Key Points
- Director Andrea Clinton sold 400 shares for $19,388 at an average price of $48.47, reducing her position by 3.98% to 9,645 shares.
- Timberland Bancorp reported quarterly earnings of $1.04 per share on $22.78 million in revenue and raised its quarterly dividend from $0.30 to $0.31 per share.
- Weiss Ratings upgraded the stock to “Buy (A),” and institutional investors own 65.49% of the company’s shares.
Timberland Bancorp, Inc. (NASDAQ:TSBK - Get Free Report) Director Andrea Clinton sold 400 shares of the company's stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $48.47, for a total value of $19,388.00. Following the completion of the transaction, the director directly owned 9,645 shares of the company's stock, valued at approximately $467,493.15. The trade was a 3.98% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Timberland Bancorp Price Performance
Timberland Bancorp stock opened at $47.77 on Friday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $371.65 million, a PE ratio of 12.06 and a beta of 0.34. Timberland Bancorp, Inc. has a 12 month low of $32.34 and a 12 month high of $49.38. The stock has a 50-day moving average price of $46.01 and a two-hundred day moving average price of $42.51.
Timberland Bancorp (NASDAQ:TSBK - Get Free Report) last announced its quarterly earnings results on Thursday, October 29th. The savings and loans company reported $1.04 EPS for the quarter. The firm had revenue of $22.78 million for the quarter. Timberland Bancorp had a return on equity of 11.51% and a net margin of 26.18%.
Timberland Bancorp Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, November 27th. Shareholders of record on Thursday, November 12th will be given a $0.31 dividend. This is an increase from Timberland Bancorp's previous quarterly dividend of $0.30. The ex-dividend date is Thursday, November 12th. This represents a $1.24 annualized dividend and a yield of 2.6%. Timberland Bancorp's dividend payout ratio is currently 30.30%.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings raised shares of Timberland Bancorp from a "buy (a-)" rating to a "buy (a)" rating in a research note on Thursday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating. According to data from MarketBeat.com, Timberland Bancorp has an average rating of "Strong Buy".
Get Our Latest Research Report on Timberland Bancorp
Institutional Investors Weigh In On Timberland Bancorp
A number of institutional investors have recently made changes to their positions in the stock. BlackRock Inc. acquired a new stake in shares of Timberland Bancorp in the second quarter valued at about $30,927,000. The Manufacturers Life Insurance Company bought a new position in shares of Timberland Bancorp during the second quarter worth about $12,751,000. De Lisle Partners LLP bought a new position in shares of Timberland Bancorp during the second quarter worth about $2,922,000. Westport Asset Management Inc. bought a new position in shares of Timberland Bancorp during the second quarter worth about $3,626,000. Finally, Hsbc Holdings PLC acquired a new position in shares of Timberland Bancorp in the second quarter worth approximately $1,209,000. Institutional investors own 65.49% of the company's stock.
Timberland Bancorp Company Profile
(
Get Free Report)
Timberland Bancorp, Inc is the holding company for Timberland Bank, a community banking institution headquartered in Hoquiam, Washington. The bank serves individuals, families, businesses and public-sector organizations in communities across western Washington.
Timberland Bank offers deposit products, including checking, savings, money market and certificate accounts, along with consumer and commercial lending. Its loan portfolio includes residential real estate, commercial real estate, construction and land development, agricultural, small-business and consumer loans.
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