Timberland Bancorp (NASDAQ:TSBK) Stock Price Crosses Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• Timberland Bancorp's stock has recently surpassed its 200-day moving average, trading at $36.47, indicating bullish momentum in the market.
• Wall Street analyst downgrades Timberland Bancorp from a "buy" to a "hold" rating, signaling potential caution for investors.
• The company declared a quarterly dividend of $0.26, reflecting a yield of 2.9% and a low payout ratio of 30.59%.

Shares of Timberland Bancorp, Inc. (NASDAQ:TSBK - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $31.31 and traded as high as $36.73. Timberland Bancorp shares last traded at $36.47, with a volume of 8,748 shares.

Wall Street Analyst Weigh In

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 0.1%

The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.08. The firm's 50-day simple moving average is $32.96 and its 200 day simple moving average is $31.31. The stock has a market capitalization of $288.11 million, a P/E ratio of 10.73 and a beta of 0.51.

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

Timberland Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Friday, August 8th were given a $0.26 dividend. The ex-dividend date was Friday, August 8th. This represents a $1.04 annualized dividend and a yield of 2.9%. Timberland Bancorp's payout ratio is 30.59%.

Insider Activity

In other Timberland Bancorp news, Director David Alan Smith sold 836 shares of the business's stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $33.50, for a total transaction of $28,006.00. Following the sale, the director owned 17,768 shares in the company, valued at approximately $595,228. The trade was a 4.49% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Andrea M. Clinton sold 3,800 shares of the business's stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $32.98, for a total value of $125,324.00. Following the sale, the director owned 8,210 shares in the company, valued at approximately $270,765.80. The trade was a 31.64% decrease in their position. The disclosure for this sale can be found here. 3.70% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Timberland Bancorp

A number of large investors have recently made changes to their positions in the business. Royce & Associates LP increased its holdings in shares of Timberland Bancorp by 19.0% in the 1st quarter. Royce & Associates LP now owns 275,926 shares of the savings and loans company's stock valued at $8,319,000 after purchasing an additional 44,086 shares during the period. Geode Capital Management LLC increased its holdings in shares of Timberland Bancorp by 0.9% in the 2nd quarter. Geode Capital Management LLC now owns 175,399 shares of the savings and loans company's stock valued at $5,473,000 after purchasing an additional 1,484 shares during the period. M3F Inc. increased its holdings in shares of Timberland Bancorp by 0.5% in the 2nd quarter. M3F Inc. now owns 171,401 shares of the savings and loans company's stock valued at $5,348,000 after purchasing an additional 928 shares during the period. Keeley Teton Advisors LLC increased its holdings in shares of Timberland Bancorp by 1.9% in the 1st quarter. Keeley Teton Advisors LLC now owns 137,969 shares of the savings and loans company's stock valued at $4,160,000 after purchasing an additional 2,613 shares during the period. Finally, Gabelli Funds LLC acquired a new position in shares of Timberland Bancorp in the 2nd quarter valued at about $3,839,000. Institutional investors and hedge funds own 65.49% of the company's stock.

About Timberland Bancorp

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.