Timberland Bancorp (NASDAQ:TSBK) Downgraded to Hold Rating by Wall Street Zen

Wall Street Zen lowered shares of Timberland Bancorp (NASDAQ:TSBK) from a buy rating to a hold rating in a research report report published on Saturday morning.

Separately, Weiss Ratings reiterated a “buy (b)” rating on shares of Timberland Bancorp in a research note on Monday, December 29th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy”.

Timberland Bancorp Stock Down 0.7%

Timberland Bancorp stock opened at $39.05 on Friday. The stock’s 50 day moving average price is $37.03 and its 200 day moving average price is $34.52. Timberland Bancorp has a 1-year low of $27.51 and a 1-year high of $40.41. The company has a market cap of $307.71 million, a PE ratio of 10.12 and a beta of 0.36. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.01 and a quick ratio of 1.00.

Timberland Bancorp (NASDAQ:TSBK) last released its earnings results on Tuesday, January 27th. The savings and loans company reported $1.04 EPS for the quarter. The company had revenue of $21.71 million during the quarter. Timberland Bancorp had a return on equity of 11.73% and a net margin of 26.17%.

Timberland Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 13th will be given a $0.29 dividend. The ex-dividend date is Friday, February 13th. This represents a $1.16 annualized dividend and a dividend yield of 3.0%. This is a boost from Timberland Bancorp’s previous quarterly dividend of $0.28. Timberland Bancorp’s payout ratio is presently 29.02%.

Insider Activity at Timberland Bancorp

In other Timberland Bancorp news, COO Jonathan Arthur Fischer sold 2,000 shares of the company’s stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $39.50, for a total value of $79,000.00. Following the sale, the chief operating officer owned 6,550 shares of the company’s stock, valued at $258,725. This represents a 23.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael John Stoney sold 1,000 shares of the stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $36.99, for a total transaction of $36,990.00. Following the completion of the sale, the director owned 9,040 shares in the company, valued at $334,389.60. This represents a 9.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 12,000 shares of company stock valued at $461,266. Insiders own 3.60% of the company’s stock.

Hedge Funds Weigh In On Timberland Bancorp

A number of institutional investors have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC boosted its stake in shares of Timberland Bancorp by 20,325.0% during the second quarter. EverSource Wealth Advisors LLC now owns 817 shares of the savings and loans company’s stock valued at $25,000 after acquiring an additional 813 shares during the last quarter. Strs Ohio purchased a new position in Timberland Bancorp in the 1st quarter valued at about $33,000. Raymond James Financial Inc. acquired a new stake in shares of Timberland Bancorp during the 2nd quarter worth about $62,000. Tower Research Capital LLC TRC grew its holdings in shares of Timberland Bancorp by 610.2% during the second quarter. Tower Research Capital LLC TRC now owns 2,024 shares of the savings and loans company’s stock worth $63,000 after buying an additional 1,739 shares in the last quarter. Finally, CWM LLC raised its position in shares of Timberland Bancorp by 304.8% in the third quarter. CWM LLC now owns 1,935 shares of the savings and loans company’s stock valued at $64,000 after buying an additional 1,457 shares during the last quarter. 65.49% of the stock is owned by institutional investors and hedge funds.

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.