Timberland Bancorp (NASDAQ:TSBK) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Timberland Bancorp, Inc. (NASDAQ:TSBK) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $29.31 and traded as high as $33.27. Timberland Bancorp shares last traded at $32.88, with a volume of 17,677 shares changing hands.

Timberland Bancorp Price Performance

The company’s 50 day simple moving average is $31.43 and its 200 day simple moving average is $29.31. The stock has a market cap of $260.70 million, a P/E ratio of 10.90 and a beta of 0.67. 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 Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.06%. The ex-dividend date of this dividend was Friday, November 15th. This is an increase from Timberland Bancorp’s previous quarterly dividend of $0.24. Timberland Bancorp’s dividend payout ratio (DPR) is presently 33.33%.

Insider Buying and Selling at Timberland Bancorp

In related news, COO Jonathan Arthur Fischer sold 2,044 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $33.09, for a total value of $67,635.96. Following the sale, the chief operating officer now directly owns 4,550 shares of the company’s stock, valued at approximately $150,559.50. The trade was a 31.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Over the last ninety days, insiders sold 4,111 shares of company stock valued at $135,819. Company insiders own 3.40% of the company’s stock.

Institutional Trading of Timberland Bancorp

Hedge funds and other institutional investors have recently modified their holdings of the company. Bank of New York Mellon Corp grew its holdings in shares of Timberland Bancorp by 11.3% during 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 buying an additional 2,609 shares in the last quarter. Panagora Asset Management Inc. grew its stake in shares of Timberland Bancorp by 8.5% during the 2nd 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 in the last quarter. Hsbc Holdings PLC grew its stake in shares of Timberland Bancorp by 27.7% during the 2nd quarter. Hsbc Holdings PLC now owns 13,661 shares of the savings and loans company’s stock worth $361,000 after acquiring an additional 2,965 shares in the last quarter. Empowered Funds LLC raised its holdings in shares of 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 valued at $1,532,000 after purchasing an additional 2,546 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Timberland Bancorp in the third quarter worth $251,000. Institutional investors and hedge funds own 65.49% of the company’s stock.

About Timberland Bancorp

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.