Timberland Bancorp (NASDAQ:TSBK) Releases Earnings Results

Timberland Bancorp (NASDAQ:TSBK) posted its earnings results on Monday. The savings and loans company reported $1.04 EPS for the quarter, Zacks reports. Timberland Bancorp had a return on equity of 11.43% and a net margin of 25.44%.

Timberland Bancorp Stock Down 0.5%

TSBK opened at $36.53 on Tuesday. The stock has a market cap of $287.86 million, a P/E ratio of 9.93 and a beta of 0.36. The stock’s 50 day moving average price is $35.70 and its 200 day moving average price is $33.92. Timberland Bancorp has a 12 month low of $27.51 and a 12 month high of $38.28. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.00 and a quick ratio of 1.00.

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 given a $0.28 dividend. This is a positive change from Timberland Bancorp’s previous quarterly dividend of $0.26. The ex-dividend date was Friday, November 14th. This represents a $1.12 annualized dividend and a yield of 3.1%. Timberland Bancorp’s payout ratio is currently 30.43%.

Analyst Upgrades and Downgrades

TSBK has been the subject of several recent research reports. Wall Street Zen raised Timberland Bancorp from a “hold” rating to a “buy” rating in a report on Saturday, December 13th. Weiss Ratings reiterated a “buy (b)” rating on shares of Timberland Bancorp in a research note on Monday, December 29th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy”.

Insiders Place Their Bets

In other Timberland Bancorp news, Director Michael John Stoney sold 1,000 shares of Timberland Bancorp stock in a transaction that occurred 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 transaction, the director directly owned 9,040 shares in the company, valued at approximately $334,389.60. The trade was a 9.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Matthew J. Debord sold 5,195 shares of the stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $37.51, for a total transaction of $194,864.45. Following the completion of the sale, the executive vice president directly owned 5,700 shares of the company’s stock, valued at $213,807. This trade represents a 47.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 3.60% of the company’s stock.

Hedge Funds Weigh In On Timberland Bancorp

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Gamco Investors INC. ET AL acquired a new stake in Timberland Bancorp in the 2nd quarter valued at $465,000. Citadel Advisors LLC acquired a new position in shares of Timberland Bancorp during the 3rd quarter worth approximately $327,000. Barclays PLC lifted its position in Timberland Bancorp by 36.1% during the third quarter. Barclays PLC now owns 30,966 shares of the savings and loans company’s stock worth $1,031,000 after purchasing an additional 8,209 shares during the period. Jane Street Group LLC acquired a new stake in shares of Timberland Bancorp in the 1st quarter valued at $235,000. Finally, Raymond James Financial Inc. lifted its stake in Timberland Bancorp by 355.0% in the 3rd quarter. Raymond James Financial Inc. now owns 9,100 shares of the savings and loans company’s stock valued at $303,000 after purchasing an additional 7,100 shares during the last quarter. 65.49% of the stock is owned by institutional investors and hedge funds.

Timberland Bancorp Company Profile

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.