Timberland Bancorp (NASDAQ:TSBK) Stock Price Crosses Above 200 Day Moving Average - Here's What Happened

Timberland Bancorp, Inc. (NASDAQ:TSBK - Get Free Report)'s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $30.46 and traded as high as $32.76. Timberland Bancorp shares last traded at $32.33, with a volume of 11,362 shares changing hands.

Wall Street Analyst Weigh In

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

Timberland Bancorp Price Performance

The business's 50-day moving average price is $31.35 and its 200 day moving average price is $30.56. The company has a market capitalization of $260.07 million, a P/E ratio of 9.68 and a beta of 0.47. 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 posted 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 return on equity of 10.87% and a net margin of 24.19%. The firm had revenue of $20.50 million during the quarter.

Timberland Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 22nd. Shareholders of record on Friday, August 8th will be paid a $0.26 dividend. The ex-dividend date of this dividend is Friday, August 8th. This represents a $1.04 dividend on an annualized basis and a yield of 3.16%. Timberland Bancorp's payout ratio is 30.59%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of TSBK. JPMorgan Chase & Co. boosted its stake in Timberland Bancorp by 91.5% during the fourth quarter. JPMorgan Chase & Co. now owns 27,366 shares of the savings and loans company's stock worth $835,000 after buying an additional 13,072 shares during the last quarter. Geode Capital Management LLC lifted its position in Timberland Bancorp by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 168,813 shares of the savings and loans company's stock worth $5,151,000 after acquiring an additional 435 shares during the period. Wells Fargo & Company MN lifted its holdings in shares of Timberland Bancorp by 16.1% in the 4th quarter. Wells Fargo & Company MN now owns 6,959 shares of the savings and loans company's stock valued at $212,000 after buying an additional 964 shares during the period. Kennedy Capital Management LLC increased its stake in Timberland Bancorp by 35.2% in the 4th quarter. Kennedy Capital Management LLC now owns 57,124 shares of the savings and loans company's stock valued at $1,743,000 after purchasing an additional 14,875 shares in the last quarter. Finally, Barclays PLC boosted its holdings in shares of Timberland Bancorp by 7.7% during the fourth quarter. Barclays PLC now owns 21,159 shares of the savings and loans company's stock worth $645,000 after purchasing an additional 1,516 shares during the last quarter. 65.49% of the stock is currently owned by hedge funds and other institutional investors.

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.