Timberland Bancorp (NASDAQ:TSBK) Share Price Passes Above Two Hundred Day Moving Average - Here's Why

Key Points

• TSBK passed above its 200-day moving average, trading as high as $42.62 and last at $41.51 versus a 200-day MA of $35.97, on volume of about 62,817 shares, signaling a technical breakout.
• Recent quarterly results showed $1.04 EPS with a 11.73% return on equity and a 26.17% net margin; the stock trades at a P/E of 10.75 with a $327.1M market cap, and the company raised its quarterly dividend to $0.29 (annualized $1.16, ~2.8% yield).
• Analyst coverage averages a "Buy" rating despite some downgrades, while insiders have trimmed positions and institutional investors own roughly 65.5% of the shares.

Timberland Bancorp, Inc. (NASDAQ:TSBK - Get Free Report)'s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $35.97 and traded as high as $42.62. Timberland Bancorp shares last traded at $41.51, with a volume of 62,817 shares.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Timberland Bancorp in a research report on Friday, March 27th. Wall Street Zen cut Timberland Bancorp from a "buy" rating to a "hold" rating in a research report on Saturday, February 14th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of "Buy".

Timberland Bancorp Stock Up 0.0%

The business has a 50-day simple moving average of $38.93 and a two-hundred day simple moving average of $35.97. The company has a market cap of $327.10 million, a price-to-earnings ratio of 10.75 and a beta of 0.34. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.07.

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

Timberland Bancorp Increases Dividend

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

Insider Activity

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

Hedge Funds Weigh In On Timberland Bancorp

Large investors have recently made changes to their positions in the business. EverSource Wealth Advisors LLC lifted its position in shares of Timberland Bancorp by 20,325.0% during the 2nd 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 last quarter. Strs Ohio acquired a new position in shares of Timberland Bancorp during the 1st quarter worth about $33,000. Raymond James Financial Inc. acquired a new position in shares of Timberland Bancorp during the 2nd quarter worth about $62,000. Tower Research Capital LLC TRC increased its stake in Timberland Bancorp by 610.2% during the second quarter. Tower Research Capital LLC TRC now owns 2,024 shares of the savings and loans company's stock valued at $63,000 after acquiring an additional 1,739 shares during the period. Finally, CWM LLC increased its stake in Timberland Bancorp by 304.8% during the third quarter. CWM LLC now owns 1,935 shares of the savings and loans company's stock valued at $64,000 after acquiring an additional 1,457 shares during the period. Institutional investors and hedge funds own 65.49% of the company's stock.

About Timberland Bancorp

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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