Timberland Bancorp, Inc. (NASDAQ:TSBK - Get Free Report) crossed 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 traded.
Wall Street Analyst Weigh In
Separately, Wall Street Zen lowered Timberland Bancorp from a "buy" rating to a "hold" rating in a research report on Wednesday, May 21st.
Read Our Latest Research Report on TSBK
Timberland Bancorp Stock Performance
The firm has a market capitalization of $262.65 million, a PE ratio of 9.78 and a beta of 0.51. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.99 and a quick ratio of 0.99. The stock has a 50-day moving average price of $31.65 and a 200-day moving average price of $30.79.
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 business had revenue of $20.50 million during the quarter. Timberland Bancorp had a return on equity of 10.79% and a net margin of 24.19%.
Timberland Bancorp Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, August 22nd. Shareholders of record on Friday, August 8th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Friday, August 8th. Timberland Bancorp's payout ratio is presently 30.59%.
Insider Buying and Selling
In other Timberland Bancorp news, Director David Alan Smith sold 836 shares of Timberland Bancorp 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 completion of the transaction, the director directly 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 legal filing with the SEC, which is available at this link. Also, Director Andrea M. Clinton sold 3,800 shares of Timberland Bancorp stock in a transaction that occurred on Friday, July 25th. The shares were sold at an average price of $32.98, for a total value 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 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 made changes to their positions in the business. EverSource Wealth Advisors LLC raised its holdings in Timberland Bancorp by 20,325.0% during 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 in the last quarter. Tower Research Capital LLC TRC raised its holdings 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 in the last quarter. Strs Ohio bought a new stake in Timberland Bancorp during the first quarter worth approximately $33,000. Raymond James Financial Inc. bought a new stake in Timberland Bancorp during the second quarter worth approximately $62,000. Finally, Deutsche Bank AG bought a new stake in Timberland Bancorp during the fourth quarter worth approximately $76,000. 65.49% of the stock is currently owned by institutional investors and hedge funds.
About Timberland Bancorp
(
Get Free Report)
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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