Timberland Bancorp (NASDAQ:TSBK) Receives Buy (B) Rating from Weiss Ratings

Key Points

• Timberland Bancorp's stock has been reissued a buy (B) rating by Weiss Ratings, indicating positive recommendations from analysts.
• The company's earnings report for the last quarter showed $0.90 earnings per share with a net margin of 24.19% and revenue of $20.50 million.
• Significant institutional investment changes occurred recently, with hedge funds increasing their holdings, especially EverSource Wealth Advisors raising theirs by 20,325%.

Timberland Bancorp (NASDAQ:TSBK - Get Free Report)'s stock had its "buy (b)" rating reissued by equities researchers at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

Timberland Bancorp Stock Performance

TSBK stock traded down $0.04 during trading on Wednesday, hitting $32.23. 12,472 shares of the company's stock traded hands, compared to its average volume of 20,004. 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 has a 52 week low of $27.51 and a 52 week high of $38.08. The stock has a fifty day moving average price of $33.42 and a two-hundred day moving average price of $31.74. The stock has a market capitalization of $254.62 million, a price-to-earnings ratio of 9.48 and a beta of 0.52.

Timberland Bancorp (NASDAQ:TSBK - Get Free Report) last released its earnings results on Tuesday, July 22nd. The savings and loans company reported $0.90 earnings per share for the quarter. Timberland Bancorp had a net margin of 24.19% and a return on equity of 10.79%. The firm had revenue of $20.50 million during the quarter.

Insider Buying and Selling at Timberland Bancorp

In other news, Director Andrea M. Clinton sold 3,800 shares of the business's stock in a transaction on Friday, July 25th. The shares were sold at an average price of $32.98, for a total transaction of $125,324.00. Following the completion of the transaction, the director owned 8,210 shares of the company's stock, valued at approximately $270,765.80. The trade was a 31.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director David Alan Smith sold 836 shares of the business's stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of $33.50, for a total transaction 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 position. The disclosure for this sale can be found here. Insiders own 3.70% of the company's stock.

Hedge Funds Weigh In On Timberland Bancorp

Several hedge funds and other institutional investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC lifted its holdings in Timberland Bancorp by 20,325.0% in the second quarter. EverSource Wealth Advisors LLC now owns 817 shares of the savings and loans company's stock worth $25,000 after purchasing an additional 813 shares during the period. Strs Ohio acquired a new stake in Timberland Bancorp in the first quarter worth about $33,000. Raymond James Financial Inc. acquired a new stake in Timberland Bancorp in the second quarter worth about $62,000. Tower Research Capital LLC TRC lifted its holdings in Timberland Bancorp by 610.2% in the second quarter. Tower Research Capital LLC TRC now owns 2,024 shares of the savings and loans company's stock worth $63,000 after purchasing an additional 1,739 shares during the period. Finally, GAMMA Investing LLC lifted 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 worth $97,000 after purchasing an additional 2,912 shares during the period. Institutional investors and hedge funds own 65.49% of the company's stock.

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.

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