Timberland Bancorp (NASDAQ:TSBK) Shares Cross Above Two Hundred Day Moving Average of $26.70

Timberland Bancorp, Inc. (NASDAQ:TSBK)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $26.70 and traded as high as $31.14. Timberland Bancorp shares last traded at $30.62, with a volume of 20,502 shares trading hands.

Timberland Bancorp Price Performance

The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.95 and a current ratio of 0.95. The firm has a market cap of $245.66 million, a price-to-earnings ratio of 10.04 and a beta of 0.66. The stock’s 50 day simple moving average is $28.39 and its 200-day simple moving average is $26.70.

Timberland Bancorp (NASDAQ:TSBK) last issued its quarterly earnings results on Tuesday, July 23rd. The savings and loans company reported $0.74 earnings per share (EPS) for the quarter. Timberland Bancorp had a net margin of 23.98% and a return on equity of 10.40%. The business had revenue of $18.77 million for the quarter.

Timberland Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Friday, August 9th were paid a $0.24 dividend. The ex-dividend date of this dividend was Friday, August 9th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.14%. Timberland Bancorp’s payout ratio is currently 31.48%.

Insider Transactions at Timberland Bancorp

In other news, Director Andrea M. Clinton sold 1,000 shares of the stock in a transaction on Friday, July 26th. The shares were sold at an average price of $31.37, for a total value of $31,370.00. Following the sale, the director now owns 7,565 shares in the company, valued at $237,314.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 3.40% of the company’s stock.

Institutional Trading of Timberland Bancorp

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Panagora Asset Management Inc. grew its position in Timberland Bancorp by 8.5% during the second quarter. Panagora Asset Management Inc. now owns 23,999 shares of the savings and loans company’s stock valued at $650,000 after buying an additional 1,881 shares during the period. Bank of New York Mellon Corp grew its position in Timberland Bancorp by 11.3% during the second quarter. Bank of New York Mellon Corp now owns 25,778 shares of the savings and loans company’s stock valued at $698,000 after buying an additional 2,609 shares during the period. Vanguard Group Inc. grew its position in Timberland Bancorp by 0.7% during the first quarter. Vanguard Group Inc. now owns 408,069 shares of the savings and loans company’s stock valued at $10,985,000 after buying an additional 2,949 shares during the period. Hsbc Holdings PLC grew its position in Timberland Bancorp by 27.7% during the second quarter. Hsbc Holdings PLC now owns 13,661 shares of the savings and loans company’s stock valued at $361,000 after buying an additional 2,965 shares during the period. Finally, BNP Paribas Financial Markets grew its position in Timberland Bancorp by 42.0% during the fourth quarter. BNP Paribas Financial Markets now owns 10,612 shares of the savings and loans company’s stock valued at $334,000 after buying an additional 3,137 shares during the period. Institutional investors and hedge funds own 65.49% of the company’s stock.

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.