Timberland Bancorp (NASDAQ:TSBK) Upgraded by StockNews.com to “Buy” Rating

StockNews.com upgraded shares of Timberland Bancorp (NASDAQ:TSBK) from a hold rating to a buy rating in a research report released on Wednesday morning.

Timberland Bancorp Price Performance

Shares of TSBK stock opened at $30.29 on Wednesday. The firm has a fifty day simple moving average of $30.64 and a 200-day simple moving average of $30.46. The company has a market capitalization of $241.41 million, a PE 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.

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

Timberland Bancorp Dividend Announcement

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

Insider Buying and Selling at Timberland Bancorp

In other news, COO Jonathan Arthur Fischer sold 1,790 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $33.02, for a total value of $59,105.80. Following the completion of the sale, the chief operating officer now owns 4,550 shares of the company’s stock, valued at approximately $150,241. The trade was a 28.23 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.70% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Timberland Bancorp

Hedge funds have recently bought and sold shares of the company. SG Americas Securities LLC acquired a new stake in Timberland Bancorp during the fourth quarter valued at approximately $101,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Timberland Bancorp in the 3rd quarter valued at approximately $251,000. JPMorgan Chase & Co. raised its position in shares of Timberland Bancorp by 141.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 14,294 shares of the savings and loans company’s stock valued at $433,000 after acquiring an additional 8,365 shares in the last quarter. Prospector Partners LLC bought a new position in Timberland Bancorp during the third quarter worth $565,000. Finally, Barclays PLC lifted its stake in Timberland Bancorp by 52.1% during the third quarter. Barclays PLC now owns 19,643 shares of the savings and loans company’s stock worth $595,000 after purchasing an additional 6,725 shares during the last quarter. 65.49% of the stock is currently owned by institutional investors and hedge funds.

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.