Timberland Bancorp (NASDAQ:TSBK) Stock Crosses Above Two Hundred Day Moving Average - Here's Why

Key Points

• Timberland Bancorp shares crossed above their 200-day moving average, reaching $45.50 before closing at $44.88, compared with the $42.87 long-term average.
• Weiss Ratings upgraded the stock from “buy (b+)” to “buy (a-),” while the sole covering analyst maintains a Strong Buy rating.
• The company increased its quarterly dividend to $0.30 per share, or $1.20 annualized, representing a 2.7% yield and a 30.08% payout ratio.

Timberland Bancorp, Inc. (NASDAQ:TSBK - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of $42.87 and traded as high as $45.50. Timberland Bancorp shares last traded at $44.88, with a volume of 18,419 shares.

Wall Street Analyst Weigh In

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

Timberland Bancorp Price Performance

The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $349.17 million, a price-to-earnings ratio of 11.25 and a beta of 0.31. The business's 50 day simple moving average is $45.62 and its 200-day simple moving average is $42.87.

Timberland Bancorp (NASDAQ:TSBK - Get Free Report) last issued its earnings results on Wednesday, July 29th. The savings and loans company reported $0.98 EPS for the quarter. Timberland Bancorp had a net margin of 26.46% and a return on equity of 11.72%. The company had revenue of $21.10 million during the quarter.

Timberland Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 24th. Investors of record on Monday, August 10th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.7%. This is a positive change from Timberland Bancorp's previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Monday, August 10th. Timberland Bancorp's payout ratio is 30.08%.

Institutional Investors Weigh In On Timberland Bancorp

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp raised its holdings in shares of Timberland Bancorp by 2.0% during the 1st quarter. Bank of New York Mellon Corp now owns 23,722 shares of the savings and loans company's stock worth $935,000 after buying an additional 470 shares in the last quarter. Legal & General Group Plc bought a new stake in shares of Timberland Bancorp during the 2nd quarter worth $31,000. Empowered Funds LLC boosted its stake in Timberland Bancorp by 2.0% in the second quarter. Empowered Funds LLC now owns 50,775 shares of the savings and loans company's stock valued at $2,275,000 after buying an additional 975 shares in the last quarter. Hsbc Holdings PLC boosted its stake in Timberland Bancorp by 11.8% in the second quarter. Hsbc Holdings PLC now owns 27,171 shares of the savings and loans company's stock valued at $1,209,000 after buying an additional 2,866 shares in the last quarter. Finally, State Street Corp grew its position in Timberland Bancorp by 3.5% in the second 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 during the last quarter. 65.49% of the stock is currently 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. Through its subsidiary, the company provides banking services to individuals, families, businesses and public-sector customers in communities across western Washington.

Timberland Bank offers a range of deposit products, including checking, savings, money market and certificate of deposit accounts. Its lending activities include residential and commercial real estate loans, construction and land development financing, commercial business loans, consumer loans and home equity products.

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