Timberland Bancorp (NASDAQ:TSBK) Upgraded at StockNews.com

StockNews.com upgraded shares of Timberland Bancorp (NASDAQ:TSBK) from a hold rating to a buy rating in a research report sent to investors on Wednesday.

Timberland Bancorp Trading Down 0.7 %

Shares of TSBK stock opened at $30.48 on Wednesday. The company has a market cap of $242.93 million, a P/E ratio of 9.86 and a beta of 0.67. The stock has a 50 day simple moving average of $30.54 and a two-hundred day simple moving average of $30.46. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.97 and a current ratio of 0.97. Timberland Bancorp has a fifty-two week low of $23.93 and a fifty-two week high of $33.98.

Timberland Bancorp (NASDAQ:TSBK) last issued its earnings results on Monday, January 27th. The savings and loans company reported $0.86 earnings per share for the quarter. Timberland Bancorp had a return on equity of 10.28% and a net margin of 22.88%.

Timberland Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.00 annualized dividend and a dividend yield of 3.28%. Timberland Bancorp’s dividend payout ratio is 32.36%.

Insider Activity

In other news, COO Jonathan Arthur Fischer sold 2,044 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $33.09, for a total transaction of $67,635.96. Following the completion of the sale, the chief operating officer now owns 4,550 shares in the company, valued at $150,559.50. The trade was a 31.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 3.70% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of TSBK. Tower Research Capital LLC TRC boosted its position in shares of Timberland Bancorp by 158.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,053 shares of the savings and loans company’s stock valued at $32,000 after buying an additional 645 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Timberland Bancorp during the fourth quarter valued at approximately $101,000. Wells Fargo & Company MN boosted its position in shares of Timberland Bancorp by 16.1% during the fourth quarter. Wells Fargo & Company MN now owns 6,959 shares of the savings and loans company’s stock valued at $212,000 after buying an additional 964 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Timberland Bancorp during the third quarter valued at approximately $251,000. Finally, JPMorgan Chase & Co. boosted its position in shares of Timberland Bancorp by 141.1% during the third quarter. JPMorgan Chase & Co. now owns 14,294 shares of the savings and loans company’s stock valued at $433,000 after buying an additional 8,365 shares during the last quarter. Hedge funds and other institutional investors own 65.49% of the company’s stock.

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, 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.