Timberland Bancorp (NASDAQ:TSBK) Shares Cross Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• Timberland Bancorp shares crossed above their 200-day moving average, reaching $45.40 before closing at $44.87, compared with the 200-day average of $43.16.
• Analyst sentiment was positive: Weiss Ratings upgraded the stock to “buy (a-)”, while MarketBeat reported an average “Strong Buy” rating.
• The company reported quarterly EPS of $0.98 and raised its quarterly dividend to $0.30 per share, equivalent to a $1.20 annualized payout and a 2.7% yield.

Timberland Bancorp, Inc. (NASDAQ:TSBK - Get Free Report) passed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $43.16 and traded as high as $45.40. Timberland Bancorp shares last traded at $44.87, with a volume of 21,650 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised Timberland Bancorp from a "buy (b+)" rating to a "buy (a-)" rating in a research report on Friday, September 18th. One research analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, Timberland Bancorp currently has an average rating of "Strong Buy".

Timberland Bancorp Stock Down 1.7%

The company has a market capitalization of $349.09 million, a price-to-earnings ratio of 11.25 and a beta of 0.31. The business has a fifty day simple moving average of $45.75 and a two-hundred day simple moving average of $43.16. 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 issued its earnings results on Wednesday, July 29th. The savings and loans company reported $0.98 earnings per share (EPS) for the quarter. The business had revenue of $21.10 million during the quarter. Timberland Bancorp had a return on equity of 11.72% and a net margin of 26.46%.

Timberland Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 24th. Shareholders of record on Monday, August 10th were paid a dividend of $0.30 per share. This is an increase from Timberland Bancorp's previous quarterly dividend of $0.29. This represents a $1.20 annualized dividend and a yield of 2.7%. The ex-dividend date was Monday, August 10th. Timberland Bancorp's dividend payout ratio is currently 30.08%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. State Street Corp increased its position in shares of Timberland Bancorp by 3.5% during 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 in the last quarter. Sequoia Financial Advisors LLC acquired a new position in Timberland Bancorp in the second quarter valued at about $238,000. Squarepoint Ops LLC bought a new stake in Timberland Bancorp during the second quarter worth about $227,000. Citadel Advisors LLC grew its stake in 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 last quarter. Finally, Hsbc Holdings PLC increased its holdings in shares of Timberland Bancorp by 11.8% during the second quarter. Hsbc Holdings PLC now owns 27,171 shares of the savings and loans company's stock worth $1,209,000 after buying an additional 2,866 shares in the last quarter. 65.49% of the stock is owned by institutional investors.

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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