Timberland Bancorp (NASDAQ:TSBK) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Timberland Bancorp, Inc. (NASDAQ:TSBK) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $30.36 and traded as high as $32.39. Timberland Bancorp shares last traded at $32.30, with a volume of 15,073 shares changing hands.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered shares of Timberland Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, May 21st.

Timberland Bancorp Price Performance

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’s 50-day simple moving average is $30.89 and its 200-day simple moving average is $30.36. The company has a market cap of $255.13 million, a price-to-earnings ratio of 9.97 and a beta of 0.47.

Timberland Bancorp (NASDAQ:TSBK) last released its quarterly earnings results on Tuesday, April 22nd. The savings and loans company reported $0.85 earnings per share for the quarter. The business had revenue of $19.90 million during the quarter. Timberland Bancorp had a net margin of 23.45% and a return on equity of 10.48%.

Timberland Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 9th were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date of this dividend was Friday, May 9th. This is an increase from Timberland Bancorp’s previous quarterly dividend of $0.25. Timberland Bancorp’s payout ratio is currently 32.10%.

Institutional Investors Weigh In On Timberland Bancorp

A number of hedge funds have recently added to or reduced their stakes in the stock. Geode Capital Management LLC boosted its holdings in shares of Timberland Bancorp by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 168,813 shares of the savings and loans company’s stock valued at $5,151,000 after acquiring an additional 435 shares during the period. Tower Research Capital LLC TRC raised its position in Timberland Bancorp by 158.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,053 shares of the savings and loans company’s stock worth $32,000 after acquiring an additional 645 shares in the last quarter. Bridgeway Capital Management LLC raised its holdings in Timberland Bancorp by 0.5% during the 4th quarter. Bridgeway Capital Management LLC now owns 142,706 shares of the savings and loans company’s stock worth $4,354,000 after buying an additional 705 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its holdings in Timberland Bancorp by 6.2% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 13,701 shares of the savings and loans company’s stock worth $413,000 after buying an additional 804 shares during the period. Finally, Wells Fargo & Company MN raised its holdings in Timberland Bancorp by 16.1% during the 4th quarter. Wells Fargo & Company MN now owns 6,959 shares of the savings and loans company’s stock worth $212,000 after buying an additional 964 shares during the period. 65.49% of the stock is currently owned by 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.