Timberland Bancorp (NASDAQ:TSBK) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

Timberland Bancorp, Inc. (NASDAQ:TSBK)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $27.65 and traded as high as $29.80. Timberland Bancorp shares last traded at $29.80, with a volume of 2,859 shares trading hands.

Timberland Bancorp Stock Performance

The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.08. The company has a market cap of $239.01 million, a price-to-earnings ratio of 9.71 and a beta of 0.65. The stock has a 50 day moving average price of $30.02 and a two-hundred day moving average price of $27.67.

Timberland Bancorp (NASDAQ:TSBK) last released its earnings results on Tuesday, July 23rd. The savings and loans company reported $0.74 earnings per share for the quarter. Timberland Bancorp had a return on equity of 10.34% and a net margin of 23.98%. The firm had revenue of $18.77 million for the quarter.

Insider Activity

In related news, Director Andrea M. Clinton sold 1,000 shares of Timberland Bancorp stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $31.37, for a total transaction of $31,370.00. Following the transaction, the director now owns 7,565 shares of the company’s stock, valued at $237,314.05. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 3.40% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Panagora Asset Management Inc. raised its position in shares of Timberland Bancorp by 8.5% during the second quarter. Panagora Asset Management Inc. now owns 23,999 shares of the savings and loans company’s stock worth $650,000 after purchasing an additional 1,881 shares during the period. Bank of New York Mellon Corp increased its stake in Timberland Bancorp by 11.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 25,778 shares of the savings and loans company’s stock worth $698,000 after purchasing an additional 2,609 shares in the last quarter. Vanguard Group Inc. raised its holdings in Timberland Bancorp by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 408,069 shares of the savings and loans company’s stock worth $10,985,000 after buying an additional 2,949 shares during the period. Hsbc Holdings PLC lifted its stake in Timberland Bancorp by 27.7% in the second quarter. Hsbc Holdings PLC now owns 13,661 shares of the savings and loans company’s stock valued at $361,000 after buying an additional 2,965 shares in the last quarter. Finally, Empowered Funds LLC lifted its stake in Timberland Bancorp by 8.1% in the first quarter. Empowered Funds LLC now owns 46,565 shares of the savings and loans company’s stock valued at $1,254,000 after buying an additional 3,500 shares in the last quarter. 65.49% of the stock is currently owned by institutional investors.

Timberland Bancorp Company Profile

Timberland Bancorp, Inc operates as the bank holding company for Timberland Bank that provides various community banking services in Washington. It offers various deposit products, including money market deposit, checking, and regular savings accounts, as well as certificates of deposit. The company also provides one-to four-family residential, multi-family, and commercial real estate loans; and construction lending products, such as custom and owner/builder, speculative one- to four-family, commercial, multi-family, land development, and land development.