Timberland Bancorp (NASDAQ:TSBK) Director Kelly Suter Sells 1,000 Shares of Stock

Timberland Bancorp, Inc. (NASDAQ:TSBK) Director Kelly Suter sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, November 9th. The shares were sold at an average price of $48.10, for a total value of $48,100.00. Following the completion of the transaction, the director directly owned 3,180 shares in the company, valued at $152,958. The trade was a 23.92% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Timberland Bancorp Stock Performance

NASDAQ:TSBK opened at $48.37 on Wednesday. The stock has a market cap of $376.32 million, a P/E ratio of 12.14 and a beta of 0.34. The stock has a 50 day simple moving average of $46.13 and a 200 day simple moving average of $42.68. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.04. Timberland Bancorp, Inc. has a 1-year low of $32.34 and a 1-year high of $49.38.

Timberland Bancorp (NASDAQ:TSBK) last issued its quarterly earnings data on Thursday, October 29th. The savings and loans company reported $1.04 EPS for the quarter. The firm had revenue of $22.78 million for the quarter. Timberland Bancorp had a return on equity of 11.51% and a net margin of 26.18%.

Timberland Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 27th. Stockholders of record on Thursday, November 12th will be given a $0.31 dividend. The ex-dividend date of this dividend is Thursday, November 12th. This is a boost from Timberland Bancorp’s previous quarterly dividend of $0.30. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.6%. Timberland Bancorp’s dividend payout ratio (DPR) is presently 30.30%.

Hedge Funds Weigh In On Timberland Bancorp

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Legal & General Group Plc bought a new stake in shares of Timberland Bancorp during the 2nd quarter valued at $31,000. Squarepoint Ops LLC acquired a new position in Timberland Bancorp in the second quarter valued at about $227,000. Sequoia Financial Advisors LLC acquired a new position in Timberland Bancorp in the second quarter valued at about $238,000. Deutsche Bank AG bought a new stake in Timberland Bancorp during the second quarter worth about $328,000. Finally, Russell Investments Group Ltd. lifted its position in Timberland Bancorp by 50.0% during the third quarter. Russell Investments Group Ltd. now owns 8,631 shares of the savings and loans company’s stock worth $385,000 after purchasing an additional 2,877 shares during the period. 65.49% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of Timberland Bancorp from a “buy (a-)” rating to a “buy (a)” rating in a research report on Thursday, October 8th. One research analyst has rated the stock with a Strong Buy rating. Based on data from MarketBeat.com, the stock has an average rating of “Strong Buy”.

About Timberland Bancorp

Timberland Bancorp, Inc. is the holding company for Timberland Bank, a community banking institution headquartered in Hoquiam, Washington. The bank serves individuals, families, businesses and public-sector organizations in communities across western Washington. Timberland Bank offers deposit products, including checking, savings, money market and certificate accounts, along with consumer and commercial lending. Its loan portfolio includes residential real estate, commercial real estate, construction and land development, agricultural, small-business and consumer loans.