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

Timberland Bancorp, Inc. (NASDAQ:TSBK)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $40.34 and traded as high as $44.20. Timberland Bancorp shares last traded at $44.00, with a volume of 32,969 shares traded.

Wall Street Analyst Weigh In

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

Timberland Bancorp Stock Performance

The firm’s 50 day moving average is $42.70 and its two-hundred day moving average is $40.34. The stock has a market capitalization of $344.52 million, a PE ratio of 11.25 and a beta of 0.31. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.01 and a current ratio of 1.01.

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

Insider Buying and Selling at Timberland Bancorp

In other news, Director David Alan Smith sold 1,000 shares of the company’s stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $43.90, for a total transaction of $43,900.00. Following the sale, the director owned 18,468 shares of the company’s stock, valued at approximately $810,745.20. This represents a 5.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 3.60% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of TSBK. State Street Corp grew its stake in Timberland Bancorp by 1.9% during the 4th quarter. State Street Corp now owns 126,758 shares of the savings and loans company’s stock worth $4,538,000 after purchasing an additional 2,322 shares in the last quarter. Fourthstone LLC grew its stake in shares of Timberland Bancorp by 207.5% during the fourth quarter. Fourthstone LLC now owns 109,687 shares of the savings and loans company’s stock worth $3,927,000 after purchasing an additional 74,011 shares in the last quarter. Empowered Funds LLC increased its holdings in Timberland Bancorp by 3.7% in the first quarter. Empowered Funds LLC now owns 53,481 shares of the savings and loans company’s stock valued at $1,612,000 after buying an additional 1,909 shares during the last quarter. Panagora Asset Management Inc. raised its stake in Timberland Bancorp by 3.3% in the fourth quarter. Panagora Asset Management Inc. now owns 30,448 shares of the savings and loans company’s stock valued at $1,090,000 after buying an additional 964 shares in the last quarter. Finally, Barclays PLC lifted its holdings in Timberland Bancorp by 36.1% during the 3rd quarter. Barclays PLC now owns 30,966 shares of the savings and loans company’s stock worth $1,031,000 after buying an additional 8,209 shares during the last quarter. 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.