Insider Selling: Timberland Bancorp (NASDAQ:TSBK) Director Sells 1,000 Shares of Stock

Timberland Bancorp, Inc. (NASDAQ:TSBK) Director David Alan Smith sold 1,000 shares of the firm’s stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $43.90, for a total transaction of $43,900.00. Following the completion of the sale, the director owned 18,468 shares in the company, valued at $810,745.20. The trade was a 5.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Timberland Bancorp Stock Up 2.1%

Shares of Timberland Bancorp stock traded up $0.92 during trading on Wednesday, hitting $44.77. 24,221 shares of the stock were exchanged, compared to its average volume of 28,672. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.01 and a quick ratio of 1.01. The firm’s 50-day moving average price is $41.05 and its 200 day moving average price is $39.02. The stock has a market cap of $350.46 million, a price-to-earnings ratio of 11.42 and a beta of 0.32. Timberland Bancorp, Inc. has a 12-month low of $30.00 and a 12-month high of $45.28.

Timberland Bancorp (NASDAQ:TSBK) last posted 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 for the quarter.

Timberland Bancorp Dividend Announcement

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

Institutional Investors Weigh In On Timberland Bancorp

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Empowered Funds LLC lifted its position in Timberland Bancorp by 3.7% in the first quarter. Empowered Funds LLC now owns 53,481 shares of the savings and loans company’s stock valued at $1,612,000 after acquiring an additional 1,909 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of Timberland Bancorp during the first quarter worth about $235,000. Strs Ohio purchased a new position in shares of Timberland Bancorp during the first quarter worth about $33,000. Geode Capital Management LLC grew its holdings in shares of 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. Finally, Rhumbline Advisers increased its position in shares of Timberland Bancorp by 4.4% during the second quarter. Rhumbline Advisers now owns 7,420 shares of the savings and loans company’s stock worth $232,000 after purchasing an additional 315 shares in the last quarter. 65.49% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “buy (b)” rating on shares of Timberland Bancorp in a research note on Friday, March 27th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.

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.