Timberland Bancorp (NASDAQ:TSBK) Downgraded by Wall Street Zen to “Hold”

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

Separately, Weiss Ratings reiterated a “buy (b)” rating on shares of Timberland Bancorp in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy”.

Timberland Bancorp Price Performance

Shares of NASDAQ TSBK opened at $39.05 on Friday. The stock has a market cap of $307.71 million, a P/E ratio of 10.12 and a beta of 0.36. The firm’s 50-day simple moving average is $37.03 and its 200 day simple moving average is $34.50. Timberland Bancorp has a fifty-two week low of $27.51 and a fifty-two week high of $40.41. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 0.07.

Timberland Bancorp (NASDAQ:TSBK) last announced its earnings results on Tuesday, January 27th. The savings and loans company reported $1.04 earnings per share (EPS) for the quarter. Timberland Bancorp had a net margin of 26.17% and a return on equity of 11.73%. The firm had revenue of $21.71 million during the quarter.

Insiders Place Their Bets

In related news, EVP Matthew J. Debord sold 3,805 shares of the company’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $39.53, for a total value of $150,411.65. Following the completion of the sale, the executive vice president owned 5,700 shares in the company, valued at approximately $225,321. This represents a 40.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael John Stoney sold 1,000 shares of the business’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $36.99, for a total transaction of $36,990.00. Following the sale, the director directly owned 9,040 shares in the company, valued at approximately $334,389.60. This trade represents a 9.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 12,000 shares of company stock worth $461,266. Company insiders own 3.60% of the company’s stock.

Institutional Investors Weigh In On Timberland Bancorp

Several hedge funds have recently bought and sold shares of TSBK. Fourthstone LLC lifted its position in shares of Timberland Bancorp by 207.5% in the fourth quarter. Fourthstone LLC now owns 109,687 shares of the savings and loans company’s stock worth $3,927,000 after purchasing an additional 74,011 shares in the last quarter. State Street Corp boosted its stake in shares of Timberland Bancorp by 1.9% during the 4th quarter. State Street Corp now owns 126,758 shares of the savings and loans company’s stock valued at $4,538,000 after buying an additional 2,322 shares during the period. Martingale Asset Management L P grew its holdings in shares of Timberland Bancorp by 6.4% during the 4th quarter. Martingale Asset Management L P now owns 11,619 shares of the savings and loans company’s stock valued at $416,000 after acquiring an additional 700 shares in the last quarter. Wells Fargo & Company MN increased its stake in shares of Timberland Bancorp by 30.6% in the fourth quarter. Wells Fargo & Company MN now owns 11,281 shares of the savings and loans company’s stock worth $404,000 after acquiring an additional 2,642 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in shares of Timberland Bancorp by 9.2% during the fourth quarter. Goldman Sachs Group Inc. now owns 64,383 shares of the savings and loans company’s stock worth $2,305,000 after acquiring an additional 5,408 shares in the last quarter. 65.49% of the stock is owned by hedge funds and other institutional investors.

About Timberland Bancorp

Timberland Bancorp, Inc is the bank holding company for Timberland Bank, a Washington-chartered commercial bank serving individuals and businesses in southwestern Washington. The company conducts its operations through Timberland Bank, offering a range of community banking services tailored to local market needs. As a publicly traded company on the NASDAQ under the symbol TSBK, Timberland Bancorp focuses on delivering personalized financial solutions while maintaining a community-oriented approach.

Timberland Bank’s core products include deposit accounts such as checking, savings and money market accounts, certificates of deposit and retirement accounts.