Wall Street Zen Downgrades Timberland Bancorp (NASDAQ:TSBK) to Hold

Timberland Bancorp (NASDAQ:TSBK) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Wednesday.

Timberland Bancorp Stock Performance

NASDAQ:TSBK opened at $30.39 on Wednesday. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.98 and a quick ratio of 0.98. The firm has a 50-day moving average of $30.24 and a two-hundred day moving average of $30.76. The stock has a market cap of $240.11 million, a P/E ratio of 9.83 and a beta of 0.46. Timberland Bancorp has a 1-year low of $24.26 and a 1-year high of $33.98.

Timberland Bancorp (NASDAQ:TSBK) last posted its quarterly earnings data on Tuesday, April 22nd. The savings and loans company reported $0.85 earnings per share for the quarter. The company had revenue of $19.90 million during the quarter. Timberland Bancorp had a net margin of 22.88% and a return on equity of 10.20%.

Institutional Investors Weigh In On Timberland Bancorp

A number of institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC raised its stake in shares of Timberland Bancorp by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 168,813 shares of the savings and loans company’s stock valued at $5,151,000 after purchasing an additional 435 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in shares of Timberland Bancorp by 158.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,053 shares of the savings and loans company’s stock valued at $32,000 after purchasing an additional 645 shares in the last quarter. Bridgeway Capital Management LLC raised its stake in shares of Timberland Bancorp by 0.5% in the 4th quarter. Bridgeway Capital Management LLC now owns 142,706 shares of the savings and loans company’s stock valued at $4,354,000 after purchasing an additional 705 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Timberland Bancorp by 6.2% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 13,701 shares of the savings and loans company’s stock valued at $413,000 after purchasing an additional 804 shares in the last quarter. Finally, Empowered Funds LLC raised its stake in shares of Timberland Bancorp by 1.9% in the 4th quarter. Empowered Funds LLC now owns 51,572 shares of the savings and loans company’s stock valued at $1,573,000 after purchasing an additional 950 shares in the last quarter. Institutional investors and hedge funds own 65.49% of the company’s stock.

Timberland Bancorp Company Profile

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, and commercial real estate loans; and construction lending products, such as custom and owner/builder, speculative one- to four-family, commercial, multi-family, land development, and land development.