Timberland Bancorp (NASDAQ:TSBK) Shares Cross Above 200-Day Moving Average – Here’s Why

Timberland Bancorp, Inc. (NASDAQ:TSBK)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $31.78 and traded as high as $32.00. Timberland Bancorp shares last traded at $31.57, with a volume of 12,195 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “buy (b)” rating on shares of Timberland Bancorp in a research note on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy”.

Timberland Bancorp Price Performance

The stock’s 50-day moving average price is $33.44 and its 200 day moving average price is $31.78. The firm has a market capitalization of $249.40 million, a price-to-earnings ratio of 9.29 and a beta of 0.52. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.08.

Timberland Bancorp (NASDAQ:TSBK) last issued its earnings results on Tuesday, July 22nd. The savings and loans company reported $0.90 EPS for the quarter. Timberland Bancorp had a net margin of 24.19% and a return on equity of 10.79%. The business had revenue of $20.50 million during the quarter.

Timberland Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Friday, August 8th were given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 3.3%. The ex-dividend date was Friday, August 8th. Timberland Bancorp’s dividend payout ratio (DPR) is presently 30.59%.

Insider Activity

In related news, Director Andrea M. Clinton sold 3,800 shares of Timberland Bancorp stock in a transaction that occurred on Friday, July 25th. The shares were sold at an average price of $32.98, for a total value of $125,324.00. Following the completion of the transaction, the director owned 8,210 shares in the company, valued at approximately $270,765.80. The trade was a 31.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director David Alan Smith sold 836 shares of Timberland Bancorp stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $33.50, for a total transaction of $28,006.00. Following the completion of the transaction, the director owned 17,768 shares of the company’s stock, valued at $595,228. This trade represents a 4.49% decrease in their position. The disclosure for this sale can be found here. Company insiders own 3.70% of the company’s stock.

Institutional Trading of Timberland Bancorp

Several institutional investors have recently modified their holdings of the stock. Osaic Holdings Inc. lifted its position in shares of Timberland Bancorp by 3.9% during the 2nd quarter. Osaic Holdings Inc. now owns 67,751 shares of the savings and loans company’s stock worth $2,114,000 after buying an additional 2,551 shares during the last quarter. Tower Research Capital LLC TRC lifted 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 worth $63,000 after buying an additional 1,739 shares during the last quarter. Jane Street Group LLC increased its holdings in shares of Timberland Bancorp by 5.7% in the 2nd quarter. Jane Street Group LLC now owns 8,231 shares of the savings and loans company’s stock valued at $257,000 after acquiring an additional 446 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Timberland Bancorp in the 2nd quarter valued at $62,000. Finally, Fourthstone LLC acquired a new position in shares of Timberland Bancorp in the 2nd quarter valued at $402,000. Hedge funds and other institutional investors 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.