Timberland Bancorp (NASDAQ:TSBK) Share Price Crosses Above 200 Day Moving Average of $27.09

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 $27.09 and traded as high as $29.84. Timberland Bancorp shares last traded at $29.69, with a volume of 19,961 shares trading hands.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Timberland Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, October 25th.

Timberland Bancorp Stock Performance

The business has a 50-day moving average of $28.12 and a two-hundred day moving average of $27.15. The company has a market cap of $240.49 million, a P/E ratio of 9.05 and a beta of 0.98. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.91 and a quick ratio of 0.91.

Timberland Bancorp (NASDAQ:TSBK) last issued its quarterly earnings data on Monday, October 30th. The savings and loans company reported $0.81 earnings per share for the quarter. Timberland Bancorp had a return on equity of 11.96% and a net margin of 29.77%.

Timberland Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 27th. Shareholders of record on Monday, November 13th will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 3.10%. The ex-dividend date is Friday, November 10th. Timberland Bancorp’s dividend payout ratio is presently 28.05%.

Insiders Place Their Bets

In other Timberland Bancorp news, Director David Alan Smith sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $27.85, for a total value of $27,850.00. Following the completion of the sale, the director now owns 16,523 shares of the company’s stock, valued at $460,165.55. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 5.60% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp increased its position in shares of Timberland Bancorp by 2.2% in the first quarter. Bank of New York Mellon Corp now owns 33,297 shares of the savings and loans company’s stock valued at $900,000 after buying an additional 705 shares in the last quarter. Acadian Asset Management LLC increased its position in shares of Timberland Bancorp by 156.7% in the first quarter. Acadian Asset Management LLC now owns 4,797 shares of the savings and loans company’s stock valued at $128,000 after buying an additional 2,928 shares in the last quarter. State Street Corp increased its position in shares of Timberland Bancorp by 9.3% in the first quarter. State Street Corp now owns 25,846 shares of the savings and loans company’s stock valued at $698,000 after buying an additional 2,205 shares in the last quarter. Keeley Teton Advisors LLC increased its position in shares of Timberland Bancorp by 21.4% in the first quarter. Keeley Teton Advisors LLC now owns 136,481 shares of the savings and loans company’s stock valued at $3,686,000 after buying an additional 24,036 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in shares of Timberland Bancorp by 26.1% in the first quarter. The Manufacturers Life Insurance Company now owns 408,177 shares of the savings and loans company’s stock valued at $11,025,000 after buying an additional 84,471 shares in the last quarter. 63.11% of the stock is currently owned by hedge funds and other institutional investors.

About Timberland Bancorp

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, commercial real estate, construction, custom and owner/builder construction, speculative one- to four-family construction, commercial construction, multi-family construction, land development construction, and land development loans.