Timberland Bancorp (NASDAQ:TSBK) Stock Rating Lowered by StockNews.com

StockNews.com cut shares of Timberland Bancorp (NASDAQ:TSBK) from a buy rating to a hold rating in a report published on Friday.

Timberland Bancorp Stock Up 1.5 %

TSBK stock opened at $30.80 on Friday. The company has a market cap of $245.17 million, a price-to-earnings ratio of 9.97 and a beta of 0.67. The firm has a 50-day moving average of $30.29 and a two-hundred day moving average of $30.49. Timberland Bancorp has a 12 month low of $23.93 and a 12 month high of $33.98. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.08.

Timberland Bancorp (NASDAQ:TSBK) last posted its quarterly earnings results on Monday, January 27th. The savings and loans company reported $0.86 EPS for the quarter. Timberland Bancorp had a return on equity of 10.20% and a net margin of 22.88%.

Timberland Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.00 annualized dividend and a dividend yield of 3.25%. Timberland Bancorp’s payout ratio is 32.36%.

Insider Buying and Selling

In related news, COO Jonathan Arthur Fischer sold 1,790 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $33.02, for a total value of $59,105.80. Following the transaction, the chief operating officer now directly owns 4,550 shares in the company, valued at approximately $150,241. This represents a 28.23 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 3.70% of the stock is owned by company insiders.

Institutional Investors Weigh In On Timberland Bancorp

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC lifted its stake in shares of Timberland Bancorp by 158.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,053 shares of the savings and loans company’s stock valued at $32,000 after purchasing an additional 645 shares during the last quarter. Deutsche Bank AG acquired a new position in Timberland Bancorp in the fourth quarter valued at about $76,000. SG Americas Securities LLC purchased a new position in Timberland Bancorp during the fourth quarter worth about $101,000. Wells Fargo & Company MN boosted its stake in Timberland Bancorp by 16.1% during the fourth quarter. Wells Fargo & Company MN now owns 6,959 shares of the savings and loans company’s stock worth $212,000 after buying an additional 964 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Timberland Bancorp during the third quarter valued at about $251,000. Institutional investors and hedge funds 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.