Timberland Bancorp (NASDAQ:TSBK) Rating Lowered to “Hold” at Wall Street Zen

Timberland Bancorp (NASDAQ:TSBK) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Saturday.

Separately, Weiss Ratings reiterated a “buy (b)” rating on shares of Timberland Bancorp in a research note on Monday, December 29th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy”.

Timberland Bancorp Stock Down 0.7%

Timberland Bancorp stock opened at $39.05 on Friday. The company has a market capitalization of $307.71 million, a P/E ratio of 10.12 and a beta of 0.36. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.01 and a current ratio of 1.01. Timberland Bancorp has a fifty-two week low of $27.51 and a fifty-two week high of $40.41. The stock has a 50-day simple moving average of $37.03 and a 200-day simple moving average of $34.53.

Timberland Bancorp (NASDAQ:TSBK) last released its quarterly earnings results on Tuesday, January 27th. The savings and loans company reported $1.04 EPS for the quarter. The company had revenue of $21.71 million for the quarter. Timberland Bancorp had a return on equity of 11.73% and a net margin of 26.17%.

Insider Activity

In related news, Director Michael John Stoney sold 1,000 shares of the stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $36.99, for a total transaction of $36,990.00. Following the completion of the transaction, the director directly owned 9,040 shares of the company’s stock, valued at $334,389.60. This represents a 9.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Matthew J. Debord sold 3,805 shares of Timberland Bancorp stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $39.53, for a total value of $150,411.65. Following the completion of the sale, the executive vice president directly owned 5,700 shares in the company, valued at $225,321. This represents a 40.03% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 12,000 shares of company stock valued at $461,266 over the last quarter. Corporate insiders own 3.60% of the company’s stock.

Institutional Investors Weigh In On Timberland Bancorp

Several institutional investors have recently made changes to their positions in the stock. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Timberland Bancorp by 11.2% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 15,230 shares of the savings and loans company’s stock worth $475,000 after acquiring an additional 1,529 shares during the period. Gabelli Funds LLC purchased a new stake in Timberland Bancorp during the second quarter worth $3,839,000. Seizert Capital Partners LLC acquired a new stake in Timberland Bancorp in the second quarter valued at $231,000. De Lisle Partners LLP increased its position in shares of Timberland Bancorp by 5.0% in the second quarter. De Lisle Partners LLP now owns 58,060 shares of the savings and loans company’s stock valued at $1,818,000 after buying an additional 2,790 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its stake in shares of Timberland Bancorp by 610.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,024 shares of the savings and loans company’s stock worth $63,000 after buying an additional 1,739 shares during the last quarter. 65.49% of the stock is currently owned by hedge funds and other institutional investors.

Timberland Bancorp Company Profile

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.