Timberland Bancorp (NASDAQ:TSBK) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

Timberland Bancorp, Inc. (NASDAQ:TSBK)’s stock price passed 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 Stock Down 0.5 %

The firm has a market capitalization of $260.70 million, a price-to-earnings ratio of 10.90 and a beta of 0.67. The firm has a fifty day moving average price of $31.43 and a 200 day moving average price of $29.31. 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 Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.00 dividend on an annualized basis and a yield of 3.06%. This is a positive change from Timberland Bancorp’s previous quarterly dividend of $0.24. Timberland Bancorp’s payout ratio is currently 33.33%.

Insider Activity

In other news, COO Jonathan Arthur Fischer sold 2,044 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $33.09, for a total transaction of $67,635.96. Following the sale, the chief operating officer now directly owns 4,550 shares of the company’s stock, valued at $150,559.50. This represents a 31.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last ninety days, insiders sold 4,111 shares of company stock worth $135,819. 3.40% of the stock is owned by corporate insiders.

Institutional Trading of Timberland Bancorp

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Timberland Bancorp in the 3rd quarter valued at about $251,000. Hsbc Holdings PLC raised its position 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 valued at $361,000 after acquiring an additional 2,965 shares during the last quarter. Prospector Partners LLC acquired a new position in shares of Timberland Bancorp in the 3rd quarter valued at $565,000. Barclays PLC boosted its position in shares of Timberland Bancorp by 52.1% in the 3rd 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. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Timberland Bancorp by 4.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 22,434 shares of the savings and loans company’s stock worth $679,000 after purchasing an additional 1,040 shares during the period. 65.49% of the stock is currently owned by institutional investors and hedge funds.

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.