David Alan Smith Sells 836 Shares of Timberland Bancorp, Inc. (NASDAQ:TSBK) 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 stock in a transaction that occurred on Tuesday, July 29th. The stock was sold at an average price of $33.50, for a total value of $28,006.00. Following the transaction, the director directly owned 17,768 shares of the company's stock, valued at approximately $595,228. This trade represents a 4.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Timberland Bancorp Price Performance

NASDAQ TSBK traded down $0.32 during mid-day trading on Friday, hitting $30.97. The stock had a trading volume of 19,464 shares, compared to its average volume of 15,551. Timberland Bancorp, Inc. has a 52-week low of $26.09 and a 52-week high of $34.95. The company has a market cap of $244.66 million, a price-to-earnings ratio of 9.11 and a beta of 0.51. The company has a 50 day simple moving average of $31.45 and a 200 day simple moving average of $30.67. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.08.

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

Timberland Bancorp Dividend Announcement

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 given a dividend of $0.26 per share. The ex-dividend date of this dividend is Friday, August 8th. This represents a $1.04 annualized dividend and a yield of 3.4%. Timberland Bancorp's dividend payout ratio (DPR) is presently 30.59%.

Hedge Funds Weigh In On Timberland Bancorp

Several hedge funds have recently bought and sold shares of TSBK. Tower Research Capital LLC TRC boosted its holdings in shares of 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 Timberland Bancorp in the first quarter valued at $33,000. Deutsche Bank AG acquired a new position in Timberland Bancorp in the fourth quarter valued at $76,000. GAMMA Investing LLC boosted its holdings in Timberland Bancorp by 22,400.0% in the first quarter. GAMMA Investing LLC now owns 2,925 shares of the savings and loans company's stock valued at $97,000 after acquiring an additional 2,912 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in Timberland Bancorp by 16.1% in 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 acquiring an additional 964 shares during the last quarter. Hedge funds and other institutional investors own 65.49% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded Timberland Bancorp from a "buy" rating to a "hold" rating in a research note on Wednesday, May 21st.

About Timberland Bancorp

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.