Insider Selling: Timberland Bancorp (NASDAQ:TSBK) Director Sells $19,388.00 in Stock

Key Points

• Director Andrea Clinton sold 400 shares for $19,388 at an average price of $48.47, reducing her stake by 3.98%; she retained 9,645 shares.
• Timberland Bancorp reported quarterly earnings of $1.04 per share on $22.78 million in revenue, with a net margin of 26.18%.
• The company raised its quarterly dividend from $0.30 to $0.31 per share, equivalent to $1.24 annually and a 2.6% yield.

Timberland Bancorp, Inc. (NASDAQ:TSBK - Get Free Report) Director Andrea Clinton sold 400 shares of the company'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 transaction of $19,388.00. Following the completion of the sale, the director owned 9,645 shares of the company's stock, valued at approximately $467,493.15. This trade represents a 3.98% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Timberland Bancorp Stock Down 0.8%

TSBK traded down $0.39 on Thursday, reaching $47.77. 47,268 shares of the company traded hands, compared to its average volume of 31,866. Timberland Bancorp, Inc. has a 52-week low of $32.34 and a 52-week high of $49.38. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.00 and a quick ratio of 1.00. The company has a market cap of $371.65 million, a price-to-earnings ratio of 12.06 and a beta of 0.34. The stock's 50 day moving average price is $45.97 and its 200-day moving average price is $42.45.

Timberland Bancorp (NASDAQ:TSBK - Get Free Report) last issued its quarterly earnings data on Thursday, October 29th. The savings and loans company reported $1.04 earnings per share for the quarter. Timberland Bancorp had a net margin of 26.18% and a return on equity of 11.51%. The firm had revenue of $22.78 million for the quarter.

Timberland Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 27th. Investors of record on Thursday, November 12th will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Thursday, November 12th. This represents a $1.24 annualized dividend and a dividend yield of 2.6%. This is a boost from Timberland Bancorp's previous quarterly dividend of $0.30. Timberland Bancorp's payout ratio is presently 30.30%.

Hedge Funds Weigh In On Timberland Bancorp

Institutional investors have recently modified their holdings of the stock. BlackRock Inc. acquired a new position in shares of Timberland Bancorp during the second quarter worth approximately $30,927,000. The Manufacturers Life Insurance Company acquired a new position in shares of Timberland Bancorp in the 2nd quarter valued at $12,751,000. Davis Asset Management L.P. acquired a new position in Timberland Bancorp in the second quarter valued at about $7,818,000. Westport Asset Management Inc. bought a new position in Timberland Bancorp during the 2nd quarter worth approximately $3,626,000. Finally, De Lisle Partners LLP acquired a new position in shares of Timberland Bancorp in the 2nd quarter valued at $2,922,000. 65.49% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of 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.com, Timberland Bancorp currently has a consensus 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.

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