Bancorp in the second quarter valued at approximately $3,626,000. Finally, Hsbc Holdings PLC purchased a new stake in shares of Timberland Bancorp during the second quarter valued at approximately $1,209,000. 65.49% of the stock is currently owned by hedge funds and other institutional investors.
About Timberland Bancorp
Timberland Bancorp, Inc. is the holding company for Timberland Bank, a community bank headquartered in Hoquiam, Washington. The bank provides personal and business banking services, including deposit accounts, online banking and cash-management services. Its lending activities include residential and commercial real estate loans, construction financing, and loans to businesses and consumers. Timberland Bank serves customers through branches in western Washington. The bank traces its history to 1915, when it was established in the Grays Harbor area.
Featured Articles
- Five stocks we like better than Timberland Bancorp
- Keeping AI Cool: AAON Rides the AI Heatwave to Record Growth
- AST SpaceMobile Has a New Rocket Plan, But Its Cash-Burn Problem Isn’t Going Away
- Powering Up the Moon: Redwire’s $40 Million NASA Award
- Can Constellation Energy’s Contracts Power a Stock Rebound?
Receive News & Ratings for Timberland Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Timberland Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.
