Insider Selling: Timberland Bancorp (NASDAQ:TSBK) Director Sells $48,100.00 in Stock

Timberland Bancorp, Inc. (NASDAQ:TSBK) Director Kelly Suter sold 1,000 shares of Timberland Bancorp stock in a transaction that occurred on Monday, November 9th. The shares were sold at an average price of $48.10, for a total transaction of $48,100.00. Following the completion of the sale, the director owned 3,180 shares of the company’s stock, valued at approximately $152,958. The trade was a 23.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Timberland Bancorp Trading Down 0.9%

Shares of NASDAQ:TSBK opened at $47.61 on Friday. The company has a market capitalization of $370.41 million, a P/E ratio of 12.13 and a beta of 0.34. Timberland Bancorp, Inc. has a 1 year low of $32.34 and a 1 year high of $49.38. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.00 and a quick ratio of 1.00. The business’s 50 day simple moving average is $46.23 and its 200 day simple moving average is $42.79.

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

Timberland Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 27th. Stockholders of record on Thursday, November 12th will be issued a dividend of $0.31 per share. This is an increase from Timberland Bancorp’s previous quarterly dividend of $0.30. 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%. Timberland Bancorp’s payout ratio is currently 30.30%.

Institutional Trading of Timberland Bancorp

Large investors have recently made changes to their positions in the company. Legal & General Group Plc bought a new position in Timberland Bancorp in the second quarter valued at approximately $31,000. Squarepoint Ops LLC acquired a new stake in shares of Timberland Bancorp in the 2nd quarter valued at $227,000. Sequoia Financial Advisors LLC acquired a new stake in shares of Timberland Bancorp in the 2nd quarter valued at $238,000. Deutsche Bank AG bought a new position in shares of Timberland Bancorp in the 2nd quarter valued at $328,000. Finally, Russell Investments Group Ltd. increased its stake in shares of Timberland Bancorp by 50.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 8,631 shares of the savings and loans company’s stock valued at $385,000 after purchasing an additional 2,877 shares during the last quarter. Institutional investors and hedge funds own 65.49% of the company’s stock.

Analyst Ratings Changes

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

About Timberland Bancorp

Timberland Bancorp, Inc. is the holding company for Timberland Bank, a community bank headquartered in Hoquiam, Washington. The bank provides personal and business banking services, including deposit accounts, online banking and cash-management services. Its lending activities include residential and commercial real estate loans, construction financing, and loans to businesses and consumers. Timberland Bank serves customers through branches in western Washington. The bank traces its history to 1915, when it was established in the Grays Harbor area.