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

Timberland Bancorp, Inc. (NASDAQ:TSBK) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $41.16 and traded as high as $46.59. Timberland Bancorp shares last traded at $46.42, with a volume of 24,647 shares trading hands.

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of Timberland Bancorp from a “buy (b)” rating to a “buy (b+)” rating in a research report on Friday, July 31st. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy”.

Timberland Bancorp Stock Down 0.8%

The company has a current ratio of 1.00, a quick ratio of 1.01 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $358.27 million, a PE ratio of 11.54 and a beta of 0.31. The firm has a 50-day moving average of $44.01 and a two-hundred day moving average of $41.20.

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

Timberland Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 24th. Stockholders of record on Monday, August 10th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Monday, August 10th. This is an increase from Timberland Bancorp’s previous quarterly dividend of $0.29. Timberland Bancorp’s dividend payout ratio (DPR) is presently 30.08%.

Insider Activity

In related news, Director David Alan Smith sold 1,000 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at approximately $810,745.20. This represents a 5.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.60% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Hsbc Holdings PLC acquired a new stake in shares of Timberland Bancorp in the second quarter worth $1,209,000. Legal & General Group Plc purchased a new position in shares of Timberland Bancorp in the 2nd quarter valued at $31,000. The Manufacturers Life Insurance Company acquired a new position in shares of Timberland Bancorp during the 2nd quarter valued at $12,751,000. Algert Global LLC acquired a new position in shares of Timberland Bancorp during the 2nd quarter valued at $1,325,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Timberland Bancorp during the 2nd quarter worth $544,000. 65.49% of the stock is owned by institutional investors and hedge funds.

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.