Timberland Bancorp (NASDAQ:TSBK) Director Andrea Clinton Sells 400 Shares of Stock

Timberland Bancorp, Inc. (NASDAQ:TSBK) Director Andrea Clinton sold 400 shares of the business’s stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $48.47, for a total value of $19,388.00. Following the completion of the sale, the director owned 9,645 shares in the company, valued at $467,493.15. The trade was a 3.98% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Timberland Bancorp Stock Down 0.8%

Shares of TSBK traded down $0.39 during mid-day trading on Thursday, hitting $47.77. 47,268 shares of the company’s stock were exchanged, compared to its average volume of 31,866. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.00 and a quick ratio of 1.00. Timberland Bancorp, Inc. has a 52 week low of $32.34 and a 52 week high of $49.38. The company has a market cap of $371.65 million, a PE ratio of 12.06 and a beta of 0.34. The company has a 50-day simple moving average of $45.97 and a 200 day simple moving average of $42.45.

Timberland Bancorp (NASDAQ:TSBK) last released its earnings results on Thursday, October 29th. The savings and loans company reported $1.04 earnings per share (EPS) for the quarter. Timberland Bancorp had a return on equity of 11.51% and a net margin of 26.18%. The business had revenue of $22.78 million for the quarter.

Timberland Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 27th. Shareholders of record on Thursday, November 12th will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 2.6%. The ex-dividend date is Thursday, November 12th. This is a positive change from Timberland Bancorp’s previous quarterly dividend of $0.30. Timberland Bancorp’s dividend payout ratio (DPR) is 30.30%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of TSBK. BlackRock Inc. bought a new stake in Timberland Bancorp during the second quarter valued at $30,927,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Timberland Bancorp in the second quarter worth approximately $12,751,000. De Lisle Partners LLP purchased a new position in Timberland Bancorp during the second quarter worth about $2,922,000. Westport Asset Management Inc. bought a new position in Timberland Bancorp in the 2nd quarter valued at $3,626,000. Finally, Hsbc Holdings PLC purchased a new stake in shares of Timberland Bancorp during the 2nd quarter worth approximately $1,209,000. Institutional investors and hedge funds own 65.49% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded Timberland Bancorp from a “buy (a-)” rating to a “buy (a)” rating in a research report on Thursday, October 8th. One investment analyst has rated the stock with a Strong Buy rating. Based on data from MarketBeat, the company currently has an average rating of “Strong Buy”.

Timberland Bancorp Company Profile

Timberland Bancorp, Inc is the holding company for Timberland Bank, a community banking institution headquartered in Hoquiam, Washington. The bank serves individuals, families, businesses and public-sector organizations in communities across western Washington.

Timberland Bank offers deposit products, including checking, savings, money market and certificate accounts, along with consumer and commercial lending. Its loan portfolio includes residential real estate, commercial real estate, construction and land development, agricultural, small-business and consumer loans.