Insider Selling: Timberland Bancorp (NASDAQ:TSBK) Director Sells $48,100.00 in Stock

Timberland Bancorp, Inc. (NASDAQ:TSBK) Director Kelly Suter sold 1,000 shares of the stock in a transaction dated Monday, November 9th. The stock was sold at an average price of $48.10, for a total value of $48,100.00. Following the sale, the director owned 3,180 shares of the company’s stock, valued at approximately $152,958. The trade was a 23.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Timberland Bancorp Trading Up 0.5%

Shares of NASDAQ:TSBK traded up $0.23 during midday trading on Tuesday, reaching $48.28. The company’s stock had a trading volume of 8,104 shares, compared to its average volume of 31,759. The firm has a market capitalization of $375.66 million, a price-to-earnings ratio of 12.19 and a beta of 0.34. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.00 and a current ratio of 1.00. The firm has a 50 day moving average price of $46.07 and a two-hundred day moving average price of $42.62. Timberland Bancorp, Inc. has a fifty-two week low of $32.34 and a fifty-two week high of $49.38.

Timberland Bancorp (NASDAQ:TSBK) last announced its earnings results on Thursday, October 29th. The savings and loans company reported $1.04 EPS for the quarter. Timberland Bancorp had a return on equity of 11.51% and a net margin of 26.18%. The company had revenue of $22.78 million for the quarter.

Timberland Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 27th. Shareholders of record on Thursday, November 12th will be paid a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 2.6%. This is a boost from Timberland Bancorp’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Thursday, November 12th. Timberland Bancorp’s payout ratio is presently 30.30%.

Hedge Funds Weigh In On Timberland Bancorp

Several institutional investors have recently made changes to their positions in TSBK. Bank of New York Mellon Corp grew its stake in shares of Timberland Bancorp by 2.0% in the 1st quarter. Bank of New York Mellon Corp now owns 23,722 shares of the savings and loans company’s stock worth $935,000 after acquiring an additional 470 shares in the last quarter. Legal & General Group Plc bought a new position in shares of Timberland Bancorp during the second quarter valued at about $31,000. Empowered Funds LLC lifted its position in shares of Timberland Bancorp by 2.0% during the second quarter. Empowered Funds LLC now owns 50,775 shares of the savings and loans company’s stock valued at $2,275,000 after purchasing an additional 975 shares in the last quarter. Hsbc Holdings PLC boosted its holdings in Timberland Bancorp by 11.8% during the second quarter. Hsbc Holdings PLC now owns 27,171 shares of the savings and loans company’s stock worth $1,209,000 after purchasing an additional 2,866 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in Timberland Bancorp by 50.0% during the third quarter. Russell Investments Group Ltd. now owns 8,631 shares of the savings and loans company’s stock worth $385,000 after purchasing an additional 2,877 shares during the last quarter. Institutional investors and hedge funds own 65.49% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of Timberland Bancorp from a “buy (a-)” rating to a “buy (a)” rating in a research report on Thursday, October 8th. One analyst has rated the stock with a Strong Buy rating. According to MarketBeat, the company currently has an average rating of “Strong Buy”.

Timberland Bancorp Company Profile

Timberland Bancorp, Inc. is the holding company for Timberland Bank, a community banking institution headquartered in Hoquiam, Washington. The bank serves individuals, families, businesses and public-sector organizations in communities across western Washington. Timberland Bank offers deposit products, including checking, savings, money market and certificate accounts, along with consumer and commercial lending. Its loan portfolio includes residential real estate, commercial real estate, construction and land development, agricultural, small-business and consumer loans.