Timberland Bancorp (NASDAQ:TSBK) Stock: Insider Andrea Clinton Sells 400 Shares

Timberland Bancorp, Inc. (NASDAQ:TSBK) Director Andrea Clinton sold 400 shares of Timberland Bancorp stock in a transaction that occurred on Wednesday, November 4th. The stock was sold at an average price of $48.47, for a total value of $19,388.00. Following the completion of the sale, the director directly owned 9,645 shares in the company, valued at approximately $467,493.15. The trade was a 3.98% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Timberland Bancorp Price Performance

Shares of NASDAQ TSBK opened at $47.96 on Friday. The stock has a market cap of $373.13 million, a price-to-earnings ratio of 12.06 and a beta of 0.34. The company’s 50-day moving average price is $46.04 and its 200 day moving average price is $42.57. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.04. Timberland Bancorp, Inc. has a 52 week low of $32.34 and a 52 week high of $49.38.

Timberland Bancorp (NASDAQ:TSBK) last released its earnings results on Thursday, October 29th. The savings and loans company reported $1.04 earnings per share for the quarter. Timberland Bancorp had a net margin of 26.18% and a return on equity of 11.51%. The business had revenue of $22.78 million during the quarter.

Timberland Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 27th. Shareholders of record on Thursday, November 12th will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Thursday, November 12th. This is an increase from Timberland Bancorp’s previous quarterly dividend of $0.30. Timberland Bancorp’s payout ratio is 30.30%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded Timberland Bancorp from a “buy (a-)” rating to a “buy (a)” rating in a research report on Thursday, October 8th. One analyst has rated the stock with a Strong Buy rating. According to MarketBeat.com, the company currently has a consensus rating of “Strong Buy”.

Institutional Trading of Timberland Bancorp

Several institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. acquired a new position in shares of Timberland Bancorp in the second quarter worth about $30,927,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Timberland Bancorp during the second quarter worth $12,751,000. Davis Asset Management L.P. bought a new stake in shares of Timberland Bancorp in the 2nd quarter worth approximately $7,818,000. State Street Corp grew its position in Timberland Bancorp by 3.5% in the 2nd quarter. State Street Corp now owns 137,561 shares of the savings and loans company’s stock worth $6,164,000 after purchasing an additional 4,666 shares during the period. Finally, Westport Asset Management Inc. bought a new stake in Timberland Bancorp in the 2nd quarter worth approximately $3,626,000. 65.49% of the stock is currently owned by hedge funds and other institutional investors.

About Timberland Bancorp

Timberland Bancorp, Inc is the holding company for Timberland Bank, a community banking institution headquartered in Hoquiam, Washington. The bank serves individuals, families, businesses and public-sector organizations in communities across western Washington.

Timberland Bank offers deposit products, including checking, savings, money market and certificate accounts, along with consumer and commercial lending. Its loan portfolio includes residential real estate, commercial real estate, construction and land development, agricultural, small-business and consumer loans.