Timberland Bancorp (NASDAQ:TSBK) Share Price Crosses Above Two Hundred Day Moving Average - What's Next?

Key Points

• Stock crossed above its 200-day moving average: TSBK traded as high as $41.57 and last at $41.40 on volume of 29,867 shares, above the 200-day MA of $36.27.
• Dividend increased: Timberland Bancorp raised its quarterly dividend to $0.29 (annualized $1.16), a 2.8% yield with a payout ratio around 30%.
• Insiders (EVP Matthew Debord and COO Jonathan Fischer) reduced their holdings in February, while the stock retains a MarketBeat consensus "Buy" despite a recent downgrade to "Hold"; the company has a market cap of $326.4M and a PE of 10.73.

Timberland Bancorp, Inc. (NASDAQ:TSBK - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $36.27 and traded as high as $41.57. Timberland Bancorp shares last traded at $41.40, with a volume of 29,867 shares traded.

Analysts Set New Price Targets

A number of brokerages have issued reports on TSBK. Wall Street Zen lowered shares of Timberland Bancorp from a "buy" rating to a "hold" rating in a research note on Saturday, February 14th. Weiss Ratings reiterated a "buy (b)" rating on shares of Timberland Bancorp in a research note on Friday, March 27th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy".

Timberland Bancorp Stock Performance

The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $326.40 million, a PE ratio of 10.73 and a beta of 0.34. The firm has a 50 day moving average price of $39.34 and a 200-day moving average price of $36.27.

Timberland Bancorp (NASDAQ:TSBK - Get Free Report) last issued its earnings results on Tuesday, January 27th. The savings and loans company reported $1.04 EPS for the quarter. Timberland Bancorp had a return on equity of 11.73% and a net margin of 26.17%.The firm had revenue of $21.71 million for the quarter.

Timberland Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 13th were paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 2.8%. The ex-dividend date was Friday, February 13th. This is a positive change from Timberland Bancorp's previous quarterly dividend of $0.28. Timberland Bancorp's dividend payout ratio (DPR) is presently 30.05%.

Insider Buying and Selling at Timberland Bancorp

In other news, EVP Matthew J. Debord sold 3,805 shares of the stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $39.53, for a total value of $150,411.65. Following the sale, the executive vice president owned 5,700 shares in the company, valued at $225,321. This represents a 40.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Jonathan Arthur Fischer sold 2,000 shares of the firm's stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $39.50, for a total transaction of $79,000.00. Following the transaction, the chief operating officer directly owned 6,550 shares of the company's stock, valued at approximately $258,725. This trade represents a 23.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 3.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Timberland Bancorp

A number of institutional investors have recently modified their holdings of the stock. Empowered Funds LLC boosted its stake in shares of Timberland Bancorp by 3.7% in the first quarter. Empowered Funds LLC now owns 53,481 shares of the savings and loans company's stock worth $1,612,000 after buying an additional 1,909 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of Timberland Bancorp during the 1st quarter valued at approximately $235,000. Strs Ohio acquired a new position in shares of Timberland Bancorp in the 1st quarter valued at $33,000. Geode Capital Management LLC boosted its holdings in Timberland Bancorp by 0.9% during the second quarter. Geode Capital Management LLC now owns 175,399 shares of the savings and loans company's stock worth $5,473,000 after buying an additional 1,484 shares in the last quarter. Finally, Rhumbline Advisers boosted its holdings in Timberland Bancorp by 4.4% during the second quarter. Rhumbline Advisers now owns 7,420 shares of the savings and loans company's stock worth $232,000 after buying an additional 315 shares in the last quarter. Hedge funds and other institutional investors own 65.49% of the company's stock.

Timberland Bancorp Company Profile

Timberland Bancorp, Inc is the bank holding company for Timberland Bank, a Washington-chartered commercial bank serving individuals and businesses in southwestern Washington. The company conducts its operations through Timberland Bank, offering a range of community banking services tailored to local market needs. As a publicly traded company on the NASDAQ under the symbol TSBK, Timberland Bancorp focuses on delivering personalized financial solutions while maintaining a community-oriented approach.

Timberland Bank's core products include deposit accounts such as checking, savings and money market accounts, certificates of deposit and retirement accounts.

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