Timberland Bancorp (NASDAQ:TSBK) Posts Earnings Results

Timberland Bancorp (NASDAQ:TSBK) posted its quarterly earnings results on Tuesday. The savings and loans company reported $0.98 earnings per share (EPS) for the quarter, Zacks reports. Timberland Bancorp had a return on equity of 11.67% and a net margin of 26.22%.

Timberland Bancorp Price Performance

Timberland Bancorp stock opened at $44.43 on Wednesday. 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 50-day moving average price of $42.79 and a 200 day moving average price of $40.41. Timberland Bancorp has a 12-month low of $30.52 and a 12-month high of $45.63. The stock has a market cap of $347.89 million, a P/E ratio of 11.36 and a beta of 0.31.

Timberland Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 24th. Investors of record on Monday, August 10th will be given a dividend of $0.30 per share. The ex-dividend date is Monday, August 10th. This is an increase from Timberland Bancorp’s previous quarterly dividend of $0.29. This represents a $1.20 annualized dividend and a yield of 2.7%. Timberland Bancorp’s dividend payout ratio (DPR) is 29.67%.

Insiders Place Their Bets

In other Timberland Bancorp news, Director David Alan Smith sold 1,000 shares of the business’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 transaction, the director directly owned 18,468 shares in the company, valued at $810,745.20. The trade was a 5.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 3.60% of the stock is owned by insiders.

Institutional Trading of Timberland Bancorp

Several institutional investors have recently made changes to their positions in the company. Empowered Funds LLC lifted its holdings in Timberland Bancorp by 3.7% in the first quarter. Empowered Funds LLC now owns 53,481 shares of the savings and loans company’s stock valued at $1,612,000 after acquiring an additional 1,909 shares during the last quarter. Jane Street Group LLC acquired a new stake in Timberland Bancorp during the first quarter worth $235,000. Strs Ohio purchased a new stake in Timberland Bancorp in the first quarter valued at $33,000. Geode Capital Management LLC raised its position in 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 valued at $5,473,000 after purchasing an additional 1,484 shares during the period. Finally, Rhumbline Advisers lifted its stake in shares of Timberland Bancorp by 4.4% in the 2nd quarter. Rhumbline Advisers now owns 7,420 shares of the savings and loans company’s stock valued at $232,000 after purchasing an additional 315 shares during the last quarter. Hedge funds and other institutional investors own 65.49% of the company’s stock.

Wall Street Analyst Weigh In

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

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.