Timberland Bancorp (NASDAQ:TSBK) Receives New Coverage from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Timberland Bancorp (NASDAQ:TSBKGet Rating) in a report issued on Friday. The brokerage set a “buy” rating on the savings and loans company’s stock.

Shares of Timberland Bancorp stock opened at $25.69 on Friday. The company has a 50 day moving average of $26.87 and a 200-day moving average of $27.62. Timberland Bancorp has a 1-year low of $25.55 and a 1-year high of $30.11. The company has a current ratio of 0.99, a quick ratio of 0.98 and a debt-to-equity ratio of 0.02. The company has a market cap of $214.51 million, a PE ratio of 9.11 and a beta of 1.16.

In related news, COO Jonathan Arthur Fischer sold 2,500 shares of the stock in a transaction that occurred on Tuesday, March 15th. The shares were sold at an average price of $28.01, for a total value of $70,025.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 5.40% of the stock is owned by corporate insiders.

Large investors have recently modified their holdings of the stock. Acadian Asset Management LLC lifted its stake in Timberland Bancorp by 156.7% in the 1st quarter. Acadian Asset Management LLC now owns 4,797 shares of the savings and loans company’s stock valued at $128,000 after purchasing an additional 2,928 shares during the last quarter. CWM LLC bought a new position in Timberland Bancorp in the 4th quarter valued at approximately $154,000. Two Sigma Advisers LP bought a new position in shares of Timberland Bancorp during the third quarter valued at $327,000. Russell Investments Group Ltd. lifted its holdings in shares of Timberland Bancorp by 6.5% during the third quarter. Russell Investments Group Ltd. now owns 21,462 shares of the savings and loans company’s stock worth $620,000 after purchasing an additional 1,313 shares during the period. Finally, Susquehanna International Group LLP lifted its holdings in shares of Timberland Bancorp by 139.7% during the fourth quarter. Susquehanna International Group LLP now owns 24,834 shares of the savings and loans company’s stock worth $688,000 after purchasing an additional 14,473 shares during the period. 62.86% of the stock is owned by institutional investors and hedge funds.

Timberland Bancorp Company Profile (Get Rating)

Timberland Bancorp, Inc operates as the bank holding company for Timberland Bank that provides various community banking services in Washington. It offers various deposit products, including money market deposit, checking, and regular savings accounts, as well as certificates of deposit. The company also provides one-to four-family residential, multi-family, commercial real estate, construction, custom and owner/builder construction, speculative one- to four-family construction, commercial construction, multi-family construction, land development construction, and land development loans.

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