Timberland Bancorp (NASDAQ:TSBK) Cut to Hold at StockNews.com

StockNews.com lowered shares of Timberland Bancorp (NASDAQ:TSBK) from a buy rating to a hold rating in a research note issued to investors on Friday.

Timberland Bancorp Trading Up 1.5 %

NASDAQ TSBK opened at $30.80 on Friday. The stock has a market cap of $245.04 million, a P/E ratio of 9.97 and a beta of 0.67. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.08. Timberland Bancorp has a 12-month low of $23.93 and a 12-month high of $33.98. The company has a fifty day simple moving average of $30.25 and a two-hundred day simple moving average of $30.57.

Timberland Bancorp (NASDAQ:TSBK) last posted its quarterly 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 10.20% and a net margin of 22.88%.

Timberland Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.25%. The ex-dividend date is Friday, February 14th. Timberland Bancorp’s dividend payout ratio is currently 32.36%.

Institutional Trading of Timberland Bancorp

Hedge funds have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC lifted its position in shares of Timberland Bancorp by 158.1% during the 4th 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 in the last quarter. Deutsche Bank AG purchased a new stake in Timberland Bancorp in the fourth quarter valued at $76,000. SG Americas Securities LLC purchased a new position in shares of Timberland Bancorp during the 4th quarter worth approximately $101,000. Wells Fargo & Company MN raised its holdings in shares of Timberland Bancorp by 16.1% in the 4th 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 period. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Timberland Bancorp in the third quarter valued at approximately $251,000. 65.49% of the stock is 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, 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.