Timberland Bancorp (NASDAQ:TSBK) Share Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Timberland Bancorp, Inc. (NASDAQ:TSBK) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $27.65 and traded as high as $29.80. Timberland Bancorp shares last traded at $29.80, with a volume of 2,859 shares changing hands.

Timberland Bancorp Price Performance

The stock has a market capitalization of $239.09 million, a price-to-earnings ratio of 9.77 and a beta of 0.65. The business’s fifty day moving average price is $29.98 and its 200-day moving average price is $27.65. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.97 and a quick ratio of 0.97.

Timberland Bancorp (NASDAQ:TSBK) last issued its quarterly earnings data on Tuesday, July 23rd. The savings and loans company reported $0.74 earnings per share (EPS) for the quarter. The firm had revenue of $18.77 million during the quarter. Timberland Bancorp had a net margin of 23.98% and a return on equity of 10.34%.

Insider Activity

In related news, Director Andrea M. Clinton sold 1,000 shares of the business’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $31.37, for a total transaction of $31,370.00. Following the transaction, the director now directly owns 7,565 shares in the company, valued at approximately $237,314.05. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 3.40% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Timberland Bancorp by 0.7% in the first quarter. Vanguard Group Inc. now owns 408,069 shares of the savings and loans company’s stock worth $10,985,000 after acquiring an additional 2,949 shares during the period. Empowered Funds LLC raised its position in Timberland Bancorp by 8.1% in the first quarter. Empowered Funds LLC now owns 46,565 shares of the savings and loans company’s stock worth $1,254,000 after acquiring an additional 3,500 shares during the period. Bank of New York Mellon Corp raised its position in Timberland Bancorp by 11.3% in the second quarter. Bank of New York Mellon Corp now owns 25,778 shares of the savings and loans company’s stock worth $698,000 after acquiring an additional 2,609 shares during the period. Panagora Asset Management Inc. raised its position in Timberland Bancorp by 8.5% in the second quarter. Panagora Asset Management Inc. now owns 23,999 shares of the savings and loans company’s stock worth $650,000 after acquiring an additional 1,881 shares during the period. Finally, BNP Paribas Financial Markets raised its position in Timberland Bancorp by 48.0% in the first quarter. BNP Paribas Financial Markets now owns 15,703 shares of the savings and loans company’s stock worth $423,000 after acquiring an additional 5,091 shares during the period. 65.49% of the stock is currently owned by hedge funds and other institutional investors.

Timberland Bancorp Company Profile

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.