Timberland Bancorp (NASDAQ:TSBK) Stock Price Crosses Above 200-Day Moving Average - What's Next?

Key Points

• Shares of Timberland Bancorp (NASDAQ:TSBK) have crossed above the 200-day moving average, trading at $31.46 after reaching a high of $31.95.
• Wall Street analysts have downgraded Timberland Bancorp from a "buy" to a "hold" rating, indicating a shift in market sentiment.
• The company recently declared a quarterly dividend of $0.26 per share, yielding a total of $1.04 annually with a payout ratio of 30.59%.

Timberland Bancorp, Inc. (NASDAQ:TSBK - Get Free Report)'s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $30.76 and traded as high as $31.95. Timberland Bancorp shares last traded at $31.46, with a volume of 13,446 shares.

Analyst Ratings Changes

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

Timberland Bancorp Stock Down 2.9%

The company's fifty day moving average price is $31.75 and its 200-day moving average price is $30.84. The stock has a market cap of $255.01 million, a P/E ratio of 9.49 and a beta of 0.51. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.99 and a current ratio of 0.99.

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

Timberland Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 22nd. Investors of record on Friday, August 8th will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Friday, August 8th. Timberland Bancorp's dividend payout ratio (DPR) is currently 30.59%.

Insider Activity

In other news, Director David Alan Smith sold 836 shares of the stock in a transaction that occurred 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 in the company, valued at approximately $595,228. This trade represents a 4.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Andrea M. Clinton sold 3,800 shares of the stock in a transaction that occurred 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 transaction, the director owned 8,210 shares in the company, valued at approximately $270,765.80. This represents a 31.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.70% of the company's stock.

Hedge Funds Weigh In On Timberland Bancorp

A number of hedge funds and other institutional investors have recently modified their holdings of TSBK. JPMorgan Chase & Co. boosted its stake in shares of Timberland Bancorp by 91.5% during the fourth quarter. JPMorgan Chase & Co. now owns 27,366 shares of the savings and loans company's stock valued at $835,000 after purchasing an additional 13,072 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Timberland Bancorp by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 168,813 shares of the savings and loans company's stock worth $5,151,000 after buying an additional 435 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of Timberland Bancorp by 16.1% during the 4th quarter. Wells Fargo & Company MN now owns 6,959 shares of the savings and loans company's stock worth $212,000 after acquiring an additional 964 shares in the last quarter. Barclays PLC raised its stake in shares of Timberland Bancorp by 7.7% during the 4th quarter. Barclays PLC now owns 21,159 shares of the savings and loans company's stock worth $645,000 after acquiring an additional 1,516 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Timberland Bancorp by 1.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 574,477 shares of the savings and loans company's stock worth $17,527,000 after acquiring an additional 6,311 shares in the last quarter. 65.49% of the stock is currently owned by institutional investors.

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.