Timberland Bancorp (NASDAQ:TSBK) Shares Cross Above Two Hundred Day Moving Average – What’s Next?

Shares of Timberland Bancorp, Inc. (NASDAQ:TSBK) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $33.75 and traded as high as $36.76. Timberland Bancorp shares last traded at $36.26, with a volume of 12,828 shares traded.

Wall Street Analysts Forecast Growth

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

Timberland Bancorp Price Performance

The firm has a market capitalization of $285.73 million, a PE ratio of 9.85 and a beta of 0.36. The stock’s 50 day simple moving average is $35.34 and its two-hundred day simple moving average is $33.75. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.00 and a current ratio of 1.00.

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

Timberland Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 28th. Stockholders of record on Friday, November 14th were issued a dividend of $0.28 per share. The ex-dividend date was Friday, November 14th. This represents a $1.12 annualized dividend and a dividend yield of 3.1%. This is a boost from Timberland Bancorp’s previous quarterly dividend of $0.26. Timberland Bancorp’s payout ratio is presently 30.43%.

Insider Activity

In other Timberland Bancorp news, EVP Matthew J. Debord sold 5,195 shares of Timberland Bancorp stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $37.51, for a total transaction of $194,864.45. Following the transaction, 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. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael John Stoney sold 1,000 shares of the business’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $36.99, for a total transaction of $36,990.00. Following the completion of the transaction, the director owned 9,040 shares in the company, valued at $334,389.60. The trade was a 9.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 3.60% of the company’s stock.

Institutional Trading of Timberland Bancorp

A number of hedge funds and other institutional investors have recently made changes to their positions in TSBK. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Timberland Bancorp by 11.2% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 15,230 shares of the savings and loans company’s stock valued at $475,000 after purchasing an additional 1,529 shares during the last quarter. Gabelli Funds LLC purchased a new stake in Timberland Bancorp in the 2nd quarter valued at about $3,839,000. De Lisle Partners LLP raised its holdings in Timberland Bancorp by 5.0% in the 2nd quarter. De Lisle Partners LLP now owns 58,060 shares of the savings and loans company’s stock valued at $1,818,000 after buying an additional 2,790 shares during the period. Seizert Capital Partners LLC acquired a new position in Timberland Bancorp in the second quarter valued at about $231,000. Finally, Raymond James Financial Inc. purchased a new position in Timberland Bancorp during the second quarter worth about $62,000. Institutional investors and hedge funds own 65.49% of the company’s stock.

Timberland Bancorp Company Profile

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.