Key Points
- EVP Matthew Debord sold 5,195 shares at an average price of $37.51 for total proceeds of $194,864.45, cutting his stake by 47.68% to 5,700 shares; the sale was disclosed in an SEC filing.
- The stock traded up to $37.72 (up 0.7%) with a market cap around $297.2M and P/E of 10.25, and the company raised its quarterly dividend to $0.28 ($1.12 annualized) for a ~3.0% yield.
- Analyst and institutional backing appears favorable: Wall Street Zen upgraded TSBK to a "buy", the consensus rating is "Buy", and institutional investors own about 65.5% of the shares.
Timberland Bancorp, Inc. (NASDAQ:TSBK - Get Free Report) EVP Matthew Debord sold 5,195 shares of the firm's stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $37.51, for a total transaction of $194,864.45. Following the completion of the transaction, the executive vice president owned 5,700 shares of the company's stock, valued at approximately $213,807. This trade represents a 47.68% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Timberland Bancorp Trading Up 0.7%
TSBK traded up $0.27 during trading on Thursday, reaching $37.72. 1,472 shares of the company's stock were exchanged, compared to its average volume of 13,829. Timberland Bancorp, Inc. has a one year low of $27.51 and a one year high of $38.08. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $297.19 million, a PE ratio of 10.25 and a beta of 0.36. The firm has a fifty day moving average price of $33.50 and a two-hundred day moving average price of $32.89.
Timberland Bancorp (NASDAQ:TSBK - Get Free Report) last released its quarterly earnings results on Friday, October 31st. The savings and loans company reported $1.07 earnings per share (EPS) for the quarter. The firm had revenue of $24.11 million during the quarter. Timberland Bancorp had a net margin of 25.44% and a return on equity of 11.43%.
Timberland Bancorp Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, November 28th. Investors of record on Friday, November 14th were given a dividend of $0.28 per share. The ex-dividend date of this dividend was Friday, November 14th. This represents a $1.12 annualized dividend and a yield of 3.0%. This is an increase from Timberland Bancorp's previous quarterly dividend of $0.26. Timberland Bancorp's dividend payout ratio is 30.43%.
Analysts Set New Price Targets
TSBK has been the topic of a number of analyst reports. Wall Street Zen upgraded Timberland Bancorp from a "hold" rating to a "buy" rating in a research report on Saturday, December 13th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Timberland Bancorp in a research note on Monday. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Timberland Bancorp has an average rating of "Buy".
Read Our Latest Stock Report on Timberland Bancorp
Institutional Trading of Timberland Bancorp
A number of large investors have recently bought and sold shares of TSBK. Charles Schwab Investment Management Inc. lifted its stake in shares of Timberland Bancorp by 4.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 22,379 shares of the savings and loans company's stock valued at $675,000 after purchasing an additional 972 shares during the period. Deutsche Bank AG grew its stake in Timberland Bancorp by 57.4% during the first quarter. Deutsche Bank AG now owns 3,901 shares of the savings and loans company's stock worth $118,000 after purchasing an additional 1,423 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its holdings in Timberland Bancorp by 6.2% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 13,701 shares of the savings and loans company's stock worth $413,000 after purchasing an additional 804 shares in the last quarter. Nuveen LLC acquired a new position in Timberland Bancorp in the first quarter valued at approximately $381,000. Finally, Keeley Teton Advisors LLC lifted its stake in Timberland Bancorp by 1.9% in the first quarter. Keeley Teton Advisors LLC now owns 137,969 shares of the savings and loans company's stock valued at $4,160,000 after buying an additional 2,613 shares during the period. 65.49% of the stock is currently owned by institutional investors and hedge funds.
Timberland Bancorp Company Profile
(
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.
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