Timberland Bancorp (NASDAQ:TSBK) Stock Price Passes Above 200-Day Moving Average – Here’s What Happened

Timberland Bancorp, Inc. (NASDAQ:TSBK) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $32.44 and traded as high as $34.86. Timberland Bancorp shares last traded at $34.24, with a volume of 7,543 shares changing hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “buy (b)” rating on shares of Timberland Bancorp in a research report on Tuesday. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, Timberland Bancorp presently has an average rating of “Buy”.

Timberland Bancorp Stock Down 1.0%

The company’s 50-day moving average is $32.85 and its two-hundred day moving average is $32.45. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.99 and a quick ratio of 0.99. The company has a market cap of $270.39 million, a P/E ratio of 10.07 and a beta of 0.53.

Timberland Bancorp (NASDAQ:TSBK) last released its quarterly earnings data on Friday, October 31st. The savings and loans company reported $1.07 earnings per share for the quarter. The firm had revenue of $22.49 million during the quarter. Timberland Bancorp had a net margin of 24.19% and a return on equity of 10.79%.

Timberland Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 28th. Investors of record on Friday, November 14th were issued a $0.28 dividend. The ex-dividend date of this dividend was Friday, November 14th. This represents a $1.12 annualized dividend and a yield of 3.3%. This is an increase from Timberland Bancorp’s previous quarterly dividend of $0.26. Timberland Bancorp’s payout ratio is currently 30.43%.

Institutional Investors Weigh In On Timberland Bancorp

Large investors have recently made changes to their positions in the company. Royce & Associates LP increased its stake in Timberland Bancorp by 3.7% during the third quarter. Royce & Associates LP now owns 288,914 shares of the savings and loans company’s stock worth $9,615,000 after acquiring an additional 10,203 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Timberland Bancorp by 0.9% during the second quarter. Geode Capital Management LLC now owns 175,399 shares of the savings and loans company’s stock worth $5,473,000 after buying an additional 1,484 shares during the period. M3F Inc. grew its stake in Timberland Bancorp by 0.5% in the second quarter. M3F Inc. now owns 171,401 shares of the savings and loans company’s stock valued at $5,348,000 after purchasing an additional 928 shares during the last quarter. Keeley Teton Advisors LLC raised its holdings in Timberland Bancorp by 1.9% in the first quarter. Keeley Teton Advisors LLC now owns 137,969 shares of the savings and loans company’s stock worth $4,160,000 after purchasing an additional 2,613 shares in the last quarter. Finally, Bridgeway Capital Management LLC raised its stake in shares of Timberland Bancorp by 0.9% during the 3rd quarter. Bridgeway Capital Management LLC now owns 131,638 shares of the savings and loans company’s stock worth $4,381,000 after acquiring an additional 1,126 shares in the last quarter. 65.49% of the stock is owned by institutional investors.

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.