Timberland Bancorp (NASDAQ:TSBK) Stock Crosses Above 200-Day Moving Average – Should You Sell?

Shares of Timberland Bancorp, Inc. (NASDAQ:TSBK) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $39.99 and traded as high as $45.21. Timberland Bancorp shares last traded at $43.77, with a volume of 57,779 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of Timberland Bancorp in a report on Wednesday, June 24th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

Timberland Bancorp Price Performance

The firm has a 50-day moving average of $42.21 and a 200 day moving average of $39.99. The company has a market capitalization of $342.72 million, a PE ratio of 11.19 and a beta of 0.31. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.01 and a quick ratio of 1.01.

Timberland Bancorp (NASDAQ:TSBK) last posted its earnings results 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 for 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 disclosed a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Friday, May 8th were issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Friday, May 8th. Timberland Bancorp’s payout ratio is presently 29.67%.

Insiders Place Their Bets

In related news, Director David Alan Smith sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $43.90, for a total value of $43,900.00. Following the sale, the director owned 18,468 shares in the company, valued at approximately $810,745.20. This trade represents a 5.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Timberland Bancorp

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