Timberland Bancorp (NASDAQ:TSBK) Stock: Insider Jonathan Arthur Fischer Sells 2,000 Shares

Timberland Bancorp, Inc. (NASDAQ:TSBK) COO Jonathan Fischer sold 2,000 shares of Timberland Bancorp stock in a transaction dated Thursday, November 5th. The stock was sold at an average price of $47.76, for a total value of $95,520.00. Following the sale, the chief operating officer directly owned 8,095 shares of the company’s stock, valued at $386,617.20. This trade represents a 19.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Timberland Bancorp Price Performance

Timberland Bancorp stock opened at $47.96 on Friday. The company has a fifty day simple moving average of $46.04 and a 200-day simple moving average of $42.57. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.04. Timberland Bancorp, Inc. has a 12-month low of $32.34 and a 12-month high of $49.38. The stock has a market cap of $373.13 million, a P/E ratio of 12.06 and a beta of 0.34.

Timberland Bancorp (NASDAQ:TSBK) last announced its earnings results on Thursday, October 29th. The savings and loans company reported $1.04 earnings per share for the quarter. Timberland Bancorp had a return on equity of 11.51% and a net margin of 26.18%. The company had revenue of $22.78 million during the quarter.

Timberland Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 27th. Shareholders of record on Thursday, November 12th will be issued a $0.31 dividend. This is a boost from Timberland Bancorp’s previous quarterly dividend of $0.30. This represents a $1.24 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Thursday, November 12th. Timberland Bancorp’s dividend payout ratio is presently 30.30%.

Hedge Funds Weigh In On Timberland Bancorp

A number of institutional investors and hedge funds have recently modified their holdings of the business. Legal & General Group Plc bought a new stake in shares of Timberland Bancorp in the 2nd quarter valued at about $31,000. Squarepoint Ops LLC acquired a new stake in Timberland Bancorp in the second quarter valued at about $227,000. Sequoia Financial Advisors LLC purchased a new position in shares of Timberland Bancorp in the 2nd quarter worth $238,000. Deutsche Bank AG bought a new stake in Timberland Bancorp in the 2nd quarter valued at about $328,000. Finally, Russell Investments Group Ltd. grew its stake in shares of Timberland Bancorp by 50.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 8,631 shares of the savings and loans company’s stock valued at $385,000 after buying an additional 2,877 shares in the last quarter. 65.49% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of Timberland Bancorp from a “buy (a-)” rating to a “buy (a)” rating in a research report on Thursday, October 8th. One research analyst has rated the stock with a Strong Buy rating. According to MarketBeat, the company presently has a consensus rating of “Strong Buy”.

Timberland Bancorp Company Profile

Timberland Bancorp, Inc is the holding company for Timberland Bank, a community banking institution headquartered in Hoquiam, Washington. The bank serves individuals, families, businesses and public-sector organizations in communities across western Washington.

Timberland Bank offers deposit products, including checking, savings, money market and certificate accounts, along with consumer and commercial lending. Its loan portfolio includes residential real estate, commercial real estate, construction and land development, agricultural, small-business and consumer loans.