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

Key Points

• Timberland Bancorp shares crossed above their 200-day moving average, trading as high as $46.59 and last quoted at $46.42, compared with the average of $41.16.
• Analyst sentiment remains positive: Weiss Ratings upgraded the stock to “buy (b+),” while the broader consensus rating is “Buy.” The company recently reported quarterly EPS of $0.98 on $21.1 million in revenue.
• Timberland Bancorp raised its quarterly dividend to $0.30 per share, or $1.20 annualized, representing a 2.6% yield and a 30.08% payout ratio.

Timberland Bancorp, Inc. (NASDAQ:TSBK - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $41.16 and traded as high as $46.59. Timberland Bancorp shares last traded at $46.42, with a volume of 24,647 shares.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of Timberland Bancorp from a "buy (b)" rating to a "buy (b+)" rating in a research report on Friday, July 31st. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy".

Timberland Bancorp Stock Up 0.9%

The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.07. The business has a 50-day simple moving average of $43.92 and a 200-day simple moving average of $41.16. The company has a market cap of $361.15 million, a PE ratio of 11.63 and a beta of 0.31.

Timberland Bancorp (NASDAQ:TSBK - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The savings and loans company reported $0.98 EPS for the quarter. The business had revenue of $21.10 million during the quarter. Timberland Bancorp had a return on equity of 11.79% and a net margin of 26.46%.

Timberland Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 24th. Investors of record on Monday, August 10th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Monday, August 10th. This is a boost from Timberland Bancorp's previous quarterly dividend of $0.29. Timberland Bancorp's payout ratio is presently 30.08%.

Insiders Place Their Bets

In other Timberland Bancorp news, Director David Alan Smith sold 1,000 shares of the company's stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $43.90, for a total transaction of $43,900.00. Following the completion of the transaction, the director directly owned 18,468 shares in the company, valued at approximately $810,745.20. This represents a 5.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.60% of the company's stock.

Institutional Trading of Timberland Bancorp

A number of institutional investors and hedge funds have recently modified their holdings of TSBK. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Timberland Bancorp during the 2nd quarter worth about $544,000. Davis Asset Management L.P. acquired a new stake in Timberland Bancorp in the 2nd quarter worth about $7,818,000. De Lisle Partners LLP purchased a new stake in Timberland Bancorp during the 2nd quarter worth approximately $2,922,000. Westport Asset Management Inc. purchased a new stake in Timberland Bancorp during the 2nd quarter worth approximately $3,626,000. Finally, BlackRock Inc. acquired a new position in shares of Timberland Bancorp during the second quarter valued at approximately $30,927,000. Hedge funds and other institutional investors 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source