Timberland Bancorp (NASDAQ:TSBK) Stock Price Crosses Above 200 Day Moving Average of $27.62

Timberland Bancorp, Inc. (NASDAQ:TSBK)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $27.62 and traded as high as $29.14. Timberland Bancorp shares last traded at $29.14, with a volume of 8,476 shares trading hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Timberland Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, August 25th.

Timberland Bancorp Price Performance

The firm has a 50-day moving average price of $28.36 and a 200-day moving average price of $27.62. The stock has a market cap of $235.89 million, a P/E ratio of 8.78 and a beta of 0.98. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.91 and a current ratio of 0.91.

Timberland Bancorp (NASDAQ:TSBK) last posted its quarterly earnings results on Tuesday, July 25th. The savings and loans company reported $0.77 earnings per share (EPS) for the quarter. The firm had revenue of $19.51 million during the quarter. Timberland Bancorp had a return on equity of 12.25% and a net margin of 31.78%.

Timberland Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 25th. Stockholders of record on Friday, August 11th were given a $0.23 dividend. The ex-dividend date was Thursday, August 10th. This represents a $0.92 annualized dividend and a dividend yield of 3.16%. Timberland Bancorp’s payout ratio is 27.71%.

Insider Activity

In related news, Director Andrea M. Clinton sold 1,000 shares of the company’s stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $31.64, for a total value of $31,640.00. Following the completion of the sale, the director now directly owns 5,965 shares of the company’s stock, valued at $188,732.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 5.60% of the company’s stock.

Hedge Funds Weigh In On Timberland Bancorp

A number of large investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP increased its position in shares of Timberland Bancorp by 1.4% during the first quarter. Dimensional Fund Advisors LP now owns 589,026 shares of the savings and loans company’s stock worth $15,916,000 after purchasing an additional 7,973 shares in the last quarter. BlackRock Inc. grew its stake in shares of Timberland Bancorp by 433.4% during the second quarter. BlackRock Inc. now owns 515,879 shares of the savings and loans company’s stock worth $13,196,000 after acquiring an additional 419,158 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Timberland Bancorp by 26.1% during the first quarter. The Manufacturers Life Insurance Company now owns 408,177 shares of the savings and loans company’s stock worth $11,025,000 after acquiring an additional 84,471 shares during the last quarter. Cutler Capital Management LLC grew its stake in shares of Timberland Bancorp by 1.9% during the second quarter. Cutler Capital Management LLC now owns 290,404 shares of the savings and loans company’s stock worth $7,429,000 after acquiring an additional 5,445 shares during the last quarter. Finally, Renaissance Technologies LLC grew its stake in shares of Timberland Bancorp by 1.2% during the first quarter. Renaissance Technologies LLC now owns 249,889 shares of the savings and loans company’s stock worth $6,752,000 after acquiring an additional 2,894 shares during the last quarter. 63.11% of the stock is owned by institutional investors and hedge funds.

About Timberland Bancorp

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.