Timberland Bancorp (NASDAQ:TSBK) Shares Pass Above Two Hundred Day Moving Average - Here's Why

Key Points

• Timberland Bancorp's stock price rose above its 200-day moving average, reaching a high of $32.90 during trading, with the last recorded price at $32.40.
• Wall Street Zen downgraded Timberland Bancorp's rating from "buy" to "hold" on May 21st, indicating a more cautious outlook on the stock.
• The company announced a quarterly dividend of $0.26, set to be paid on August 22nd, yielding an annualized dividend of 3.2%.

Timberland Bancorp, Inc. (NASDAQ:TSBK - Get Free Report) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $30.87 and traded as high as $32.90. Timberland Bancorp shares last traded at $32.40, with a volume of 11,813 shares.

Analyst Upgrades and Downgrades

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

Timberland Bancorp Stock Down 1.2%

The firm has a 50 day moving average of $32.01 and a 200 day moving average of $30.94. The firm has a market cap of $260.70 million, a price-to-earnings ratio of 9.71 and a beta of 0.51. 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 (NASDAQ:TSBK - Get Free Report) last released its earnings results on Tuesday, July 22nd. The savings and loans company reported $0.90 EPS for the quarter. Timberland Bancorp had a return on equity of 10.79% and a net margin of 24.19%.The business had revenue of $20.50 million during the quarter.

Timberland Bancorp Dividend Announcement

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

Insider Activity at Timberland Bancorp

In related news, Director Andrea M. Clinton sold 3,800 shares of the firm's stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $32.98, for a total transaction of $125,324.00. Following the completion of the sale, the director owned 8,210 shares of the company's stock, valued at $270,765.80. This trade represents a 31.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director David Alan Smith sold 836 shares of the firm's 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 sale, the director directly owned 17,768 shares of the company's stock, valued at $595,228. This represents a 4.49% decrease in their position. The disclosure for this sale can be found here. Company insiders own 3.70% of the company's stock.

Institutional Investors Weigh In On Timberland Bancorp

A number of hedge funds have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC grew its stake 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 valued at $63,000 after acquiring an additional 1,739 shares during the period. Jane Street Group LLC grew its stake in Timberland Bancorp by 5.7% in the second quarter. Jane Street Group LLC now owns 8,231 shares of the savings and loans company's stock valued at $257,000 after acquiring an additional 446 shares during the period. Raymond James Financial Inc. acquired a new stake in Timberland Bancorp in the second quarter valued at approximately $62,000. Fourthstone LLC acquired a new stake in Timberland Bancorp in the second quarter valued at approximately $402,000. Finally, Gabelli Funds LLC acquired a new stake in Timberland Bancorp in the second quarter valued at approximately $3,839,000. Institutional investors and hedge funds own 65.49% of the company's stock.

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.