Timberland Bancorp (NASDAQ:TSBK) Stock Crosses Above 200-Day Moving Average – Should You Sell?

Timberland Bancorp, Inc. (NASDAQ:TSBK)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $32.59 and traded as high as $34.62. Timberland Bancorp shares last traded at $34.41, with a volume of 13,560 shares changing hands.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “buy (b)” rating on shares of Timberland Bancorp in a research note on Monday, December 1st. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy”.

Timberland Bancorp Stock Down 0.6%

The business’s 50 day moving average is $32.89 and its 200 day moving average is $32.59. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.08. The company has a market cap of $271.84 million, a P/E ratio of 9.35 and a beta of 0.36.

Timberland Bancorp (NASDAQ:TSBK) last announced its quarterly earnings results on Friday, October 31st. The savings and loans company reported $1.07 earnings per share (EPS) for the quarter. The business had revenue of $22.49 million for the quarter. Timberland Bancorp had a return on equity of 11.54% and a net margin of 25.44%.

Timberland Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 28th. Shareholders of record on Friday, November 14th were issued a $0.28 dividend. This is a boost from Timberland Bancorp’s previous quarterly dividend of $0.26. This represents a $1.12 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date was Friday, November 14th. Timberland Bancorp’s dividend payout ratio is presently 30.43%.

Institutional Trading of Timberland Bancorp

A number of institutional investors have recently modified their holdings of TSBK. EverSource Wealth Advisors LLC raised its stake in shares of Timberland Bancorp by 20,325.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 817 shares of the savings and loans company’s stock worth $25,000 after acquiring an additional 813 shares in the last quarter. Strs Ohio acquired a new stake in Timberland Bancorp in the first quarter valued at approximately $33,000. Raymond James Financial Inc. purchased a new position in Timberland Bancorp in the second quarter worth $62,000. Tower Research Capital LLC TRC increased its position in shares of Timberland Bancorp by 610.2% during the second quarter. Tower Research Capital LLC TRC now owns 2,024 shares of the savings and loans company’s stock worth $63,000 after purchasing an additional 1,739 shares in the last quarter. Finally, CWM LLC increased its position in shares of Timberland Bancorp by 304.8% during the third quarter. CWM LLC now owns 1,935 shares of the savings and loans company’s stock worth $64,000 after purchasing an additional 1,457 shares in the last quarter. 65.49% of the stock is currently owned by institutional investors.

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, 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.