Timberland Bancorp (NASDAQ:TSBK) Shares Pass Above 200 Day Moving Average – Here’s Why

Shares of Timberland Bancorp, Inc. (NASDAQ:TSBK) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $29.79 and traded as high as $31.00. Timberland Bancorp shares last traded at $30.52, with a volume of 9,740 shares trading hands.

Timberland Bancorp Stock Performance

The company has a market cap of $243.18 million, a price-to-earnings ratio of 10.17 and a beta of 0.67. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.97 and a quick ratio of 0.97. The firm has a fifty day simple moving average of $31.82 and a 200 day simple moving average of $29.86.

Timberland Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were given a $0.25 dividend. This is an increase from Timberland Bancorp’s previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a yield of 3.28%. The ex-dividend date was Friday, November 15th. Timberland Bancorp’s payout ratio is currently 33.33%.

Insider Activity at Timberland Bancorp

In related news, COO Jonathan Arthur Fischer sold 2,044 shares of Timberland Bancorp stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $33.09, for a total transaction of $67,635.96. Following the sale, the chief operating officer now directly owns 4,550 shares of the company’s stock, valued at $150,559.50. This trade represents a 31.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 4,111 shares of company stock worth $135,819 in the last ninety days. 3.70% of the stock is currently owned by insiders.

Institutional Trading of Timberland Bancorp

Hedge funds have recently modified their holdings of the company. Prospector Partners LLC bought a new stake in shares of Timberland Bancorp during the third quarter valued at approximately $565,000. Charles Schwab Investment Management Inc. raised its stake in shares of Timberland Bancorp by 4.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 22,434 shares of the savings and loans company’s stock valued at $679,000 after buying an additional 1,040 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Timberland Bancorp during the 3rd quarter worth about $251,000. De Lisle Partners LLP boosted its position in shares of Timberland Bancorp by 34.3% during the 3rd quarter. De Lisle Partners LLP now owns 53,633 shares of the savings and loans company’s stock valued at $1,619,000 after acquiring an additional 13,698 shares in the last quarter. Finally, Hsbc Holdings PLC raised its position in Timberland Bancorp by 27.7% in the second quarter. Hsbc Holdings PLC now owns 13,661 shares of the savings and loans company’s stock worth $361,000 after purchasing an additional 2,965 shares in the last quarter. Institutional investors own 65.49% of the company’s stock.

Timberland Bancorp Company Profile

Timberland Bancorp, Inc operates as the bank holding company for Timberland Bank that provides various community banking services in Washington. It offers various deposit products, including money market deposit, checking, and regular savings accounts, as well as certificates of deposit. The company also provides one-to four-family residential, multi-family, and commercial real estate loans; and construction lending products, such as custom and owner/builder, speculative one- to four-family, commercial, multi-family, land development, and land development.