Timberland Bancorp (NASDAQ:TSBK) Releases Quarterly Earnings Results

Timberland Bancorp (NASDAQ:TSBK) announced its quarterly earnings results on Monday. The savings and loans company reported $1.04 EPS for the quarter, Zacks reports. Timberland Bancorp had a return on equity of 11.43% and a net margin of 25.44%.

Timberland Bancorp Trading Down 0.5%

NASDAQ:TSBK traded down $0.18 during trading hours on Monday, hitting $36.53. 16,567 shares of the stock were exchanged, compared to its average volume of 14,473. The company has a market capitalization of $287.89 million, a P/E ratio of 9.93 and a beta of 0.36. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.08. The company’s 50 day moving average is $35.62 and its two-hundred day moving average is $33.89. Timberland Bancorp has a twelve month low of $27.51 and a twelve month high of $38.28.

Timberland Bancorp Increases Dividend

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

Analyst Ratings Changes

Several research firms have issued reports on TSBK. Wall Street Zen upgraded Timberland Bancorp from a “hold” rating to a “buy” rating in a research note on Saturday, December 13th. Weiss Ratings restated a “buy (b)” rating on shares of Timberland Bancorp in a research report on Monday, December 29th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

Insiders Place Their Bets

In related news, Director Michael John Stoney sold 1,000 shares of Timberland Bancorp stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $36.99, for a total value of $36,990.00. Following the completion of the sale, the director directly owned 9,040 shares in the company, valued at $334,389.60. This trade represents a 9.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Matthew J. Debord sold 5,195 shares of the business’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $37.51, for a total value of $194,864.45. Following the sale, the executive vice president directly owned 5,700 shares of the company’s stock, valued at $213,807. This represents a 47.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 3.60% of the company’s stock.

Institutional Investors Weigh In On Timberland Bancorp

Institutional investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC raised its stake in Timberland Bancorp by 20,325.0% during 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 period. Strs Ohio acquired a new stake in shares of Timberland Bancorp during the first quarter worth $33,000. Raymond James Financial Inc. bought a new stake in Timberland Bancorp in the 2nd quarter valued at $62,000. Tower Research Capital LLC TRC increased its holdings in 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 purchasing an additional 1,739 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its holdings in shares of Timberland Bancorp by 230.3% during the third quarter. BNP Paribas Financial Markets now owns 3,329 shares of the savings and loans company’s stock worth $111,000 after buying an additional 2,321 shares in the last quarter. Institutional investors and hedge funds own 65.49% of the company’s stock.

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.