Timberland Bancorp (NASDAQ:TSBK) Raised to Buy at StockNews.com

StockNews.com upgraded shares of Timberland Bancorp (NASDAQ:TSBK) from a hold rating to a buy rating in a research note issued to investors on Wednesday.

Timberland Bancorp Stock Down 2.5 %

Shares of Timberland Bancorp stock opened at $30.29 on Wednesday. The stock has a market capitalization of $241.41 million, a price-to-earnings ratio of 9.80 and a beta of 0.67. Timberland Bancorp has a twelve month low of $23.93 and a twelve month high of $33.98. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.08. The business’s 50 day simple moving average is $30.64 and its 200-day simple moving average is $30.46.

Timberland Bancorp (NASDAQ:TSBK) last issued its earnings results on Monday, January 27th. The savings and loans company reported $0.86 earnings per share for the quarter. Timberland Bancorp had a return on equity of 10.28% and a net margin of 22.88%.

Timberland Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.30%. The ex-dividend date of this dividend is Friday, February 14th. Timberland Bancorp’s payout ratio is 32.36%.

Insiders Place Their Bets

In other Timberland Bancorp news, COO Jonathan Arthur Fischer sold 2,044 shares of Timberland Bancorp stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $33.09, for a total transaction of $67,635.96. Following the sale, the chief operating officer now owns 4,550 shares of the company’s stock, valued at $150,559.50. The trade was a 31.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.70% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Empowered Funds LLC lifted its holdings in Timberland Bancorp by 5.3% in the third quarter. Empowered Funds LLC now owns 50,622 shares of the savings and loans company’s stock worth $1,532,000 after purchasing an additional 2,546 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Timberland Bancorp during the 3rd quarter valued at about $251,000. Charles Schwab Investment Management Inc. raised its position in shares of 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 worth $679,000 after buying an additional 1,040 shares in the last quarter. Prospector Partners LLC acquired a new stake in shares of Timberland Bancorp in the 3rd quarter worth approximately $565,000. Finally, De Lisle Partners LLP boosted its holdings in shares of Timberland Bancorp by 34.3% in the third quarter. De Lisle Partners LLP now owns 53,633 shares of the savings and loans company’s stock valued at $1,619,000 after acquiring an additional 13,698 shares in the last quarter. Institutional investors own 65.49% of the company’s stock.

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.