Timberland Bancorp (NASDAQ:TSBK) COO Sells $95,520.00 in Stock

Key Points

• COO Jonathan Fischer sold 2,000 shares for $95,520 at an average price of $47.76, reducing his direct holdings by 19.81% to 8,095 shares.
• Timberland reported quarterly EPS of $1.04 on revenue of $22.78 million and raised its quarterly dividend from $0.30 to $0.31 per share.
• Weiss Ratings upgraded the stock to “buy (A),” and MarketBeat data showed an average analyst rating of “Strong Buy.”

Timberland Bancorp, Inc. (NASDAQ:TSBK - Get Free Report) COO Jonathan Fischer sold 2,000 shares of Timberland Bancorp stock in a transaction on Thursday, November 5th. The shares were sold at an average price of $47.76, for a total transaction of $95,520.00. Following the completion of the transaction, the chief operating officer directly owned 8,095 shares in the company, valued at $386,617.20. The trade was a 19.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Timberland Bancorp Stock Performance

TSBK stock traded down $0.39 on Thursday, hitting $47.77. The company's stock had a trading volume of 47,268 shares, compared to its average volume of 31,866. The stock has a market cap of $371.65 million, a price-to-earnings ratio of 12.06 and a beta of 0.34. The firm has a 50 day moving average of $45.97 and a two-hundred day moving average of $42.45. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.04. Timberland Bancorp, Inc. has a 1 year low of $32.34 and a 1 year high of $49.38.

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 (EPS) for the quarter. The company had revenue of $22.78 million for the quarter. Timberland Bancorp had a net margin of 26.18% and a return on equity of 11.51%.

Timberland Bancorp Increases Dividend

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised Timberland Bancorp from a "buy (a-)" rating to a "buy (a)" rating in a research report on Thursday, October 8th. One analyst has rated the stock with a Strong Buy rating. According to data from MarketBeat, the company presently has an average rating of "Strong Buy".

Institutional Trading of Timberland Bancorp

Hedge funds have recently made changes to their positions in the company. Legal & General Group Plc purchased a new stake in shares of Timberland Bancorp in the second quarter valued at about $31,000. Squarepoint Ops LLC acquired a new position in shares of Timberland Bancorp during the second quarter worth about $227,000. Sequoia Financial Advisors LLC purchased a new position in Timberland Bancorp during the second quarter worth about $238,000. Deutsche Bank AG purchased a new position in Timberland Bancorp during the second quarter worth about $328,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in Timberland Bancorp during the second quarter worth about $544,000. Institutional investors and hedge funds own 65.49% of the company's stock.

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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