Timberland Bancorp (NASDAQ:TSBK) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Timberland Bancorp, Inc. (NASDAQ:TSBK) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $35.32 and traded as high as $39.19. Timberland Bancorp shares last traded at $38.60, with a volume of 29,714 shares.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Weiss Ratings reissued a “buy (b)” rating on shares of Timberland Bancorp in a report on Monday, December 29th. Wall Street Zen downgraded Timberland Bancorp from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

Timberland Bancorp Price Performance

The stock has a market capitalization of $301.57 million, a P/E ratio of 9.91 and a beta of 0.35. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.07. The company has a fifty day simple moving average of $37.87 and a two-hundred day simple moving average of $35.36.

Timberland Bancorp (NASDAQ:TSBK) last announced its quarterly earnings data on Tuesday, January 27th. The savings and loans company reported $1.04 earnings per share for the quarter. The business had revenue of $21.71 million for the quarter. Timberland Bancorp had a net margin of 26.17% and a return on equity of 11.73%.

Timberland Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 13th were paid a $0.29 dividend. The ex-dividend date of this dividend was Friday, February 13th. This is a positive change from Timberland Bancorp’s previous quarterly dividend of $0.28. This represents a $1.16 annualized dividend and a yield of 3.0%. Timberland Bancorp’s payout ratio is currently 30.05%.

Insider Buying and Selling

In other Timberland Bancorp news, COO Jonathan Arthur Fischer sold 2,000 shares of Timberland Bancorp stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $39.50, for a total transaction of $79,000.00. Following the transaction, the chief operating officer directly owned 6,550 shares in the company, valued at approximately $258,725. The trade was a 23.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Matthew J. Debord sold 3,805 shares of the stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $39.53, for a total value of $150,411.65. Following the sale, the executive vice president directly owned 5,700 shares of the company’s stock, valued at approximately $225,321. The trade was a 40.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 11,000 shares of company stock worth $424,276 over the last quarter. 3.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Timberland Bancorp

A number of hedge funds and other institutional investors have recently made changes to their positions in TSBK. Rhumbline Advisers boosted its stake in Timberland Bancorp by 4.4% in the 2nd quarter. Rhumbline Advisers now owns 7,420 shares of the savings and loans company’s stock worth $232,000 after purchasing an additional 315 shares during the period. Jane Street Group LLC lifted its holdings in shares of Timberland Bancorp by 5.7% in the second quarter. Jane Street Group LLC now owns 8,231 shares of the savings and loans company’s stock valued at $257,000 after purchasing an additional 446 shares in the last quarter. LSV Asset Management boosted its position in shares of Timberland Bancorp by 7.2% during the third quarter. LSV Asset Management now owns 10,400 shares of the savings and loans company’s stock worth $346,000 after buying an additional 700 shares during the period. Martingale Asset Management L P boosted its position in shares of Timberland Bancorp by 6.4% during the fourth quarter. Martingale Asset Management L P now owns 11,619 shares of the savings and loans company’s stock worth $416,000 after buying an additional 700 shares during the period. Finally, Creative Planning grew its holdings in shares of Timberland Bancorp by 3.2% during the third quarter. Creative Planning now owns 24,808 shares of the savings and loans company’s stock worth $826,000 after buying an additional 772 shares in the last quarter. 65.49% of the stock is currently owned by institutional investors and hedge funds.

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.