Timberland Bancorp (NASDAQ:TSBK) Stock Price Passes Above 200 Day Moving Average - Should You Sell?

Key Points

• Timberland Bancorp shares climbed above their 200-day moving average, reaching $46.13 before closing at $45.55, compared with a 200-day average of $42.59.
• Weiss Ratings upgraded the stock to “buy (a-),” while MarketBeat data shows an average analyst rating of Strong Buy.
• The company increased its quarterly dividend to $0.30 per share, equivalent to a $1.20 annualized payout and a 2.6% yield; institutional investors own 65.49% of outstanding shares.

Timberland Bancorp, Inc. (NASDAQ:TSBK - Get Free Report) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $42.59 and traded as high as $46.13. Timberland Bancorp shares last traded at $45.55, with a volume of 27,690 shares traded.

Analyst Ratings Changes

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

Timberland Bancorp Stock Down 0.8%

The business's 50 day simple moving average is $45.45 and its 200-day simple moving average is $42.59. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.00 and a current ratio of 1.00. The company has a market cap of $354.38 million, a price-to-earnings ratio of 11.42 and a beta of 0.31.

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

Timberland Bancorp Increases Dividend

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

Institutional Investors Weigh In On Timberland Bancorp

Several institutional investors and hedge funds have recently modified their holdings of the business. Bank of New York Mellon Corp increased its position in Timberland Bancorp by 2.0% in 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 during the period. Legal & General Group Plc bought a new stake in Timberland Bancorp in the 2nd quarter valued at $31,000. Empowered Funds LLC boosted its holdings in Timberland Bancorp by 2.0% in the 2nd quarter. Empowered Funds LLC now owns 50,775 shares of the savings and loans company's stock valued at $2,275,000 after purchasing an additional 975 shares during the period. Hsbc Holdings PLC grew its position in Timberland Bancorp by 11.8% in the 2nd quarter. Hsbc Holdings PLC now owns 27,171 shares of the savings and loans company's stock worth $1,209,000 after purchasing an additional 2,866 shares during the last quarter. Finally, Squarepoint Ops LLC acquired a new stake in Timberland Bancorp in the 2nd quarter worth $227,000. Institutional investors and hedge funds 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. 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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