Timberland Bancorp (NASDAQ:TSBK) Cut to Hold at Wall Street Zen

Wall Street Zen lowered shares of Timberland Bancorp (NASDAQ:TSBK) from a buy rating to a hold rating in a research note published on Saturday morning.

Separately, Weiss Ratings restated 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.com, Timberland Bancorp presently has an average rating of “Buy”.

Timberland Bancorp Price Performance

Timberland Bancorp stock opened at $39.05 on Friday. The company has a market capitalization of $307.71 million, a price-to-earnings ratio of 10.12 and a beta of 0.36. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.07. Timberland Bancorp has a 12 month low of $27.51 and a 12 month high of $40.41. The stock’s 50 day moving average is $37.12 and its 200-day moving average is $34.59.

Timberland Bancorp (NASDAQ:TSBK) last released its quarterly 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 return on equity of 11.73% and a net margin of 26.17%.The business had revenue of $21.71 million during the quarter.

Timberland Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 13th will be given a $0.29 dividend. The ex-dividend date is Friday, February 13th. This is an increase from Timberland Bancorp’s previous quarterly dividend of $0.28. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.0%. Timberland Bancorp’s dividend payout ratio (DPR) is 30.05%.

Insider Buying and Selling

In related news, Director Michael John Stoney sold 1,000 shares of the 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 sale, the director owned 9,040 shares in the company, valued at approximately $334,389.60. This trade represents a 9.96% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Jonathan Arthur Fischer sold 2,000 shares of Timberland Bancorp stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $39.50, for a total transaction of $79,000.00. Following the completion of the transaction, the chief operating officer directly owned 6,550 shares in the company, valued at $258,725. This trade represents a 23.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 12,000 shares of company stock valued at $461,266 over the last quarter. 3.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On Timberland Bancorp

Large investors have recently modified their holdings of the business. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Timberland Bancorp by 11.2% during the 2nd 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 last quarter. Gabelli Funds LLC bought a new position in Timberland Bancorp in the 2nd quarter valued at approximately $3,839,000. Seizert Capital Partners LLC acquired a new stake in Timberland Bancorp in the second quarter valued at approximately $231,000. De Lisle Partners LLP grew its stake in shares of Timberland Bancorp by 5.0% during the second quarter. De Lisle Partners LLP now owns 58,060 shares of the savings and loans company’s stock worth $1,818,000 after buying an additional 2,790 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its holdings 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 buying an additional 1,739 shares in 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.