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

Timberland Bancorp, Inc. (NASDAQ:TSBK) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $40.78 and traded as high as $45.31. Timberland Bancorp shares last traded at $44.75, with a volume of 29,878 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of Timberland Bancorp from a “buy (b)” rating to a “buy (b+)” rating in a report on Friday, July 31st. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy”.

Timberland Bancorp Price Performance

The company has a market capitalization of $350.39 million, a P/E ratio of 11.22 and a beta of 0.31. The business’s 50-day moving average is $43.32 and its two-hundred day moving average is $40.78. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.07.

Timberland Bancorp (NASDAQ:TSBK) last issued its quarterly earnings results on Wednesday, July 29th. The savings and loans company reported $0.98 EPS for the quarter. The business had revenue of $21.55 million for the quarter. Timberland Bancorp had a return on equity of 11.79% and a net margin of 26.46%.

Timberland Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 24th. Stockholders of record on Monday, August 10th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.7%. This is an increase from Timberland Bancorp’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Monday, August 10th. Timberland Bancorp’s payout ratio is presently 29.07%.

Insider Buying and Selling

In other news, Director David Alan Smith sold 1,000 shares of the firm’s stock in a transaction 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 completion of the transaction, the director directly owned 18,468 shares of the company’s stock, valued at $810,745.20. This trade represents a 5.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 3.60% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Rhumbline Advisers lifted its holdings in Timberland Bancorp by 4.4% during the second quarter. Rhumbline Advisers now owns 7,420 shares of the savings and loans company’s stock valued at $232,000 after purchasing an additional 315 shares in the last quarter. Jane Street Group LLC boosted its position in shares of 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 worth $257,000 after purchasing an additional 446 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Timberland Bancorp by 2.0% in the first quarter. Bank of New York Mellon Corp now owns 23,722 shares of the savings and loans company’s stock worth $935,000 after purchasing an additional 470 shares in the last quarter. Martingale Asset Management L P increased its stake in shares of Timberland Bancorp by 6.4% in the fourth 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 raised its position in shares of Timberland Bancorp by 3.2% during the 3rd quarter. Creative Planning now owns 24,808 shares of the savings and loans company’s stock valued at $826,000 after purchasing an additional 772 shares during the period. 65.49% of the stock is currently owned by hedge funds and other institutional investors.

Timberland Bancorp Company Profile

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.