Key Points
- Director Kelly Suter sold 1,000 shares at $48.10 each, worth $48,100, reducing their holdings by 23.92% to 3,180 shares.
- Timberland Bancorp raised its quarterly dividend from $0.30 to $0.31 per share, equivalent to an annualized $1.24 dividend and a 2.6% yield.
- The company reported quarterly earnings of $1.04 per share on $22.78 million in revenue; its consensus analyst rating was Strong Buy.
Timberland Bancorp, Inc. (NASDAQ:TSBK - Get Free Report) Director Kelly Suter sold 1,000 shares of the stock in a transaction that occurred on Monday, November 9th. The stock was sold at an average price of $48.10, for a total transaction of $48,100.00. Following the sale, the director owned 3,180 shares in the company, valued at $152,958. This represents a 23.92% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Timberland Bancorp Stock Performance
Shares of NASDAQ:TSBK opened at $48.37 on Wednesday. Timberland Bancorp, Inc. has a 1 year low of $32.34 and a 1 year high of $49.38. The stock has a market capitalization of $376.32 million, a price-to-earnings ratio of 12.14 and a beta of 0.34. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.00 and a quick ratio of 1.00. The company's 50 day simple moving average is $46.13 and its 200 day simple moving average is $42.68.
Timberland Bancorp (NASDAQ:TSBK - Get Free Report) last released its earnings results on Thursday, October 29th. The savings and loans company reported $1.04 earnings per share for the quarter. The firm had revenue of $22.78 million during 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. Stockholders of record on Thursday, November 12th will be issued a dividend of $0.31 per share. This is an increase from Timberland Bancorp's previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Thursday, November 12th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.6%. Timberland Bancorp's payout ratio is presently 30.30%.
Analyst Ratings Changes
Separately, Weiss Ratings upgraded Timberland Bancorp from a "buy (a-)" rating to a "buy (a)" rating in a research report on Thursday, October 8th. One analyst has rated the stock with a Strong Buy rating. Based on data from MarketBeat, the stock presently has a consensus rating of "Strong Buy".
View Our Latest Research Report on TSBK
Hedge Funds Weigh In On Timberland Bancorp
Institutional investors have recently added to or reduced their stakes in the stock. Legal & General Group Plc bought a new position in Timberland Bancorp in the 2nd quarter valued at approximately $31,000. Squarepoint Ops LLC acquired a new stake in Timberland Bancorp in the second quarter valued at approximately $227,000. Sequoia Financial Advisors LLC acquired a new stake in Timberland Bancorp in the second quarter valued at approximately $238,000. Deutsche Bank AG bought a new stake in shares of Timberland Bancorp during the second quarter worth $328,000. Finally, Russell Investments Group Ltd. grew its stake in shares of Timberland Bancorp by 50.0% during the third quarter. Russell Investments Group Ltd. now owns 8,631 shares of the savings and loans company's stock worth $385,000 after buying an additional 2,877 shares during the last quarter. 65.49% of the stock is currently owned by institutional investors and hedge funds.
About Timberland Bancorp
(
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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