Timberland Bancorp’s (TSBK) “Buy (B-)” Rating Reiterated at Weiss Ratings

Weiss Ratings reaffirmed their buy (b-) rating on shares of Timberland Bancorp (NASDAQ:TSBK) in a research report released on Thursday,Weiss Ratings reports.

Timberland Bancorp Trading Up 2.8%

Shares of NASDAQ TSBK opened at $32.12 on Thursday. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.99 and a quick ratio of 0.99. The stock has a market capitalization of $253.75 million, a P/E ratio of 9.45 and a beta of 0.52. Timberland Bancorp has a 1-year low of $27.51 and a 1-year high of $38.08. The business has a fifty day moving average price of $33.34 and a 200 day moving average price of $32.04.

Timberland Bancorp (NASDAQ:TSBK) last issued its quarterly earnings data on Thursday, October 30th. The savings and loans company reported $1.07 earnings per share for the quarter. The firm had revenue of $22.49 million during the quarter. Timberland Bancorp had a return on equity of 10.79% and a net margin of 24.19%.

Timberland Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 28th. Shareholders of record on Friday, November 14th will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 3.5%. This is a boost from Timberland Bancorp’s previous quarterly dividend of $0.26. The ex-dividend date is Friday, November 14th. Timberland Bancorp’s dividend payout ratio (DPR) is 30.59%.

Institutional Investors Weigh In On Timberland Bancorp

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TSBK. Gabelli Funds LLC purchased a new stake in Timberland Bancorp in the second quarter valued at about $3,839,000. Royce & Associates LP raised its stake in Timberland Bancorp by 19.0% in the first quarter. Royce & Associates LP now owns 275,926 shares of the savings and loans company’s stock valued at $8,319,000 after buying an additional 44,086 shares during the last quarter. Gamco Investors INC. ET AL purchased a new stake in Timberland Bancorp in the second quarter valued at about $465,000. Fourthstone LLC purchased a new stake in Timberland Bancorp in the second quarter valued at about $402,000. Finally, Nuveen LLC purchased a new stake in Timberland Bancorp in the first quarter valued at about $381,000. 65.49% of the stock is currently owned by hedge funds and other institutional investors.

About Timberland Bancorp

Timberland Bancorp, Inc operates as the bank holding company for Timberland Bank that provides various community banking services in Washington. It offers various deposit products, including money market deposit, checking, and regular savings accounts, as well as certificates of deposit. The company also provides one-to four-family residential, multi-family, and commercial real estate loans; and construction lending products, such as custom and owner/builder, speculative one- to four-family, commercial, multi-family, land development, and land development.