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

Timberland Bancorp, Inc. (NASDAQ:TSBK) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $29.79 and traded as high as $31.00. Timberland Bancorp shares last traded at $30.52, with a volume of 9,740 shares.

Timberland Bancorp Trading Down 2.5 %

The stock has a market capitalization of $243.18 million, a P/E ratio of 10.17 and a beta of 0.67. The firm’s 50 day simple moving average is $31.82 and its two-hundred day simple moving average is $29.79. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.08.

Timberland Bancorp Increases Dividend

The company also recently declared 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 is an increase from Timberland Bancorp’s previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date was Friday, November 15th. Timberland Bancorp’s dividend payout ratio is 33.33%.

Insiders Place Their Bets

In other news, COO Jonathan Arthur Fischer sold 2,044 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $33.09, for a total transaction of $67,635.96. Following the completion of the sale, the chief operating officer now directly owns 4,550 shares of the company’s stock, valued at $150,559.50. The trade was a 31.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Over the last quarter, insiders have sold 4,111 shares of company stock worth $135,819. Corporate insiders own 3.70% of the company’s stock.

Hedge Funds Weigh In On Timberland Bancorp

Hedge funds have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp lifted its stake in Timberland Bancorp by 11.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 25,778 shares of the savings and loans company’s stock valued at $698,000 after acquiring an additional 2,609 shares in the last quarter. Panagora Asset Management Inc. raised its holdings in shares of Timberland Bancorp by 8.5% in the second quarter. Panagora Asset Management Inc. now owns 23,999 shares of the savings and loans company’s stock valued at $650,000 after purchasing an additional 1,881 shares during the last quarter. Hsbc Holdings PLC lifted its position in shares of Timberland Bancorp by 27.7% during the second quarter. Hsbc Holdings PLC now owns 13,661 shares of the savings and loans company’s stock valued at $361,000 after purchasing an additional 2,965 shares in the last quarter. Empowered Funds LLC boosted its holdings in Timberland Bancorp by 5.3% during 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 last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in Timberland Bancorp in the 3rd quarter worth 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.