Timberland Bancorp (NASDAQ:TSBK) Stock Rating Lowered by Wall Street Zen

Wall Street Zen lowered shares of Timberland Bancorp (NASDAQ:TSBK - Free Report) from a buy rating to a hold rating in a research note released on Wednesday.

Timberland Bancorp Stock Down 0.5%

Shares of NASDAQ TSBK traded down $0.14 during mid-day trading on Wednesday, reaching $30.25. The company had a trading volume of 8,433 shares, compared to its average volume of 13,095. Timberland Bancorp has a twelve month low of $24.26 and a twelve month high of $33.98. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.98 and a current ratio of 0.98. The stock has a market capitalization of $239.01 million, a PE ratio of 9.79 and a beta of 0.46. The stock's 50 day moving average is $30.24 and its 200-day moving average is $30.71.

Timberland Bancorp (NASDAQ:TSBK - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The savings and loans company reported $0.85 earnings per share for the quarter. Timberland Bancorp had a net margin of 22.88% and a return on equity of 10.20%. The business had revenue of $19.90 million for the quarter.

Timberland Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 9th were paid a $0.26 dividend. The ex-dividend date of this dividend was Friday, May 9th. This is an increase from Timberland Bancorp's previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.44%. Timberland Bancorp's dividend payout ratio is 32.10%.

Hedge Funds Weigh In On Timberland Bancorp

Hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. increased its position in Timberland Bancorp by 141.1% during the third quarter. JPMorgan Chase & Co. now owns 14,294 shares of the savings and loans company's stock worth $433,000 after buying an additional 8,365 shares during the last quarter. SG Americas Securities LLC acquired a new position in Timberland Bancorp during the fourth quarter worth $101,000. Kennedy Capital Management LLC increased its stake in shares of Timberland Bancorp by 35.2% in the fourth quarter. Kennedy Capital Management LLC now owns 57,124 shares of the savings and loans company's stock worth $1,743,000 after purchasing an additional 14,875 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Timberland Bancorp by 1.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 574,477 shares of the savings and loans company's stock worth $17,527,000 after purchasing an additional 6,311 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of Timberland Bancorp by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 168,813 shares of the savings and loans company's stock worth $5,151,000 after purchasing an additional 435 shares during the period. 65.49% of the stock is owned by institutional investors and hedge funds.

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.