Timberland Bancorp (NASDAQ:TSBK) Announces Earnings Results

Timberland Bancorp (NASDAQ:TSBK) announced its earnings results on Wednesday. The savings and loans company reported $0.98 EPS for the quarter, Zacks reports. The firm had revenue of $21.55 million for the quarter. Timberland Bancorp had a return on equity of 11.79% and a net margin of 26.46%.

Timberland Bancorp Stock Down 4.4%

Shares of TSBK traded down $2.00 during trading hours on Friday, reaching $42.88. 26,959 shares of the stock traded hands, compared to its average volume of 29,815. Timberland Bancorp has a 52 week low of $30.52 and a 52 week high of $45.63. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.07. The stock has a fifty day simple moving average of $42.97 and a 200 day simple moving average of $40.53. The company has a market cap of $335.79 million, a price-to-earnings ratio of 11.20 and a beta of 0.31.

Timberland Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 24th. Investors of record on Monday, August 10th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Monday, August 10th. This is an increase from Timberland Bancorp’s previous quarterly dividend of $0.29. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.8%. Timberland Bancorp’s payout ratio is 29.67%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “buy (b)” rating on shares of Timberland Bancorp in a report on Wednesday, June 24th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy”.

Insider Activity at Timberland Bancorp

In other news, Director David Alan Smith sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of $43.90, for a total value of $43,900.00. Following the transaction, the director owned 18,468 shares in the company, valued at $810,745.20. The trade was a 5.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC increased its stake in shares of Timberland Bancorp by 20,325.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 817 shares of the savings and loans company’s stock worth $25,000 after purchasing an additional 813 shares during the last quarter. Strs Ohio purchased a new position in Timberland Bancorp in the 1st quarter valued at approximately $33,000. Raymond James Financial Inc. purchased a new stake in shares of Timberland Bancorp during the second quarter worth $62,000. Tower Research Capital LLC TRC lifted its position in shares of Timberland Bancorp by 610.2% during the second quarter. Tower Research Capital LLC TRC now owns 2,024 shares of the savings and loans company’s stock worth $63,000 after acquiring an additional 1,739 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in shares of Timberland Bancorp by 230.3% in the third quarter. BNP Paribas Financial Markets now owns 3,329 shares of the savings and loans company’s stock worth $111,000 after acquiring an additional 2,321 shares during the period. Institutional investors own 65.49% of the company’s stock.

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.