Timberland Bancorp (NASDAQ:TSBK) Director Sells $19,388.00 in Stock

Timberland Bancorp, Inc. (NASDAQ:TSBK) Director Andrea Clinton sold 400 shares of the company’s stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $48.47, for a total value of $19,388.00. Following the completion of the transaction, the director directly owned 9,645 shares of the company’s stock, valued at approximately $467,493.15. This represents a 3.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Timberland Bancorp Stock Performance

Shares of TSBK opened at $47.96 on Friday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $373.13 million, a price-to-earnings ratio of 12.11 and a beta of 0.34. The stock has a 50 day moving average of $46.04 and a 200 day moving average of $42.57. Timberland Bancorp, Inc. has a 12 month low of $32.34 and a 12 month high of $49.38.

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

Timberland Bancorp Increases Dividend

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. increased its stake in shares of Timberland Bancorp by 50.0% during the 3rd quarter. Russell Investments Group Ltd. now owns 8,631 shares of the savings and loans company’s stock worth $385,000 after purchasing an additional 2,877 shares during the last quarter. State Street Corp raised its holdings in shares of Timberland Bancorp by 3.5% in the 2nd quarter. State Street Corp now owns 137,561 shares of the savings and loans company’s stock worth $6,164,000 after purchasing an additional 4,666 shares during the period. Sequoia Financial Advisors LLC bought a new stake in shares of Timberland Bancorp in the 2nd quarter worth approximately $238,000. Squarepoint Ops LLC bought a new stake in shares of Timberland Bancorp in the 2nd quarter worth approximately $227,000. Finally, Citadel Advisors LLC lifted its stake in Timberland Bancorp by 127.7% in the second quarter. Citadel Advisors LLC now owns 12,810 shares of the savings and loans company’s stock valued at $574,000 after purchasing an additional 7,183 shares during the last quarter. 65.49% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded Timberland Bancorp from a “buy (a-)” rating to a “buy (a)” rating in a research note on Thursday, October 8th. One analyst has rated the stock with a Strong Buy rating. Based on data from MarketBeat.com, the company currently has an average rating of “Strong Buy”.

About Timberland Bancorp

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.