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

Timberland Bancorp, Inc. (NASDAQ:TSBK)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $39.02 and traded as high as $45.28. Timberland Bancorp shares last traded at $43.85, with a volume of 152,041 shares.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of Timberland Bancorp in a report on Friday, March 27th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of “Buy”.

Timberland Bancorp Trading Up 3.2%

The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.01 and a current ratio of 1.01. The company has a market capitalization of $343.35 million, a PE ratio of 11.21 and a beta of 0.32. The stock has a fifty day moving average of $41.05 and a 200 day moving average of $39.02.

Timberland Bancorp (NASDAQ:TSBK) last announced its quarterly earnings data on Thursday, April 30th. The savings and loans company reported $0.90 earnings per share (EPS) for the quarter. The business had revenue of $20.90 million during the quarter. Timberland Bancorp had a net margin of 26.22% and a return on equity of 11.67%.

Timberland Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Friday, May 8th were given a dividend of $0.29 per share. The ex-dividend date was Friday, May 8th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.6%. Timberland Bancorp’s dividend payout ratio is currently 29.67%.

Institutional Trading of Timberland Bancorp

A number of institutional investors and hedge funds have recently bought and sold shares of TSBK. Quantinno Capital Management LP lifted its stake in Timberland Bancorp by 46.5% in the 1st quarter. Quantinno Capital Management LP now owns 22,504 shares of the savings and loans company’s stock worth $887,000 after purchasing an additional 7,143 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Timberland Bancorp by 2.0% during the first quarter. Bank of New York Mellon Corp now owns 23,722 shares of the savings and loans company’s stock valued at $935,000 after buying an additional 470 shares during the last quarter. Invesco Ltd. purchased a new position in Timberland Bancorp during the 4th quarter valued at approximately $231,000. Millennium Management LLC bought a new stake in Timberland Bancorp in the 4th quarter worth approximately $453,000. Finally, Panagora Asset Management Inc. raised its holdings in shares of Timberland Bancorp by 3.3% during the 4th quarter. Panagora Asset Management Inc. now owns 30,448 shares of the savings and loans company’s stock worth $1,090,000 after acquiring an additional 964 shares in the last quarter. 65.49% of the stock is currently owned by institutional investors.

About Timberland Bancorp

Timberland Bancorp, Inc is the bank holding company for Timberland Bank, a Washington-chartered commercial bank serving individuals and businesses in southwestern Washington. The company conducts its operations through Timberland Bank, offering a range of community banking services tailored to local market needs. As a publicly traded company on the NASDAQ under the symbol TSBK, Timberland Bancorp focuses on delivering personalized financial solutions while maintaining a community-oriented approach.

Timberland Bank’s core products include deposit accounts such as checking, savings and money market accounts, certificates of deposit and retirement accounts.