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

Timberland Bancorp, Inc. (NASDAQ:TSBK) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $39.02 and traded as high as $45.28. Timberland Bancorp shares last traded at $43.85, with a volume of 152,041 shares changing hands.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of Timberland Bancorp in a research note on Friday, March 27th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy”.

Timberland Bancorp Stock Down 1.1%

The firm has a market cap of $345.54 million, a price-to-earnings ratio of 11.29 and a beta of 0.32. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.07. The firm has a fifty day moving average price of $41.11 and a 200-day moving average price of $39.09.

Timberland Bancorp (NASDAQ:TSBK) last released its earnings results on Thursday, April 30th. The savings and loans company reported $0.90 EPS for the quarter. Timberland Bancorp had a return on equity of 11.67% and a net margin of 26.22%.The firm had revenue of $20.90 million during the quarter.

Timberland Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Friday, May 8th were issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 2.6%. The ex-dividend date was Friday, May 8th. Timberland Bancorp’s dividend payout ratio is presently 29.67%.

Insider Activity

In related news, Director David Alan Smith sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $43.90, for a total value of $43,900.00. Following the sale, the director directly owned 18,468 shares of the company’s stock, valued at approximately $810,745.20. This trade represents a 5.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 3.60% of the company’s stock.

Hedge Funds Weigh In On Timberland Bancorp

A number of large investors have recently bought and sold shares of the stock. Rhumbline Advisers grew its stake in shares of Timberland Bancorp by 4.4% during the 2nd quarter. Rhumbline Advisers now owns 7,420 shares of the savings and loans company’s stock valued at $232,000 after buying an additional 315 shares during the period. Jane Street Group LLC raised its position in shares of Timberland Bancorp by 5.7% in the 2nd quarter. Jane Street Group LLC now owns 8,231 shares of the savings and loans company’s stock worth $257,000 after buying an additional 446 shares during the period. Bank of New York Mellon Corp boosted its holdings in Timberland Bancorp by 2.0% in the first quarter. Bank of New York Mellon Corp now owns 23,722 shares of the savings and loans company’s stock valued at $935,000 after acquiring an additional 470 shares during the last quarter. Martingale Asset Management L P grew its position in Timberland Bancorp by 6.4% during the fourth quarter. Martingale Asset Management L P now owns 11,619 shares of the savings and loans company’s stock valued at $416,000 after acquiring an additional 700 shares during the period. Finally, Creative Planning grew its position in Timberland Bancorp by 3.2% during the third quarter. Creative Planning now owns 24,808 shares of the savings and loans company’s stock valued at $826,000 after acquiring an additional 772 shares during the period. Hedge funds and other institutional investors own 65.49% of the company’s stock.

About Timberland Bancorp

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.