Timberland Bancorp (NASDAQ:TSBK) Share Price Passes Above 200 Day Moving Average – What’s Next?

Timberland Bancorp, Inc. (NASDAQ:TSBK)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $42.15 and traded as high as $46.50. Timberland Bancorp shares last traded at $46.47, with a volume of 34,951 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised Timberland Bancorp from a “buy (b)” rating to a “buy (b+)” rating in a research note on Tuesday, September 1st. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Timberland Bancorp Stock Performance

The stock has a market capitalization of $361.54 million, a price-to-earnings ratio of 11.65 and a beta of 0.31. The stock has a fifty day simple moving average of $45.09 and a two-hundred day simple moving average of $42.21. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.00 and a current ratio of 1.00.

Timberland Bancorp (NASDAQ:TSBK) last released its quarterly earnings data on Wednesday, July 29th. The savings and loans company reported $0.98 earnings per share for the quarter. The company had revenue of $21.10 million during the quarter. Timberland Bancorp had a net margin of 26.46% and a return on equity of 11.72%.

Timberland Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 24th. Stockholders of record on Monday, August 10th were issued a dividend of $0.30 per share. This is a positive change from Timberland Bancorp’s previous quarterly dividend of $0.29. This represents a $1.20 annualized dividend and a dividend yield of 2.6%. The ex-dividend date was Monday, August 10th. Timberland Bancorp’s dividend payout ratio is presently 30.08%.

Insider Buying and Selling at Timberland Bancorp

In other news, Director David Smith sold 1,000 shares of the company’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 transaction of $43,900.00. Following the transaction, the director directly owned 18,468 shares of the company’s stock, valued at $810,745.20. This represents a 5.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.60% of the stock is owned by insiders.

Institutional Trading of Timberland Bancorp

Several hedge funds have recently bought and sold shares of the business. 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 valued at $1,612,000 after buying an additional 1,909 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of Timberland Bancorp in the first quarter worth approximately $235,000. Strs Ohio bought a new position in shares of Timberland Bancorp in the first quarter valued at approximately $33,000. Geode Capital Management LLC boosted its position 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 valued at $5,473,000 after buying an additional 1,484 shares during the last quarter. Finally, Rhumbline Advisers grew its holdings in 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 buying an additional 315 shares in the last quarter. Institutional investors and hedge funds 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.