Timberland Bancorp (NASDAQ:TSBK) Shares Pass Above 200 Day Moving Average – What’s Next?

Timberland Bancorp, Inc. (NASDAQ:TSBK)’s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $42.59 and traded as high as $46.13. Timberland Bancorp shares last traded at $45.55, with a volume of 27,690 shares traded.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of Timberland Bancorp from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Friday. One investment analyst has rated the stock with a Strong Buy rating, According to MarketBeat, Timberland Bancorp currently has an average rating of “Strong Buy”.

Timberland Bancorp Stock Down 1.6%

The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.04. The company has a market cap of $348.70 million, a PE ratio of 11.23 and a beta of 0.31. The stock has a 50-day moving average of $45.50 and a 200-day moving average of $42.64.

Timberland Bancorp (NASDAQ:TSBK) last released its quarterly earnings results on Wednesday, July 29th. The savings and loans company reported $0.98 earnings per share for the quarter. The firm had revenue of $21.10 million for the quarter. Timberland Bancorp had a return on equity of 11.72% and a net margin of 26.46%.

Timberland Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 24th. Investors of record on Monday, August 10th were paid a $0.30 dividend. This is an increase from Timberland Bancorp’s previous quarterly dividend of $0.29. This represents a $1.20 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend was Monday, August 10th. Timberland Bancorp’s payout ratio is 30.08%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. State Street Corp raised its stake in shares of Timberland Bancorp by 3.5% during the second quarter. State Street Corp now owns 137,561 shares of the savings and loans company’s stock worth $6,164,000 after acquiring an additional 4,666 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new position in Timberland Bancorp in the 2nd quarter worth $238,000. Squarepoint Ops LLC bought a new stake in Timberland Bancorp in the second quarter worth $227,000. Citadel Advisors LLC boosted its position in Timberland Bancorp by 127.7% during the second quarter. Citadel Advisors LLC now owns 12,810 shares of the savings and loans company’s stock valued at $574,000 after buying an additional 7,183 shares during the period. Finally, Hsbc Holdings PLC grew its stake in shares of Timberland Bancorp by 11.8% during the second quarter. Hsbc Holdings PLC now owns 27,171 shares of the savings and loans company’s stock valued at $1,209,000 after buying an additional 2,866 shares during the last quarter. 65.49% of the stock is currently owned by hedge funds and other institutional investors.

Timberland Bancorp Company Profile

Timberland Bancorp, Inc is the bank holding company for Timberland Bank, a community banking institution headquartered in Hoquiam, Washington. Through its subsidiary, the company provides banking services to individuals, families, businesses and public-sector customers in communities across western Washington.

Timberland Bank offers a range of deposit products, including checking, savings, money market and certificate of deposit accounts. Its lending activities include residential and commercial real estate loans, construction and land development financing, commercial business loans, consumer loans and home equity products.