Timberland Bancorp (NASDAQ:TSBK) Stock Price Crosses Above 200 Day Moving Average – Here’s Why

Timberland Bancorp, Inc. (NASDAQ:TSBK) crossed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $43.16 and traded as high as $45.40. Timberland Bancorp shares last traded at $44.87, with a volume of 21,650 shares changing hands.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of Timberland Bancorp from a “buy (a-)” rating to a “buy (a)” rating in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, According to MarketBeat, the company presently has a consensus rating of “Strong Buy”.

Timberland Bancorp Trading Down 1.2%

The company has a market capitalization of $348.70 million, a P/E ratio of 11.23 and a beta of 0.31. The business has a fifty day moving average price of $45.76 and a 200 day moving average price of $43.21. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.04.

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

Timberland Bancorp Increases Dividend

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

Institutional Trading of Timberland Bancorp

Institutional investors and hedge funds have recently bought and sold shares of the business. Legal & General Group Plc bought a new stake in shares of Timberland Bancorp during the second quarter worth approximately $31,000. Squarepoint Ops LLC bought a new position in shares of Timberland Bancorp during the second quarter worth approximately $227,000. Sequoia Financial Advisors LLC bought a new position in shares of Timberland Bancorp during the second quarter worth approximately $238,000. Deutsche Bank AG acquired a new stake in Timberland Bancorp during the 2nd quarter worth approximately $328,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Timberland Bancorp during the 2nd quarter worth approximately $544,000. 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. Timberland Bank serves individuals, families, businesses and organizations primarily in western Washington through a network of branch locations and digital banking services.

The bank offers a range of traditional financial products, including checking and savings accounts, certificates of deposit, consumer loans, residential mortgage loans, home equity financing and commercial lending.