Timberland Bancorp (NASDAQ:TSBK) Stock: Insider Kelly Suter Sells 1,000 Shares

Key Points

• Director Kelly Suter sold 1,000 shares for $48,100, reducing their direct holdings by 23.92% to 3,180 shares.
• Timberland Bancorp reported quarterly earnings of $1.04 per share on $22.78 million in revenue, and raised its quarterly dividend from $0.30 to $0.31 per share.
• The stock traded at $48.28, near its one-year high of $49.38; MarketBeat data showed a consensus Strong Buy rating.

Timberland Bancorp, Inc. (NASDAQ:TSBK - Get Free Report) Director Kelly Suter sold 1,000 shares of the company's stock in a transaction dated Monday, November 9th. The stock was sold at an average price of $48.10, for a total value of $48,100.00. Following the completion of the transaction, the director directly owned 3,180 shares of the company's stock, valued at approximately $152,958. The trade was a 23.92% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Timberland Bancorp Trading Up 0.5%

Timberland Bancorp stock traded up $0.23 during trading hours on Tuesday, hitting $48.28. The stock had a trading volume of 8,104 shares, compared to its average volume of 31,759. The business's 50 day simple moving average is $46.07 and its 200-day simple moving average is $42.62. Timberland Bancorp, Inc. has a one year low of $32.34 and a one year high of $49.38. The stock has a market cap of $375.66 million, a price-to-earnings ratio of 12.19 and a beta of 0.34. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.04.

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

Timberland Bancorp Increases Dividend

The firm also recently announced 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 is Thursday, November 12th. This represents a $1.24 annualized dividend and a yield of 2.6%. This is a boost from Timberland Bancorp's previous quarterly dividend of $0.30. Timberland Bancorp's dividend payout ratio is 30.30%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of TSBK. Russell Investments Group Ltd. raised its holdings in Timberland Bancorp by 50.0% during the 3rd quarter. Russell Investments Group Ltd. now owns 8,631 shares of the savings and loans company's stock worth $385,000 after purchasing an additional 2,877 shares during the last quarter. State Street Corp lifted its position in shares of Timberland Bancorp by 3.5% in the 2nd quarter. State Street Corp now owns 137,561 shares of the savings and loans company's stock worth $6,164,000 after purchasing an additional 4,666 shares during the period. Sequoia Financial Advisors LLC bought a new stake in shares of Timberland Bancorp in the 2nd quarter valued at $238,000. Squarepoint Ops LLC bought a new stake in shares of Timberland Bancorp in the 2nd quarter valued at $227,000. Finally, Citadel Advisors LLC increased its position in shares of Timberland Bancorp by 127.7% during the second quarter. Citadel Advisors LLC now owns 12,810 shares of the savings and loans company's stock worth $574,000 after buying an additional 7,183 shares during the period. 65.49% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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