Timberland Bancorp, Inc. (NASDAQ:TSBK) Plans Dividend Increase – $0.30 Per Share

Timberland Bancorp, Inc. (NASDAQ:TSBK) announced a quarterly dividend on Tuesday, July 28th. Shareholders of record on Monday, August 10th will be paid a dividend of 0.30 per share by the savings and loans company on Monday, August 24th. This represents a c) annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Monday, August 10th. This is a 3.4% increase from Timberland Bancorp’s previous quarterly dividend of $0.29.

Timberland Bancorp has raised its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend every year for the last 13 years.

Timberland Bancorp Stock Performance

Shares of NASDAQ:TSBK opened at $44.43 on Wednesday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.07. Timberland Bancorp has a 1-year low of $30.52 and a 1-year high of $45.63. The stock has a market capitalization of $347.89 million, a P/E ratio of 11.36 and a beta of 0.31. The business has a 50-day moving average price of $42.79 and a two-hundred day moving average price of $40.41.

Timberland Bancorp (NASDAQ:TSBK) last issued its earnings results on Tuesday, July 28th. The savings and loans company reported $0.98 earnings per share (EPS) for the quarter. Timberland Bancorp had a net margin of 26.22% and a return on equity of 11.67%. The company had revenue of $21.79 million for the quarter.

Analysts Set New Price Targets

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

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.