Timberland Bancorp (NASDAQ:TSBK) Shares Cross Above Two Hundred Day Moving Average – Should You Sell?

by · The Cerbat Gem

Timberland Bancorp, Inc. (NASDAQ:TSBK – Get Free Report) crossed above its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $43.42 and traded as high as $45.80. Timberland Bancorp shares last traded at $45.38, with a volume of 17,801 shares.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of Timberland Bancorp from a “buy (a-)” rating to a “buy (a)” rating in a research note on Thursday, October 8th. One analyst has rated the stock with a Strong Buy rating. According to data from MarketBeat, the company has an average rating of “Strong Buy”.

Get Our Latest Stock Report on Timberland Bancorp

Timberland Bancorp Trading Up 0.4%

The business has a 50 day moving average of $45.76 and a two-hundred day moving average of $43.44. The firm has a market capitalization of $354.30 million, a price-to-earnings ratio of 11.41 and a beta of 0.31. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.00 and a current ratio of 1.00.

Timberland Bancorp (NASDAQ:TSBK – Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The savings and loans company reported $0.98 EPS for the quarter. The firm had revenue of $21.10 million during the quarter. Timberland Bancorp had a return on equity of 11.72% and a net margin of 26.46%.

Timberland Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 24th. Investors of record on Monday, August 10th were issued a $0.30 dividend. The ex-dividend date was Monday, August 10th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.6%. This is an increase from Timberland Bancorp’s previous quarterly dividend of $0.29. Timberland Bancorp’s dividend payout ratio (DPR) is 30.08%.

Institutional Trading of Timberland Bancorp

Several hedge funds have recently bought and sold shares of TSBK. Legal & General Group Plc acquired a new position in Timberland Bancorp during the second quarter worth $31,000. Squarepoint Ops LLC bought a new position in shares of Timberland Bancorp in the second quarter valued at $227,000. Sequoia Financial Advisors LLC bought a new position in shares of Timberland Bancorp in the second quarter valued at $238,000. Deutsche Bank AG acquired a new position in shares of Timberland Bancorp during the second quarter valued at about $328,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Timberland Bancorp during the second quarter valued at about $544,000. Institutional investors and hedge funds own 65.49% of the company’s stock.

About Timberland Bancorp

(Get Free Report)

Timberland Bancorp, Inc is the bank holding company for Timberland Bank, a community banking institution headquartered in Hoquiam, Washington. Timberland Bank serves individuals, families, businesses and organizations primarily in western Washington through a network of branch locations and digital banking services.

The bank offers a range of traditional financial products, including checking and savings accounts, certificates of deposit, consumer loans, residential mortgage loans, home equity financing and commercial lending.

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