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

Timberland Bancorp, Inc. (NASDAQ:TSBK)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $38.26 and traded as high as $42.00. Timberland Bancorp shares last traded at $41.59, with a volume of 15,671 shares changing hands.

Wall Street Analyst Weigh In

Several research firms have commented on TSBK. Wall Street Zen lowered shares of Timberland Bancorp from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Timberland Bancorp in a report on Friday, March 27th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy”.

Timberland Bancorp Trading Up 0.7%

The stock has a market cap of $325.65 million, a PE ratio of 10.64 and a beta of 0.32. 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’s 50-day moving average price is $40.61 and its 200 day moving average price is $38.26.

Timberland Bancorp (NASDAQ:TSBK) last released its quarterly earnings results on Thursday, April 30th. The savings and loans company reported $0.90 EPS for the quarter. The firm 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 Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Friday, May 8th were given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend was Friday, May 8th. Timberland Bancorp’s payout ratio is presently 29.67%.

Institutional Trading of Timberland Bancorp

Several institutional investors have recently made changes to their positions in TSBK. EverSource Wealth Advisors LLC raised its position in shares of Timberland Bancorp by 20,325.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 817 shares of the savings and loans company’s stock valued at $25,000 after buying an additional 813 shares during the period. Strs Ohio acquired a new stake in Timberland Bancorp in the 1st quarter valued at approximately $33,000. Raymond James Financial Inc. acquired a new stake in Timberland Bancorp in the 2nd quarter valued at approximately $62,000. Tower Research Capital LLC TRC increased its holdings in Timberland Bancorp by 610.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,024 shares of the savings and loans company’s stock valued at $63,000 after purchasing an additional 1,739 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in Timberland Bancorp by 230.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,329 shares of the savings and loans company’s stock valued at $111,000 after purchasing an additional 2,321 shares during the last quarter. Hedge funds and other institutional investors own 65.49% of the company’s stock.

Timberland Bancorp Company Profile

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.