Timberland Bancorp (NASDAQ:TSBK) Stock Crosses Above 200 Day Moving Average – What’s Next?

Timberland Bancorp, Inc. (NASDAQ:TSBK) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $29.79 and traded as high as $31.00. Timberland Bancorp shares last traded at $30.52, with a volume of 9,740 shares changing hands.

Timberland Bancorp Stock Performance

The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.97 and a current ratio of 0.97. The company has a market cap of $243.18 million, a P/E ratio of 10.17 and a beta of 0.67. The stock’s fifty day moving average price is $31.82 and its two-hundred day moving average price is $29.79.

Timberland Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date of this dividend was Friday, November 15th. This is a boost from Timberland Bancorp’s previous quarterly dividend of $0.24. Timberland Bancorp’s payout ratio is currently 33.33%.

Insider Activity

In related news, COO Jonathan Arthur Fischer sold 1,790 shares of the business’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $33.02, for a total transaction of $59,105.80. Following the sale, the chief operating officer now owns 4,550 shares in the company, valued at $150,241. The trade was a 28.23 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In the last three months, insiders have sold 4,111 shares of company stock worth $135,819. Corporate insiders own 3.70% of the company’s stock.

Hedge Funds Weigh In On Timberland Bancorp

Several institutional investors and hedge funds have recently added to or reduced their stakes in TSBK. Prospector Partners LLC acquired a new stake in shares of Timberland Bancorp in the third quarter valued at about $565,000. Charles Schwab Investment Management Inc. increased its position in Timberland Bancorp by 4.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 22,434 shares of the savings and loans company’s stock valued at $679,000 after purchasing an additional 1,040 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new position in Timberland Bancorp during the 3rd quarter worth approximately $251,000. De Lisle Partners LLP raised its holdings in Timberland Bancorp by 34.3% during the 3rd quarter. De Lisle Partners LLP now owns 53,633 shares of the savings and loans company’s stock worth $1,619,000 after purchasing an additional 13,698 shares during the last quarter. Finally, Hsbc Holdings PLC lifted its position in shares of Timberland Bancorp by 27.7% in the 2nd quarter. Hsbc Holdings PLC now owns 13,661 shares of the savings and loans company’s stock worth $361,000 after purchasing an additional 2,965 shares during the period. 65.49% of the stock is currently owned by institutional investors and hedge funds.

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.