Timberland Bancorp (NASDAQ:TSBK) Announces Earnings Results

Timberland Bancorp (NASDAQ:TSBK) issued its earnings results on Monday. The savings and loans company reported $1.04 earnings per share for the quarter, Zacks reports. Timberland Bancorp had a return on equity of 11.43% and a net margin of 25.44%.

Timberland Bancorp Stock Performance

TSBK stock traded down $0.18 during midday trading on Monday, hitting $36.53. 16,567 shares of the company traded hands, compared to its average volume of 14,473. Timberland Bancorp has a twelve month low of $27.51 and a twelve month high of $38.28. The stock has a market capitalization of $287.89 million, a price-to-earnings ratio of 9.93 and a beta of 0.36. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.08. The business has a 50 day simple moving average of $35.62 and a 200-day simple moving average of $33.89.

Timberland Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 28th. Shareholders of record on Friday, November 14th were issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 3.1%. This is a boost from Timberland Bancorp’s previous quarterly dividend of $0.26. The ex-dividend date was Friday, November 14th. Timberland Bancorp’s dividend payout ratio is 30.43%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Timberland Bancorp in a research report on Monday, December 29th. Wall Street Zen upgraded shares of Timberland Bancorp from a “hold” rating to a “buy” rating in a research note on Saturday, December 13th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, Timberland Bancorp presently has an average rating of “Buy”.

Insider Buying and Selling at Timberland Bancorp

In other news, Director Michael John Stoney sold 1,000 shares of Timberland Bancorp stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $36.99, for a total value of $36,990.00. Following the transaction, the director directly owned 9,040 shares in the company, valued at approximately $334,389.60. The trade was a 9.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Matthew J. Debord sold 5,195 shares of the business’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $37.51, for a total value of $194,864.45. Following the transaction, the executive vice president directly owned 5,700 shares of the company’s stock, valued at $213,807. This represents a 47.68% decrease in their position. The disclosure for this sale is available in the SEC filing. 3.60% of the stock is currently owned by corporate insiders.

Institutional Trading of Timberland Bancorp

A number of institutional investors and hedge funds have recently modified their holdings of the company. Gamco Investors INC. ET AL acquired a new stake in Timberland Bancorp during the second quarter worth $465,000. Citadel Advisors LLC bought a new stake in Timberland Bancorp in the third quarter valued at about $327,000. Barclays PLC increased its stake in Timberland Bancorp by 36.1% in the third quarter. Barclays PLC now owns 30,966 shares of the savings and loans company’s stock valued at $1,031,000 after acquiring an additional 8,209 shares during the period. Jane Street Group LLC acquired a new position in Timberland Bancorp in the first quarter worth about $235,000. Finally, Raymond James Financial Inc. lifted its stake in Timberland Bancorp by 355.0% during the third quarter. Raymond James Financial Inc. now owns 9,100 shares of the savings and loans company’s stock worth $303,000 after purchasing an additional 7,100 shares during the period. 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.