Timberland Bancorp (NASDAQ:TSBK) Stock Price Crosses Above 200 Day Moving Average – Here’s Why

Timberland Bancorp, Inc. (NASDAQ:TSBK) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $33.31 and traded as high as $36.01. Timberland Bancorp shares last traded at $35.80, with a volume of 9,339 shares trading hands.

Analysts Set New Price Targets

TSBK has been the topic of several research reports. 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 research report on Saturday, December 13th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy”.

Timberland Bancorp Trading Down 1.3%

The company has a debt-to-equity ratio of 0.08, a current ratio of 1.00 and a quick ratio of 1.00. The business’s 50 day simple moving average is $34.51 and its 200 day simple moving average is $33.34. The stock has a market cap of $278.40 million, a P/E ratio of 9.60 and a beta of 0.36.

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 for the quarter. Timberland Bancorp had a return on equity of 11.43% and a net margin of 25.44%.

Timberland Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 28th. Stockholders of record on Friday, November 14th were paid a $0.28 dividend. The ex-dividend date was Friday, November 14th. This represents a $1.12 annualized dividend and a dividend yield of 3.2%. This is a boost from Timberland Bancorp’s previous quarterly dividend of $0.26. Timberland Bancorp’s dividend payout ratio is presently 30.43%.

Insider Transactions at Timberland Bancorp

In related news, Director Michael John Stoney sold 1,000 shares of the stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $36.99, for a total transaction of $36,990.00. Following the completion of the sale, the director owned 9,040 shares in the company, valued at $334,389.60. This trade represents a 9.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Matthew J. Debord sold 5,195 shares of Timberland Bancorp stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $37.51, for a total transaction of $194,864.45. Following the transaction, 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 3.60% of the company’s stock.

Institutional Investors Weigh In On Timberland Bancorp

A number of large investors have recently bought and sold shares of TSBK. Nuveen LLC acquired a new stake in Timberland Bancorp during the 1st quarter valued at $381,000. Empowered Funds LLC grew its holdings in shares of Timberland Bancorp by 3.7% during the first quarter. Empowered Funds LLC now owns 53,481 shares of the savings and loans company’s stock worth $1,612,000 after purchasing an additional 1,909 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of Timberland Bancorp in the first quarter valued at $235,000. Strs Ohio bought a new position in shares of Timberland Bancorp in the first quarter valued at about $33,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in 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 worth $475,000 after buying an additional 1,529 shares in the last quarter. 65.49% of the stock is currently owned by institutional investors.

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.