Timberland Bancorp (NASDAQ:TSBK) Downgraded to Hold Rating by StockNews.com

StockNews.com lowered shares of Timberland Bancorp (NASDAQ:TSBK) from a buy rating to a hold rating in a research note issued to investors on Friday.

Timberland Bancorp Trading Up 1.5 %

Timberland Bancorp stock opened at $30.80 on Friday. The firm has a market cap of $245.17 million, a PE ratio of 9.97 and a beta of 0.67. Timberland Bancorp has a 12 month low of $23.93 and a 12 month high of $33.98. The stock’s 50 day simple moving average is $30.29 and its two-hundred day simple moving average is $30.49. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.08.

Timberland Bancorp (NASDAQ:TSBK) last announced its quarterly earnings results on Monday, January 27th. The savings and loans company reported $0.86 earnings per share (EPS) 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 firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.00 annualized dividend and a dividend yield of 3.25%. Timberland Bancorp’s dividend payout ratio is presently 32.36%.

Insider Buying and Selling

In related news, COO Jonathan Arthur Fischer sold 1,790 shares of the business’s stock in a transaction on 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.70% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Timberland Bancorp

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Deutsche Bank AG purchased a new stake in shares of Timberland Bancorp during the fourth quarter worth about $76,000. Bridgeway Capital Management LLC increased its stake in Timberland Bancorp by 0.5% during the 4th quarter. Bridgeway Capital Management LLC now owns 142,706 shares of the savings and loans company’s stock worth $4,354,000 after buying an additional 705 shares in the last quarter. Bank of America Corp DE increased its stake in Timberland Bancorp by 14.3% during the 4th quarter. Bank of America Corp DE now owns 17,767 shares of the savings and loans company’s stock worth $542,000 after buying an additional 2,220 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Timberland Bancorp by 3.0% during the fourth quarter. Northern Trust Corp now owns 71,632 shares of the savings and loans company’s stock valued at $2,185,000 after acquiring an additional 2,066 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its position in shares of Timberland Bancorp by 158.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,053 shares of the savings and loans company’s stock valued at $32,000 after acquiring an additional 645 shares in the last quarter. 65.49% of the stock is owned by hedge funds and other institutional investors.

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.