Insider Selling: Timberland Bancorp (NASDAQ:TSBK) Director Sells $43,900.00 in Stock

Timberland Bancorp, Inc. (NASDAQ:TSBK) Director David Alan Smith sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of $43.90, for a total value of $43,900.00. Following the transaction, the director directly owned 18,468 shares in the company, valued at approximately $810,745.20. This trade represents a 5.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Timberland Bancorp Stock Up 1.5%

Shares of NASDAQ:TSBK opened at $44.80 on Friday. The business’s 50 day simple moving average is $41.24 and its two-hundred day simple moving average is $39.20. The firm has a market cap of $350.78 million, a P/E ratio of 11.46 and a beta of 0.32. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.01 and a current ratio of 1.01. Timberland Bancorp, Inc. has a 52-week low of $30.50 and a 52-week high of $45.28.

Timberland Bancorp (NASDAQ:TSBK) last announced its quarterly earnings data on Thursday, April 30th. The savings and loans company reported $0.90 EPS for the quarter. The firm had revenue of $20.90 million during the quarter. Timberland Bancorp had a return on equity of 11.67% and a net margin of 26.22%.

Timberland Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Friday, May 8th were issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date was Friday, May 8th. Timberland Bancorp’s dividend payout ratio (DPR) is currently 29.67%.

Hedge Funds Weigh In On Timberland Bancorp

A number of hedge funds have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC increased its holdings in Timberland Bancorp by 20,325.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 817 shares of the savings and loans company’s stock worth $25,000 after purchasing an additional 813 shares in the last quarter. Strs Ohio bought a new position in shares of Timberland Bancorp in the first quarter valued at approximately $33,000. Raymond James Financial Inc. purchased a new position in shares of Timberland Bancorp during the second quarter valued at approximately $62,000. Tower Research Capital LLC TRC boosted its position 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 valued at $63,000 after buying an additional 1,739 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its holdings in Timberland Bancorp by 230.3% during the third quarter. BNP Paribas Financial Markets now owns 3,329 shares of the savings and loans company’s stock worth $111,000 after buying an additional 2,321 shares in the last quarter. Institutional investors and hedge funds own 65.49% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “buy (b)” rating on shares of Timberland Bancorp in a research note on Wednesday. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, Timberland Bancorp has a consensus rating of “Buy”.

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.