Timberland Bancorp (NASDAQ:TSBK) Share Price Crosses Above 200 Day Moving Average – Here’s What Happened

Timberland Bancorp, Inc. (NASDAQ:TSBK) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $32.59 and traded as high as $34.62. Timberland Bancorp shares last traded at $34.41, with a volume of 13,560 shares.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “buy (b)” rating on shares of Timberland Bancorp in a report on Monday, December 1st. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, Timberland Bancorp presently has an average rating of “Buy”.

Timberland Bancorp Price Performance

The stock has a fifty day moving average of $32.89 and a 200 day moving average of $32.59. The stock has a market cap of $271.84 million, a price-to-earnings ratio of 9.35 and a beta of 0.36. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.99 and a quick ratio of 0.99.

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. Timberland Bancorp had a net margin of 25.44% and a return on equity of 11.54%. The company had revenue of $22.49 million during the quarter.

Timberland Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 28th. Shareholders of record on Friday, November 14th were issued a $0.28 dividend. The ex-dividend date of this dividend was Friday, November 14th. This is a positive change from Timberland Bancorp’s previous quarterly dividend of $0.26. This represents a $1.12 annualized dividend and a yield of 3.3%. Timberland Bancorp’s dividend payout ratio is currently 30.43%.

Hedge Funds Weigh In On Timberland Bancorp

A number of institutional investors have recently modified their holdings of the stock. Royce & Associates LP increased its position in shares of Timberland Bancorp by 3.7% in the third quarter. Royce & Associates LP now owns 288,914 shares of the savings and loans company’s stock valued at $9,615,000 after buying an additional 10,203 shares in the last quarter. Geode Capital Management LLC grew its stake in Timberland Bancorp by 0.9% in the 2nd quarter. Geode Capital Management LLC now owns 175,399 shares of the savings and loans company’s stock valued at $5,473,000 after acquiring an additional 1,484 shares during the period. M3F Inc. increased its holdings in Timberland Bancorp by 0.5% in the 2nd quarter. M3F Inc. now owns 171,401 shares of the savings and loans company’s stock worth $5,348,000 after acquiring an additional 928 shares in the last quarter. Keeley Teton Advisors LLC raised its position in Timberland Bancorp by 1.9% during the first quarter. Keeley Teton Advisors LLC now owns 137,969 shares of the savings and loans company’s stock worth $4,160,000 after acquiring an additional 2,613 shares during the period. Finally, Bridgeway Capital Management LLC raised its position in Timberland Bancorp by 0.9% during the third quarter. Bridgeway Capital Management LLC now owns 131,638 shares of the savings and loans company’s stock worth $4,381,000 after acquiring an additional 1,126 shares during the period. Hedge funds and other institutional investors own 65.49% of the company’s stock.

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.