Timberland Bancorp (NASDAQ:TSBK) Stock Price Passes Above 200-Day Moving Average – Here’s What Happened

Timberland Bancorp, Inc. (NASDAQ:TSBK) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $35.51 and traded as high as $38.19. Timberland Bancorp shares last traded at $37.66, with a volume of 24,214 shares changing hands.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Timberland Bancorp in a research report on Monday, December 29th. Wall Street Zen downgraded shares of Timberland Bancorp from a “buy” rating to a “hold” rating in a research note on Saturday, February 14th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Timberland Bancorp has a consensus rating of “Buy”.

Timberland Bancorp Price Performance

The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.01 and a current ratio of 1.01. The company’s fifty day moving average price is $38.04 and its 200 day moving average price is $35.51. The firm has a market capitalization of $296.76 million, a price-to-earnings ratio of 9.76 and a beta of 0.35.

Timberland Bancorp (NASDAQ:TSBK) last released its quarterly earnings data on Tuesday, January 27th. The savings and loans company reported $1.04 earnings per share 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 for the quarter.

Timberland Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 13th were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date was Friday, February 13th. This is a positive change from Timberland Bancorp’s previous quarterly dividend of $0.28. Timberland Bancorp’s payout ratio is currently 30.05%.

Insider Buying and Selling

In related news, EVP Matthew J. Debord sold 3,805 shares of the company’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $39.53, for a total transaction of $150,411.65. Following the completion of the transaction, the executive vice president directly owned 5,700 shares in the company, valued at $225,321. This represents a 40.03% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Jonathan Arthur Fischer sold 2,000 shares of the stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $39.50, for a total value of $79,000.00. Following the completion of the sale, the chief operating officer directly owned 6,550 shares in the company, valued at $258,725. This represents a 23.39% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 3.60% of the company’s stock.

Institutional Trading of Timberland Bancorp

Large investors have recently modified their holdings of the company. Empowered Funds LLC lifted its position in Timberland Bancorp by 3.7% in the 1st quarter. Empowered Funds LLC now owns 53,481 shares of the savings and loans company’s stock valued at $1,612,000 after purchasing an additional 1,909 shares during the last quarter. Jane Street Group LLC bought a new position in Timberland Bancorp in the 1st quarter worth about $235,000. Strs Ohio acquired a new stake in shares of Timberland Bancorp in the first quarter valued at approximately $33,000. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Timberland Bancorp by 11.2% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 15,230 shares of the savings and loans company’s stock valued at $475,000 after purchasing an additional 1,529 shares during the period. Finally, Geode Capital Management LLC raised its holdings in shares of Timberland Bancorp by 0.9% during the second quarter. Geode Capital Management LLC now owns 175,399 shares of the savings and loans company’s stock valued at $5,473,000 after buying an additional 1,484 shares during the last quarter. Institutional investors and hedge funds own 65.49% of the company’s stock.

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.