Key Points
- Director Michael John Stoney sold 1,000 shares on December 11 at an average price of $36.99 for $36,990, reducing his stake by 9.96% to 9,040 shares (valued at $334,389.60) — the sale was disclosed in an SEC filing.
- Timberland Bancorp raised its quarterly dividend to $0.28 (up from $0.26), equal to a $1.12 annualized payout and a roughly 3.0% yield, with a dividend payout ratio of 30.43%.
- The stock trades near $37 with a market cap of about $294 million and a P/E of 10.13; the company reported $1.07 EPS for the quarter and Weiss Ratings reiterated a "Buy" rating, matching the consensus view.
Timberland Bancorp, Inc. (NASDAQ:TSBK - Get Free Report) Director Michael John Stoney sold 1,000 shares of the stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $36.99, for a total transaction of $36,990.00. Following the sale, the director directly owned 9,040 shares in the company, valued at $334,389.60. This trade represents a 9.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Timberland Bancorp Stock Performance
TSBK traded down $0.06 on Friday, reaching $37.30. The stock had a trading volume of 496 shares, compared to its average volume of 13,743. The business's 50-day moving average price is $33.11 and its two-hundred day moving average price is $32.69. The company has a market cap of $293.88 million, a P/E ratio of 10.13 and a beta of 0.36. Timberland Bancorp, Inc. has a 12-month low of $27.51 and a 12-month high of $38.08. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 0.08.
Timberland Bancorp (NASDAQ:TSBK - Get Free Report) last posted its earnings results on Friday, October 31st. The savings and loans company reported $1.07 earnings per share (EPS) for the quarter. Timberland Bancorp had a net margin of 25.44% and a return on equity of 11.43%. The business had revenue of $24.11 million for the quarter.
Timberland Bancorp Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 28th. Shareholders of record on Friday, November 14th were issued a $0.28 dividend. The ex-dividend date of this dividend was Friday, November 14th. This is an increase from Timberland Bancorp's previous quarterly dividend of $0.26. This represents a $1.12 annualized dividend and a yield of 3.0%. Timberland Bancorp's dividend payout ratio is 30.43%.
Analysts Set New Price Targets
Separately, Weiss Ratings reiterated a "buy (b)" rating on shares of Timberland Bancorp in a research report on Monday. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of "Buy".
View Our Latest Stock Report on Timberland Bancorp
Institutional Investors Weigh In On Timberland Bancorp
Several large investors have recently bought and sold shares of the company. Royce & Associates LP raised its holdings in shares of 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 valued at $9,615,000 after acquiring an additional 10,203 shares during the last quarter. Geode Capital Management LLC increased its position in shares of 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 purchasing an additional 1,484 shares in the last quarter. M3F Inc. increased its position in shares of Timberland Bancorp by 0.5% during the second quarter. M3F Inc. now owns 171,401 shares of the savings and loans company's stock worth $5,348,000 after purchasing an additional 928 shares in the last quarter. Keeley Teton Advisors LLC raised its stake in Timberland Bancorp by 1.9% in the 1st quarter. Keeley Teton Advisors LLC now owns 137,969 shares of the savings and loans company's stock valued at $4,160,000 after purchasing an additional 2,613 shares during the last quarter. Finally, Bridgeway Capital Management LLC lifted its holdings in Timberland Bancorp by 0.9% in the 3rd quarter. Bridgeway Capital Management LLC now owns 131,638 shares of the savings and loans company's stock valued at $4,381,000 after purchasing an additional 1,126 shares in the last quarter. 65.49% of the stock is currently owned by hedge funds and other institutional investors.
About Timberland Bancorp
(
Get Free Report)
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.
Further Reading
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