Timberland Bancorp (NASDAQ:TSBK) Stock Price Crosses Above Two Hundred Day Moving Average of $26.94

Timberland Bancorp, Inc. (NASDAQ:TSBK) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $26.94 and traded as high as $27.20. Timberland Bancorp shares last traded at $26.84, with a volume of 13,455 shares trading hands.

Analyst Upgrades and Downgrades

Separately, TheStreet downgraded Timberland Bancorp from a “b” rating to a “c+” rating in a research note on Monday, March 18th.

Timberland Bancorp Price Performance

The firm’s 50 day moving average price is $25.57 and its two-hundred day moving average price is $26.94. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.95 and a quick ratio of 0.95. The stock has a market cap of $215.26 million, a PE ratio of 8.80 and a beta of 0.66.

Timberland Bancorp (NASDAQ:TSBK) last released its quarterly earnings data on Tuesday, April 23rd. The savings and loans company reported $0.70 earnings per share for the quarter. Timberland Bancorp had a net margin of 25.38% and a return on equity of 10.64%. The business had revenue of $18.25 million during the quarter.

Timberland Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Investors of record on Friday, May 10th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Thursday, May 9th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.58%. Timberland Bancorp’s payout ratio is 31.48%.

Institutional Investors Weigh In On Timberland Bancorp

A number of institutional investors and hedge funds have recently modified their holdings of TSBK. SG Americas Securities LLC bought a new stake in Timberland Bancorp during the fourth quarter valued at $129,000. Planned Solutions Inc. purchased a new stake in shares of Timberland Bancorp in the 4th quarter valued at about $31,000. BNP Paribas Financial Markets raised its holdings in shares of Timberland Bancorp by 42.0% in the 4th quarter. BNP Paribas Financial Markets now owns 10,612 shares of the savings and loans company’s stock valued at $334,000 after acquiring an additional 3,137 shares in the last quarter. Panagora Asset Management Inc. boosted its position in shares of Timberland Bancorp by 30.8% during the 4th quarter. Panagora Asset Management Inc. now owns 16,884 shares of the savings and loans company’s stock valued at $531,000 after acquiring an additional 3,971 shares during the last quarter. Finally, Quadrature Capital Ltd purchased a new position in shares of Timberland Bancorp during the fourth quarter worth about $575,000. 65.49% of the stock is owned by hedge funds and other institutional investors.

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.