Timberland Bancorp (NASDAQ:TSBK) Releases Quarterly Earnings Results

Timberland Bancorp (NASDAQ:TSBK) issued its earnings results on Thursday. The savings and loans company reported $0.90 earnings per share for the quarter, Zacks reports. Timberland Bancorp had a return on equity of 11.77% and a net margin of 26.22%.The company had revenue of $20.90 million for the quarter.

Timberland Bancorp Price Performance

NASDAQ TSBK opened at $40.37 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.07. The company has a market cap of $318.12 million, a PE ratio of 10.32 and a beta of 0.32. The firm’s 50-day simple moving average is $39.69 and its two-hundred day simple moving average is $36.88. Timberland Bancorp has a 52 week low of $29.30 and a 52 week high of $43.55.

Timberland Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 22nd. Stockholders of record on Friday, May 8th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, May 8th. Timberland Bancorp’s dividend payout ratio is currently 29.67%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on TSBK. Wall Street Zen downgraded Timberland Bancorp from a “buy” rating to a “hold” rating in a research note on Saturday, February 14th. Weiss Ratings reissued a “buy (b)” rating on shares of Timberland Bancorp in a research note on Friday, March 27th. One analyst has rated the stock with a Buy rating, According to MarketBeat, Timberland Bancorp currently has an average rating of “Buy”.

Insider Buying and Selling at Timberland Bancorp

In related news, EVP Matthew J. Debord sold 3,805 shares of the company’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $39.53, for a total value of $150,411.65. Following the transaction, the executive vice president owned 5,700 shares in the company, valued at $225,321. The trade was a 40.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Jonathan Arthur Fischer sold 2,000 shares of the stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $39.50, for a total transaction of $79,000.00. Following the sale, the chief operating officer owned 6,550 shares in the company, valued at approximately $258,725. The trade was a 23.39% decrease in their position. The SEC filing for this sale provides additional information. 3.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On Timberland Bancorp

Several hedge funds and other institutional investors have recently modified their holdings of TSBK. Geode Capital Management LLC grew its holdings in shares of Timberland Bancorp by 0.9% in the second quarter. Geode Capital Management LLC now owns 175,399 shares of the savings and loans company’s stock worth $5,473,000 after acquiring an additional 1,484 shares during the period. Bridgeway Capital Management LLC lifted its holdings in Timberland Bancorp by 0.9% in the third quarter. Bridgeway Capital Management LLC now owns 131,638 shares of the savings and loans company’s stock valued at $4,381,000 after acquiring an additional 1,126 shares during the period. State Street Corp lifted its holdings in Timberland Bancorp by 1.9% in the fourth quarter. State Street Corp now owns 126,758 shares of the savings and loans company’s stock valued at $4,538,000 after acquiring an additional 2,322 shares during the period. Fourthstone LLC boosted its position in Timberland Bancorp by 207.5% in the fourth quarter. Fourthstone LLC now owns 109,687 shares of the savings and loans company’s stock worth $3,927,000 after purchasing an additional 74,011 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in Timberland Bancorp by 9.2% in the fourth quarter. Goldman Sachs Group Inc. now owns 64,383 shares of the savings and loans company’s stock worth $2,305,000 after purchasing an additional 5,408 shares during the last quarter. 65.49% of the stock is owned by institutional investors.

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.