Timberland Bancorp (NASDAQ:TSBK) Stock Crosses Above 200 Day Moving Average – Here’s Why

Timberland Bancorp, Inc. (NASDAQ:TSBK) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $39.99 and traded as high as $45.21. Timberland Bancorp shares last traded at $43.77, with a volume of 57,779 shares changing hands.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Timberland Bancorp in a research report on Wednesday, June 24th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy”.

Timberland Bancorp Price Performance

The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.07. The stock has a market cap of $342.72 million, a price-to-earnings ratio of 11.19 and a beta of 0.31. The company’s 50-day moving average is $42.21 and its 200-day moving average is $39.99.

Timberland Bancorp (NASDAQ:TSBK) last announced its quarterly earnings results on Thursday, April 30th. The savings and loans company reported $0.90 EPS for the quarter. The business had revenue of $20.90 million for the quarter. Timberland Bancorp had a return on equity of 11.67% and a net margin of 26.22%.

Timberland Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Friday, May 8th were paid 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 2.7%. Timberland Bancorp’s payout ratio is 29.67%.

Insider Transactions at Timberland Bancorp

In other Timberland Bancorp news, Director David Alan Smith sold 1,000 shares of the business’s stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $43.90, for a total value of $43,900.00. Following the transaction, the director owned 18,468 shares of the company’s stock, valued at approximately $810,745.20. The trade was a 5.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 3.60% of the company’s stock.

Hedge Funds Weigh In On Timberland Bancorp

A number of institutional investors have recently modified their holdings of TSBK. Quantinno Capital Management LP raised its position in Timberland Bancorp by 46.5% in the 1st quarter. Quantinno Capital Management LP now owns 22,504 shares of the savings and loans company’s stock worth $887,000 after purchasing an additional 7,143 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Timberland Bancorp by 2.0% during the first quarter. Bank of New York Mellon Corp now owns 23,722 shares of the savings and loans company’s stock worth $935,000 after purchasing an additional 470 shares during the period. Invesco Ltd. bought a new stake in Timberland Bancorp in the fourth quarter valued at about $231,000. Millennium Management LLC acquired a new position in Timberland Bancorp in the fourth quarter valued at about $453,000. Finally, Panagora Asset Management Inc. boosted its holdings in Timberland Bancorp by 3.3% during the fourth quarter. Panagora Asset Management Inc. now owns 30,448 shares of the savings and loans company’s stock worth $1,090,000 after buying an additional 964 shares during the last quarter. 65.49% of the stock is owned by institutional investors.

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.