Matthew Debord Sells 5,195 Shares of Timberland Bancorp (NASDAQ:TSBK) Stock

Timberland Bancorp, Inc. (NASDAQ:TSBK) EVP Matthew Debord sold 5,195 shares of the firm’s stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $37.51, for a total value of $194,864.45. Following the sale, the executive vice president directly owned 5,700 shares of the company’s stock, valued at $213,807. This represents a 47.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Timberland Bancorp Price Performance

Timberland Bancorp stock opened at $37.74 on Friday. The stock has a market capitalization of $297.39 million, a price-to-earnings ratio of 10.26 and a beta of 0.36. Timberland Bancorp, Inc. has a 52-week low of $27.51 and a 52-week high of $38.08. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.00 and a current ratio of 1.00. The stock’s 50 day moving average price is $33.62 and its two-hundred day moving average price is $32.92.

Timberland Bancorp (NASDAQ:TSBK) last released its quarterly earnings data on Friday, October 31st. The savings and loans company reported $1.07 earnings per share for the quarter. The company had revenue of $24.11 million during the quarter. Timberland Bancorp had a net margin of 25.44% and a return on equity of 11.43%.

Timberland Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 28th. Stockholders of record on Friday, November 14th were issued a dividend of $0.28 per share. This is an increase from Timberland Bancorp’s previous quarterly dividend of $0.26. This represents a $1.12 annualized dividend and a dividend yield of 3.0%. The ex-dividend date was Friday, November 14th. Timberland Bancorp’s dividend payout ratio (DPR) is currently 30.43%.

Hedge Funds Weigh In On Timberland Bancorp

Several large investors have recently bought and sold shares of the stock. Royce & Associates LP grew its stake in shares of Timberland Bancorp by 3.7% in the 3rd quarter. Royce & Associates LP now owns 288,914 shares of the savings and loans company’s stock worth $9,615,000 after acquiring an additional 10,203 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Timberland Bancorp by 0.9% during the second quarter. Geode Capital Management LLC now owns 175,399 shares of the savings and loans company’s stock worth $5,473,000 after purchasing an additional 1,484 shares during the last quarter. M3F Inc. grew its position in Timberland Bancorp by 0.5% in the 2nd quarter. M3F Inc. now owns 171,401 shares of the savings and loans company’s stock worth $5,348,000 after purchasing an additional 928 shares in the last quarter. Keeley Teton Advisors LLC increased its stake in Timberland Bancorp by 1.9% in the 1st quarter. Keeley Teton Advisors LLC now owns 137,969 shares of the savings and loans company’s stock valued at $4,160,000 after buying an additional 2,613 shares during the last quarter. Finally, Bridgeway Capital Management LLC increased its stake in Timberland Bancorp by 0.9% in the 3rd quarter. Bridgeway Capital Management LLC now owns 131,638 shares of the savings and loans company’s stock valued at $4,381,000 after buying an additional 1,126 shares during the last quarter. 65.49% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on TSBK. Weiss Ratings restated a “buy (b)” rating on shares of Timberland Bancorp in a research note on Monday. Wall Street Zen upgraded Timberland Bancorp from a “hold” rating to a “buy” rating in a report on Saturday, December 13th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Timberland Bancorp has a consensus rating of “Buy”.

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.