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

Timberland Bancorp, Inc. (NASDAQ:TSBK)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $35.70 and traded as high as $39.53. Timberland Bancorp shares last traded at $39.21, with a volume of 19,313 shares.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on TSBK. Weiss Ratings restated a “buy (b)” rating on shares of Timberland Bancorp in a 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 analyst has rated the stock with a Buy rating, According to MarketBeat.com, Timberland Bancorp has a consensus rating of “Buy”.

Timberland Bancorp Stock Down 0.8%

The firm’s 50 day moving average price is $38.44 and its two-hundred day moving average price is $35.73. The firm has a market capitalization of $306.61 million, a PE ratio of 10.08 and a beta of 0.35. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.07.

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. The firm had revenue of $21.71 million for the quarter. Timberland Bancorp had a net margin of 26.17% and a return on equity of 11.73%.

Timberland Bancorp Increases Dividend

The firm also recently announced 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. The ex-dividend date of this dividend was Friday, February 13th. This is a positive change 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 is presently 30.05%.

Insider Transactions at Timberland Bancorp

In other Timberland Bancorp news, COO Jonathan Arthur Fischer sold 2,000 shares of Timberland Bancorp stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $39.50, for a total transaction of $79,000.00. Following the sale, the chief operating officer directly owned 6,550 shares in the company, valued at $258,725. The trade was a 23.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction, the executive vice president directly owned 5,700 shares in the company, valued at approximately $225,321. The trade was a 40.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 3.60% of the company’s stock.

Institutional Trading of Timberland Bancorp

A number of hedge funds have recently made changes to their positions in TSBK. EverSource Wealth Advisors LLC increased its stake in shares of Timberland Bancorp by 20,325.0% in the second quarter. EverSource Wealth Advisors LLC now owns 817 shares of the savings and loans company’s stock worth $25,000 after buying an additional 813 shares during the last quarter. Strs Ohio bought a new position in Timberland Bancorp during the 1st quarter valued at $33,000. Raymond James Financial Inc. acquired a new position in Timberland Bancorp during the 2nd quarter worth $62,000. Tower Research Capital LLC TRC grew its holdings in Timberland Bancorp by 610.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,024 shares of the savings and loans company’s stock worth $63,000 after acquiring an additional 1,739 shares in the last quarter. Finally, CWM LLC increased its position in shares of Timberland Bancorp by 304.8% in the 3rd 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 during the last quarter. Institutional investors and hedge funds own 65.49% of the company’s stock.

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.