Timberland Bancorp (NASDAQ:TSBK) Raised to Buy at Wall Street Zen

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

Separately, Weiss Ratings reiterated a “buy (b)” rating on shares of Timberland Bancorp in a report on Monday, December 8th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy”.

Timberland Bancorp Trading Down 0.1%

TSBK opened at $37.32 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.08. The stock’s fifty day moving average is $33.20 and its two-hundred day moving average is $32.76. The company has a market capitalization of $294.08 million, a P/E ratio of 10.14 and a beta of 0.36. Timberland Bancorp has a 52 week low of $27.51 and a 52 week high of $38.08.

Timberland Bancorp (NASDAQ:TSBK) last posted its quarterly earnings results on Friday, October 31st. The savings and loans company reported $1.07 earnings per share (EPS) for the quarter. The business had revenue of $24.11 million for the quarter. Timberland Bancorp had a return on equity of 11.43% and a net margin of 25.44%.

Insider Transactions at Timberland Bancorp

In other Timberland Bancorp news, Director Michael John Stoney sold 1,000 shares of the business’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $36.99, for a total value of $36,990.00. Following the completion of the transaction, the director directly owned 9,040 shares in the company, valued at approximately $334,389.60. The trade was a 9.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.70% of the stock is owned by company insiders.

Institutional Trading of Timberland Bancorp

A number of institutional investors have recently modified their holdings of TSBK. Gabelli Funds LLC purchased a new stake in Timberland Bancorp during the second quarter valued at approximately $3,839,000. Gamco Investors INC. ET AL purchased a new position in Timberland Bancorp in the second quarter worth $465,000. Fourthstone LLC acquired a new position in shares of Timberland Bancorp during the second quarter worth $402,000. Nuveen LLC acquired a new position in shares of Timberland Bancorp during the first quarter worth $381,000. Finally, Royce & Associates LP lifted its holdings in shares of Timberland Bancorp by 3.7% during the 3rd quarter. Royce & Associates LP now owns 288,914 shares of the savings and loans company’s stock valued at $9,615,000 after purchasing an additional 10,203 shares during the last quarter. 65.49% of the stock is currently owned by institutional investors.

About Timberland Bancorp

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.