Timberland Bancorp (NASDAQ:TSBK) Releases Earnings Results

Timberland Bancorp (NASDAQ:TSBK) announced its earnings results on Tuesday. The savings and loans company reported $0.98 EPS for the quarter, Zacks reports. Timberland Bancorp had a return on equity of 11.67% and a net margin of 26.22%.

Timberland Bancorp Stock Up 1.0%

NASDAQ:TSBK traded up $0.43 during trading hours on Tuesday, hitting $44.43. 21,677 shares of the company’s stock traded hands, compared to its average volume of 30,714. The firm has a market cap of $347.89 million, a P/E ratio of 11.36 and a beta of 0.31. Timberland Bancorp has a twelve month low of $30.52 and a twelve month high of $45.63. 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 stock’s fifty day moving average price is $42.70 and its two-hundred day moving average price is $40.34.

Insider Transactions at Timberland Bancorp

In other news, Director David Alan Smith sold 1,000 shares of the 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 completion of the sale, the director directly owned 18,468 shares of the company’s stock, valued at $810,745.20. This represents a 5.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 3.60% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC grew its holdings 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 acquiring an additional 813 shares in the last quarter. Strs Ohio purchased a new stake in shares of Timberland Bancorp during the first quarter worth $33,000. Raymond James Financial Inc. acquired a new stake in Timberland Bancorp during the second quarter valued at $62,000. Tower Research Capital LLC TRC boosted its position in Timberland Bancorp by 610.2% during the second 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 grew its stake in Timberland Bancorp by 230.3% in the third 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 in the last quarter. 65.49% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

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.