Timberland Bancorp (NASDAQ:TSBK) Stock Price Crosses Above 200 Day Moving Average - Time to Sell?

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)'s share price passed 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 traded.

Analysts Set New Price Targets

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

Timberland Bancorp Trading Up 3.3%

The company has a market cap of $263.78 million, a price-to-earnings ratio of 9.82 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 firm's fifty day moving average price is $31.96 and its 200-day moving average price is $30.93.

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

Timberland Bancorp Dividend Announcement

The business also recently disclosed 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. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date was Friday, August 8th. Timberland Bancorp's payout ratio is currently 30.59%.

Insider Transactions at Timberland Bancorp

In related news, Director David Alan Smith sold 836 shares of Timberland Bancorp stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $33.50, for a total transaction of $28,006.00. Following the sale, 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Andrea M. Clinton sold 3,800 shares of Timberland Bancorp stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $32.98, for a total transaction of $125,324.00. Following the sale, 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. 3.70% of the stock is owned by insiders.

Institutional Investors Weigh In On Timberland Bancorp

Hedge funds and other institutional investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC raised its stake in shares of 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 valued at $25,000 after purchasing an additional 813 shares in the last quarter. Tower Research Capital LLC TRC raised its position in Timberland Bancorp by 158.1% in 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 acquiring an additional 645 shares in the last quarter. Strs Ohio bought a new stake in Timberland Bancorp in the first quarter worth about $33,000. Raymond James Financial Inc. bought a new stake in Timberland Bancorp in the second quarter worth about $62,000. Finally, Tower Research Capital LLC TRC raised its position 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 worth $63,000 after acquiring an additional 1,739 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.