Timberland Bancorp’s (TSBK) “Buy (B)” Rating Reiterated at Weiss Ratings

Weiss Ratings reissued their buy (b) rating on shares of Timberland Bancorp (NASDAQ:TSBK) in a research note published on Wednesday,Weiss Ratings reports.

Timberland Bancorp Stock Down 2.4%

TSBK opened at $31.20 on Wednesday. Timberland Bancorp has a fifty-two week low of $27.51 and a fifty-two week high of $38.08. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.99 and a current ratio of 0.99. The company has a fifty day moving average of $33.44 and a two-hundred day moving average of $31.76. The stock has a market capitalization of $246.48 million, a price-to-earnings ratio of 9.18 and a beta of 0.52.

Timberland Bancorp (NASDAQ:TSBK) last released its quarterly earnings data on Tuesday, July 22nd. The savings and loans company reported $0.90 earnings per share 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 Announces Dividend

The business also recently announced 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. The ex-dividend date of this dividend was Friday, August 8th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.3%. Timberland Bancorp’s payout ratio is currently 30.59%.

Insider Transactions at Timberland Bancorp

In other news, Director David Alan Smith sold 836 shares of the business’s 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 completion of the sale, the director owned 17,768 shares of the company’s stock, valued at $595,228. The trade was a 4.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 transaction of $125,324.00. Following the sale, the director directly owned 8,210 shares of the company’s stock, valued at $270,765.80. This represents a 31.64% decrease in their position. The disclosure for this sale can be found here. 3.70% of the stock is owned by insiders.

Institutional Trading of Timberland Bancorp

Institutional investors and hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC increased its stake in shares of Timberland Bancorp by 22,400.0% during the first quarter. GAMMA Investing LLC now owns 2,925 shares of the savings and loans company’s stock worth $97,000 after purchasing an additional 2,912 shares in the last quarter. Bank of America Corp DE increased its stake in shares of Timberland Bancorp by 14.3% during the fourth quarter. Bank of America Corp DE now owns 17,767 shares of the savings and loans company’s stock worth $542,000 after purchasing an additional 2,220 shares in the last quarter. Royce & Associates LP increased its stake in shares of Timberland Bancorp by 19.0% during the first quarter. Royce & Associates LP now owns 275,926 shares of the savings and loans company’s stock worth $8,319,000 after purchasing an additional 44,086 shares in the last quarter. Nuveen LLC acquired a new position in Timberland Bancorp during the first quarter worth about $381,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its position in Timberland Bancorp by 6.2% during 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. Hedge funds and other institutional investors 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.