Timberland Bancorp (NASDAQ:TSBK) Issues Earnings Results

Timberland Bancorp (NASDAQ:TSBK) posted its quarterly earnings data on Monday. The savings and loans company reported $1.04 earnings per share (EPS) for the quarter, Zacks reports. Timberland Bancorp had a net margin of 26.17% and a return on equity of 11.86%. The business had revenue of $21.71 million for the quarter.

Timberland Bancorp Stock Performance

TSBK opened at $37.42 on Wednesday. Timberland Bancorp has a twelve month low of $27.51 and a twelve month high of $38.28. The firm has a market capitalization of $294.87 million, a PE ratio of 9.69 and a beta of 0.36. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.08. The firm’s 50-day moving average price is $35.80 and its 200 day moving average price is $33.95.

Timberland Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 13th will be given a dividend of $0.29 per share. The ex-dividend date is Friday, February 13th. This is a boost from Timberland Bancorp’s previous quarterly dividend of $0.28. This represents a $1.16 dividend on an annualized basis and a yield of 3.1%. Timberland Bancorp’s dividend payout ratio (DPR) is presently 30.43%.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Timberland Bancorp from a “hold” rating to a “buy” rating in a research report on Saturday, December 13th. Weiss Ratings reiterated a “buy (b)” rating on shares of Timberland Bancorp in a research note on Monday, December 29th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy”.

Insider Buying and Selling

In other news, EVP Matthew J. Debord sold 5,195 shares of the company’s stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $37.51, for a total value of $194,864.45. Following the completion of the sale, the executive vice president directly owned 5,700 shares in the company, valued at $213,807. This represents a 47.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Michael John Stoney sold 1,000 shares of the business’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $36.99, for a total value of $36,990.00. Following the transaction, the director directly owned 9,040 shares in the company, valued at $334,389.60. This trade represents a 9.96% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 3.60% of the company’s stock.

Institutional Investors Weigh In On Timberland Bancorp

A number of hedge funds have recently modified their holdings of TSBK. EverSource Wealth Advisors LLC increased its position in 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 worth $25,000 after purchasing an additional 813 shares during the last quarter. Strs Ohio purchased a new stake in shares of Timberland Bancorp in the 1st quarter valued at approximately $33,000. Raymond James Financial Inc. acquired a new stake in shares of Timberland Bancorp during the 2nd quarter worth approximately $62,000. Tower Research Capital LLC TRC raised its position in shares of Timberland Bancorp by 610.2% during the 2nd 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 period. Finally, BNP Paribas Financial Markets raised its position in shares of Timberland Bancorp by 230.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,329 shares of the savings and loans company’s stock valued at $111,000 after buying an additional 2,321 shares during the period. Hedge funds and other institutional investors 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.