Insider Selling: Timberland Bancorp, Inc. (NASDAQ:TSBK) Director Sells 836 Shares of Stock

Key Points

• Timberland Bancorp Director David Alan Smith sold 836 shares at an average price of $33.50, resulting in a total transaction value of $28,006, which represents a 4.49% decrease in his ownership stake.
• The company recently announced a quarterly dividend of $0.26 per share, with a yield of 3.28%, to be paid on August 22nd to shareholders of record on August 8th.
• Wall Street Zen downgraded Timberland Bancorp's stock from a "buy" rating to a "hold" rating, indicating a more cautious outlook on the stock's performance.

Timberland Bancorp, Inc. (NASDAQ:TSBK - Get Free Report) Director David Alan Smith sold 836 shares of the business's stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $33.50, for a total transaction of $28,006.00. Following the sale, the director owned 17,768 shares in the company, valued at $595,228. The trade was a 4.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Timberland Bancorp Price Performance

Shares of Timberland Bancorp stock traded down $0.22 on Friday, hitting $31.07. The company's stock had a trading volume of 7,133 shares, compared to its average volume of 11,912. Timberland Bancorp, Inc. has a 52-week low of $26.09 and a 52-week high of $34.95. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.08. The firm has a fifty day moving average price of $31.43 and a 200-day moving average price of $30.65. The company has a market capitalization of $245.45 million, a P/E ratio of 9.14 and a beta of 0.47.

Timberland Bancorp (NASDAQ:TSBK - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The savings and loans company reported $0.90 EPS for the quarter. Timberland Bancorp had a net margin of 24.19% and a return on equity of 10.87%. The company had revenue of $20.50 million during the quarter.

Timberland Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 22nd. Shareholders of record on Friday, August 8th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date is Friday, August 8th. Timberland Bancorp's dividend payout ratio is currently 30.59%.

Analyst Ratings Changes

Separately, Wall Street Zen lowered shares of Timberland Bancorp from a "buy" rating to a "hold" rating in a research report on Wednesday, May 21st.

Hedge Funds Weigh In On Timberland Bancorp

Institutional investors and hedge funds have recently bought and sold shares of the stock. Tower Research Capital LLC TRC lifted its stake in Timberland Bancorp by 158.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,053 shares of the savings and loans company's stock worth $32,000 after purchasing an additional 645 shares during the last quarter. Strs Ohio acquired a new position in shares of Timberland Bancorp during the first quarter valued at $33,000. Deutsche Bank AG acquired a new position in shares of Timberland Bancorp during the fourth quarter valued at $76,000. GAMMA Investing LLC increased its holdings in shares of Timberland Bancorp by 22,400.0% during the first quarter. GAMMA Investing LLC now owns 2,925 shares of the savings and loans company's stock valued at $97,000 after purchasing an additional 2,912 shares during the period. Finally, Wells Fargo & Company MN increased its holdings in shares of Timberland Bancorp by 16.1% during the fourth quarter. Wells Fargo & Company MN now owns 6,959 shares of the savings and loans company's stock valued at $212,000 after purchasing an additional 964 shares during the period. Hedge funds and other institutional investors own 65.49% of the company's stock.

Timberland Bancorp Company Profile

Timberland Bancorp, Inc operates as the bank holding company for Timberland Bank that provides various community banking services in Washington. It offers various deposit products, including money market deposit, checking, and regular savings accounts, as well as certificates of deposit. The company also provides one-to four-family residential, multi-family, and commercial real estate loans; and construction lending products, such as custom and owner/builder, speculative one- to four-family, commercial, multi-family, land development, and land development.