Timberland Bancorp (NASDAQ:TSBK) Stock Crosses Above 200-Day Moving Average – Here’s Why

Timberland Bancorp, Inc. (NASDAQ:TSBK) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $39.69 and traded as high as $43.70. Timberland Bancorp shares last traded at $43.32, with a volume of 20,321 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of Timberland Bancorp in a research note on Wednesday, June 24th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.

Timberland Bancorp Trading Down 0.6%

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 market cap of $337.16 million, a PE ratio of 11.01 and a beta of 0.31. The stock has a 50 day moving average price of $41.91 and a 200 day moving average price of $39.72.

Timberland Bancorp (NASDAQ:TSBK) last issued its quarterly earnings results on Thursday, April 30th. The savings and loans company reported $0.90 earnings per share for the quarter. The company had revenue of $20.90 million for the quarter. Timberland Bancorp had a return on equity of 11.67% and a net margin of 26.22%.

Timberland Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Friday, May 8th were issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Friday, May 8th. Timberland Bancorp’s payout ratio is 29.67%.

Insider Buying and Selling at Timberland Bancorp

In other news, Director David Alan Smith sold 1,000 shares of the company’s stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $43.90, for a total value of $43,900.00. Following the sale, the director directly owned 18,468 shares of the company’s stock, valued at $810,745.20. This represents a 5.14% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 3.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of TSBK. EverSource Wealth Advisors LLC grew its holdings in Timberland Bancorp by 20,325.0% in the second quarter. EverSource Wealth Advisors LLC now owns 817 shares of the savings and loans company’s stock worth $25,000 after purchasing an additional 813 shares during the period. Strs Ohio bought a new position in shares of Timberland Bancorp during the first quarter valued at approximately $33,000. Raymond James Financial Inc. purchased a new position in shares of Timberland Bancorp during the second quarter valued at approximately $62,000. Tower Research Capital LLC TRC lifted its holdings in shares of Timberland Bancorp by 610.2% during the second quarter. Tower Research Capital LLC TRC now owns 2,024 shares of the savings and loans company’s stock valued at $63,000 after purchasing an additional 1,739 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its position in shares of Timberland Bancorp by 230.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,329 shares of the savings and loans company’s stock worth $111,000 after purchasing an additional 2,321 shares in the last quarter. 65.49% of the stock is owned by hedge funds and other 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.