Timberland Bancorp (NASDAQ:TSBK) Cut to Hold at StockNews.com

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

Timberland Bancorp Trading Up 1.5 %

Shares of TSBK stock opened at $30.80 on Friday. The business’s fifty day moving average price is $30.25 and its 200 day moving average price is $30.57. The firm has a market capitalization of $245.04 million, a PE ratio of 9.97 and a beta of 0.67. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.98 and a quick ratio of 0.98. Timberland Bancorp has a 1-year low of $23.93 and a 1-year high of $33.98.

Timberland Bancorp (NASDAQ:TSBK) last posted its quarterly earnings results 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 10.20%.

Timberland Bancorp Announces Dividend

The business 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 dividend on an annualized basis and a dividend yield of 3.25%. Timberland Bancorp’s payout ratio is 32.36%.

Institutional Investors Weigh In On Timberland Bancorp

Institutional investors and hedge funds have recently modified their holdings of the company. Tower Research Capital LLC TRC raised its holdings in Timberland Bancorp by 158.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,053 shares of the savings and loans company’s stock worth $32,000 after purchasing an additional 645 shares during the last quarter. Deutsche Bank AG purchased a new position in shares of Timberland Bancorp in the fourth quarter valued at $76,000. SG Americas Securities LLC acquired a new position in shares of Timberland Bancorp during the 4th quarter worth $101,000. Wells Fargo & Company MN boosted its position in shares of Timberland Bancorp by 16.1% in the 4th 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 in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Timberland Bancorp in the 3rd 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.