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

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%.

Timberland Bancorp, Inc. (NASDAQ:TSBK - Get Free Report) shares crossed 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.

Timberland Bancorp Stock Down 2.3%

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 has a market cap of $275.71 million, a price-to-earnings ratio of 10.26 and a beta of 0.51. The firm's 50 day moving average price is $33.20 and its two-hundred day moving average price is $31.44.

Timberland Bancorp (NASDAQ:TSBK - Get Free Report) last announced its quarterly earnings data 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 during the quarter.

Timberland Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Stockholders 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 3.0%. The ex-dividend date of this dividend was Friday, August 8th. Timberland Bancorp's dividend payout ratio (DPR) is 30.59%.

Insider Buying and Selling

In related news, Director Andrea M. Clinton sold 3,800 shares of Timberland Bancorp stock in a transaction on Friday, July 25th. The shares were sold at an average price of $32.98, for a total transaction of $125,324.00. Following the transaction, 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director David Alan Smith sold 836 shares of Timberland Bancorp stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of $33.50, for a total transaction of $28,006.00. Following the transaction, the director owned 17,768 shares in the company, valued at $595,228. The trade was 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

Hedge funds and other institutional investors have recently modified their holdings of the stock. Rhumbline Advisers lifted its holdings in Timberland Bancorp by 4.4% in the second quarter. Rhumbline Advisers now owns 7,420 shares of the savings and loans company's stock worth $232,000 after acquiring an additional 315 shares during the last quarter. Jane Street Group LLC lifted its holdings 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 worth $257,000 after acquiring an additional 446 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Timberland Bancorp by 6.2% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 13,701 shares of the savings and loans company's stock worth $413,000 after acquiring an additional 804 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Timberland Bancorp by 20,325.0% in the second quarter. EverSource Wealth Advisors LLC now owns 817 shares of the savings and loans company's stock worth $25,000 after acquiring an additional 813 shares during the last quarter. Finally, M3F Inc. lifted its holdings in Timberland Bancorp by 0.5% in the second quarter. M3F Inc. now owns 171,401 shares of the savings and loans company's stock worth $5,348,000 after acquiring an additional 928 shares during the last quarter. Institutional investors 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.