Timberland Bancorp (NASDAQ:TSBK) Shares Cross Above Two Hundred Day Moving Average – Time to Sell?

Timberland Bancorp, Inc. (NASDAQ:TSBK) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $32.11 and traded as high as $33.00. Timberland Bancorp shares last traded at $32.76, with a volume of 6,501 shares.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “buy (b-)” rating on shares of Timberland Bancorp in a research note on Thursday, October 30th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Timberland Bancorp currently has a consensus rating of “Buy”.

Timberland Bancorp Stock Down 1.4%

The firm has a market cap of $258.71 million, a price-to-earnings ratio of 9.64 and a beta of 0.53. The business’s 50-day moving average is $33.29 and its 200-day moving average is $32.11. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.99 and a current ratio of 0.99.

Timberland Bancorp (NASDAQ:TSBK) last released its quarterly earnings results on Thursday, October 30th. The savings and loans company reported $1.07 EPS for the quarter. The firm had revenue of $22.49 million for the quarter. Timberland Bancorp had a net margin of 24.19% and a return on equity of 10.79%.

Timberland Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 28th. Investors of record on Friday, November 14th will be given a dividend of $0.28 per share. This is a boost from Timberland Bancorp’s previous quarterly dividend of $0.26. The ex-dividend date is Friday, November 14th. This represents a $1.12 dividend on an annualized basis and a yield of 3.4%. Timberland Bancorp’s dividend payout ratio is currently 30.43%.

Hedge Funds Weigh In On Timberland Bancorp

Institutional investors have recently bought and sold shares of the business. LSV Asset Management boosted its stake in Timberland Bancorp by 7.2% in the third quarter. LSV Asset Management now owns 10,400 shares of the savings and loans company’s stock worth $346,000 after purchasing an additional 700 shares in the last quarter. Seizert Capital Partners LLC lifted its position in Timberland Bancorp by 38.7% during the 3rd quarter. Seizert Capital Partners LLC now owns 10,285 shares of the savings and loans company’s stock worth $342,000 after buying an additional 2,870 shares in the last quarter. CWM LLC lifted its position in Timberland Bancorp by 304.8% during the 3rd quarter. CWM LLC now owns 1,935 shares of the savings and loans company’s stock worth $64,000 after buying an additional 1,457 shares in the last quarter. Osaic Holdings Inc. grew its holdings in Timberland Bancorp by 3.9% during the 2nd quarter. Osaic Holdings Inc. now owns 67,751 shares of the savings and loans company’s stock worth $2,114,000 after acquiring an additional 2,551 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its position in Timberland Bancorp by 610.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,024 shares of the savings and loans company’s stock valued at $63,000 after acquiring an additional 1,739 shares in the last quarter. Institutional investors own 65.49% of the company’s stock.

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.