Timberland Bancorp (NASDAQ:TSBK) Shares Pass Above Two Hundred Day Moving Average – Here’s What Happened

Timberland Bancorp, Inc. (NASDAQ:TSBK)’s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $35.07 and traded as high as $39.04. Timberland Bancorp shares last traded at $38.71, with a volume of 27,594 shares.

Analyst Upgrades and Downgrades

TSBK has been the topic of a number of analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of Timberland Bancorp in a research report on Monday, December 29th. Wall Street Zen downgraded shares of Timberland Bancorp from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Timberland Bancorp has an average rating of “Buy”.

Timberland Bancorp Stock Performance

The stock has a market cap of $307.71 million, a price-to-earnings ratio of 10.12 and a beta of 0.35. 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 company has a 50 day simple moving average of $37.57 and a 200 day simple moving average of $35.14.

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

Timberland Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 13th were issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 3.0%. This is an increase from Timberland Bancorp’s previous quarterly dividend of $0.28. The ex-dividend date was Friday, February 13th. Timberland Bancorp’s dividend payout ratio (DPR) is presently 30.05%.

Insiders Place Their Bets

In related news, COO Jonathan Arthur Fischer sold 2,000 shares of the stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $39.50, for a total value of $79,000.00. Following the completion of the sale, the chief operating officer directly owned 6,550 shares in the company, valued at $258,725. This represents a 23.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Matthew J. Debord sold 3,805 shares of the company’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $39.53, for a total value of $150,411.65. Following the completion of the sale, the executive vice president owned 5,700 shares in the company, valued at $225,321. The trade was a 40.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 12,000 shares of company stock valued at $461,266 in the last ninety days. 3.60% of the stock is currently owned by insiders.

Institutional Trading of Timberland Bancorp

Several large investors have recently modified their holdings of TSBK. Rhumbline Advisers lifted its position in shares of Timberland Bancorp by 4.4% during the 2nd quarter. Rhumbline Advisers now owns 7,420 shares of the savings and loans company’s stock valued at $232,000 after acquiring an additional 315 shares during the period. Jane Street Group LLC increased its stake 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 valued at $257,000 after purchasing an additional 446 shares in the last quarter. LSV Asset Management raised its holdings in shares of Timberland Bancorp by 7.2% during the third quarter. LSV Asset Management now owns 10,400 shares of the savings and loans company’s stock valued at $346,000 after purchasing an additional 700 shares during the period. Martingale Asset Management L P boosted its position in shares of Timberland Bancorp by 6.4% during the 4th quarter. Martingale Asset Management L P now owns 11,619 shares of the savings and loans company’s stock worth $416,000 after purchasing an additional 700 shares in the last quarter. Finally, Creative Planning grew its stake in shares of Timberland Bancorp by 3.2% in the 3rd quarter. Creative Planning now owns 24,808 shares of the savings and loans company’s stock valued at $826,000 after buying an additional 772 shares during the period. Institutional investors and hedge funds 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.