Timberland Bancorp (NASDAQ:TSBK) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Timberland Bancorp, Inc. (NASDAQ:TSBK)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $31.86 and traded as high as $32.31. Timberland Bancorp shares last traded at $32.17, with a volume of 10,080 shares changing hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of Timberland Bancorp in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy”.

Timberland Bancorp Stock Performance

The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.08. The company’s 50-day moving average price is $33.48 and its two-hundred day moving average price is $31.86. The company has a market cap of $254.14 million, a P/E ratio of 9.46 and a beta of 0.52.

Timberland Bancorp (NASDAQ:TSBK) last posted its quarterly earnings data on Tuesday, July 22nd. The savings and loans company reported $0.90 earnings per share for the quarter. Timberland Bancorp had a net margin of 24.19% and a return on equity of 10.79%. The company had revenue of $20.50 million during the quarter.

Insider Activity

In other Timberland Bancorp news, Director David Alan Smith sold 836 shares of the company’s stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $33.50, for a total transaction of $28,006.00. Following the completion of the sale, the director directly owned 17,768 shares of the company’s stock, valued at approximately $595,228. This represents a 4.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Andrea M. Clinton sold 3,800 shares of the company’s stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $32.98, for a total transaction of $125,324.00. Following the sale, the director directly owned 8,210 shares of the company’s stock, valued at $270,765.80. This represents a 31.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.70% of the company’s stock.

Institutional Trading of Timberland Bancorp

Hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC lifted its stake in Timberland Bancorp by 22,400.0% during the first quarter. GAMMA Investing LLC now owns 2,925 shares of the savings and loans company’s stock valued at $97,000 after buying an additional 2,912 shares in the last quarter. Nuveen LLC purchased a new stake in Timberland Bancorp during the first quarter valued at about $381,000. Royce & Associates LP lifted its stake in Timberland Bancorp by 19.0% during the first quarter. Royce & Associates LP now owns 275,926 shares of the savings and loans company’s stock valued at $8,319,000 after buying an additional 44,086 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in Timberland Bancorp by 6.2% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 13,701 shares of the savings and loans company’s stock valued at $413,000 after buying an additional 804 shares in the last quarter. Finally, De Lisle Partners LLP lifted its stake in Timberland Bancorp by 3.1% during the first quarter. De Lisle Partners LLP now owns 55,270 shares of the savings and loans company’s stock valued at $1,668,000 after buying an additional 1,637 shares in the last quarter. 65.49% of the stock is owned by hedge funds and other institutional investors.

Timberland Bancorp Company Profile

Timberland Bancorp, Inc operates as the bank holding company for Timberland Bank that provides various community banking services in Washington. It offers various deposit products, including money market deposit, checking, and regular savings accounts, as well as certificates of deposit. The company also provides one-to four-family residential, multi-family, and commercial real estate loans; and construction lending products, such as custom and owner/builder, speculative one- to four-family, commercial, multi-family, land development, and land development.