Timberland Bancorp (NASDAQ:TSBK) Share Price Breaks Above 200 Day Moving Average - Here's Why

Key Points

• Timberland Bancorp shares broke above their 200-day moving average, reaching $45.80 before last trading at $45.38, compared with the average of $43.42.
• Analyst sentiment improved, with Weiss Ratings upgrading the stock to “buy (a)” and the broader analyst consensus standing at “Strong Buy.”
• The company increased its quarterly dividend to $0.30 per share, equivalent to $1.20 annually and a 2.6% yield; institutional investors own approximately 65.5% of outstanding shares.

Timberland Bancorp, Inc. (NASDAQ:TSBK - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $43.42 and traded as high as $45.80. Timberland Bancorp shares last traded at $45.38, with a volume of 17,801 shares.

Analysts Set New Price Targets

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

Timberland Bancorp Trading Up 0.8%

The company has a market cap of $352.87 million, a price-to-earnings ratio of 11.37 and a beta of 0.31. The company's fifty day moving average price is $45.75 and its two-hundred day moving average price is $43.42. 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 posted its earnings results on Wednesday, July 29th. The savings and loans company reported $0.98 earnings per share (EPS) for the quarter. The company had revenue of $21.10 million during the quarter. Timberland Bancorp had a net margin of 26.46% and a return on equity of 11.72%.

Timberland Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 24th. Shareholders of record on Monday, August 10th were paid a $0.30 dividend. This is an increase from Timberland Bancorp's previous quarterly dividend of $0.29. This represents a $1.20 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend was Monday, August 10th. Timberland Bancorp's payout ratio is presently 30.08%.

Institutional Trading of Timberland Bancorp

Several large investors have recently made changes to their positions in TSBK. Bank of New York Mellon Corp increased its stake in shares of Timberland Bancorp by 2.0% in the first quarter. Bank of New York Mellon Corp now owns 23,722 shares of the savings and loans company's stock valued at $935,000 after buying an additional 470 shares in the last quarter. Legal & General Group Plc acquired a new position in Timberland Bancorp during the 2nd quarter worth about $31,000. Empowered Funds LLC lifted its position in Timberland Bancorp by 2.0% during the 2nd quarter. Empowered Funds LLC now owns 50,775 shares of the savings and loans company's stock worth $2,275,000 after buying an additional 975 shares in the last quarter. Hsbc Holdings PLC grew its holdings in Timberland Bancorp by 11.8% during the 2nd quarter. Hsbc Holdings PLC now owns 27,171 shares of the savings and loans company's stock worth $1,209,000 after acquiring an additional 2,866 shares during the last quarter. Finally, State Street Corp increased its position in 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 valued at $6,164,000 after acquiring an additional 4,666 shares in the last quarter. Institutional investors own 65.49% of the company's stock.

Timberland Bancorp Company Profile

Timberland Bancorp, Inc is the bank holding company for Timberland Bank, a community banking institution headquartered in Hoquiam, Washington. Timberland Bank serves individuals, families, businesses and organizations primarily in western Washington through a network of branch locations and digital banking services.

The bank offers a range of traditional financial products, including checking and savings accounts, certificates of deposit, consumer loans, residential mortgage loans, home equity financing and commercial lending.

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