Timberland Bancorp (NASDAQ:TSBK) Shares Cross Above 200 Day Moving Average – Here’s What Happened

Timberland Bancorp, Inc. (NASDAQ:TSBK) crossed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $42.87 and traded as high as $45.50. Timberland Bancorp shares last traded at $44.88, with a volume of 18,419 shares traded.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded Timberland Bancorp from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Friday, September 18th. One equities research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Strong Buy”.

Timberland Bancorp Trading Up 0.1%

The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.00 and a current ratio of 1.00. The stock has a fifty day moving average of $45.65 and a 200-day moving average of $42.91. The company has a market cap of $347.22 million, a PE ratio of 11.19 and a beta of 0.31.

Timberland Bancorp (NASDAQ:TSBK) last announced its quarterly earnings data on Wednesday, July 29th. The savings and loans company reported $0.98 earnings per share for the quarter. The company had revenue of $21.10 million during the quarter. Timberland Bancorp had a net margin of 26.46% and a return on equity of 11.72%.

Timberland Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 24th. Investors of record on Monday, August 10th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.7%. This is an increase from Timberland Bancorp’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Monday, August 10th. Timberland Bancorp’s payout ratio is currently 30.08%.

Hedge Funds Weigh In On Timberland Bancorp

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of New York Mellon Corp grew its position in shares of Timberland Bancorp by 2.0% in the 1st quarter. Bank of New York Mellon Corp now owns 23,722 shares of the savings and loans company’s stock worth $935,000 after buying an additional 470 shares during the last quarter. Legal & General Group Plc purchased a new stake in Timberland Bancorp during the second quarter valued at approximately $31,000. Empowered Funds LLC boosted its stake in Timberland Bancorp by 2.0% in the second quarter. Empowered Funds LLC now owns 50,775 shares of the savings and loans company’s stock valued at $2,275,000 after acquiring an additional 975 shares in the last quarter. Hsbc Holdings PLC boosted its position in shares of Timberland Bancorp by 11.8% in the 2nd quarter. Hsbc Holdings PLC now owns 27,171 shares of the savings and loans company’s stock worth $1,209,000 after purchasing an additional 2,866 shares in the last quarter. Finally, State Street Corp grew its stake in Timberland Bancorp by 3.5% during the 2nd quarter. State Street Corp now owns 137,561 shares of the savings and loans company’s stock worth $6,164,000 after buying an additional 4,666 shares during the last quarter. Institutional investors own 65.49% of the company’s stock.

Timberland Bancorp Company Profile

Timberland Bancorp, Inc is the bank holding company for Timberland Bank, a community banking institution headquartered in Hoquiam, Washington. Through its subsidiary, the company provides banking services to individuals, families, businesses and public-sector customers in communities across western Washington.

Timberland Bank offers a range of deposit products, including checking, savings, money market and certificate of deposit accounts. Its lending activities include residential and commercial real estate loans, construction and land development financing, commercial business loans, consumer loans and home equity products.