Timberland Bancorp (NASDAQ:TSBK) COO Jonathan Arthur Fischer Sells 2,000 Shares of Company Stock

Timberland Bancorp, Inc. (NASDAQ:TSBK) COO Jonathan Fischer sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, November 5th. The shares were sold at an average price of $47.76, for a total value of $95,520.00. Following the sale, the chief operating officer owned 8,095 shares in the company, valued at $386,617.20. The trade was a 19.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Timberland Bancorp Trading Down 0.8%

NASDAQ:TSBK opened at $47.77 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.04. The business’s 50 day moving average is $46.01 and its two-hundred day moving average is $42.51. Timberland Bancorp, Inc. has a 52 week low of $32.34 and a 52 week high of $49.38. The company has a market cap of $371.65 million, a PE ratio of 12.06 and a beta of 0.34.

Timberland Bancorp (NASDAQ:TSBK) last issued its earnings results on Thursday, October 29th. The savings and loans company reported $1.04 EPS for the quarter. Timberland Bancorp had a return on equity of 11.51% and a net margin of 26.18%. The company had revenue of $22.78 million during the quarter.

Timberland Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 27th. Investors of record on Thursday, November 12th will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 2.6%. This is a boost from Timberland Bancorp’s previous quarterly dividend of $0.30. The ex-dividend date is Thursday, November 12th. Timberland Bancorp’s dividend payout ratio (DPR) is 30.30%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of Timberland Bancorp from a “buy (a-)” rating to a “buy (a)” rating in a research note on Thursday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating. According to MarketBeat, the company presently has an average rating of “Strong Buy”.

Institutional Investors Weigh In On Timberland Bancorp

Institutional investors have recently modified their holdings of the business. Bank of New York Mellon Corp raised its position in shares of Timberland Bancorp by 2.0% during the 1st quarter. Bank of New York Mellon Corp now owns 23,722 shares of the savings and loans company’s stock worth $935,000 after purchasing an additional 470 shares during the period. Legal & General Group Plc acquired a new position in Timberland Bancorp during the 2nd quarter valued at approximately $31,000. Empowered Funds LLC boosted its position in Timberland Bancorp by 2.0% during the 2nd quarter. Empowered Funds LLC now owns 50,775 shares of the savings and loans company’s stock valued at $2,275,000 after purchasing an additional 975 shares during the period. Hsbc Holdings PLC boosted its position in Timberland Bancorp by 11.8% during the 2nd quarter. Hsbc Holdings PLC now owns 27,171 shares of the savings and loans company’s stock valued at $1,209,000 after purchasing an additional 2,866 shares during the period. Finally, State Street Corp grew its stake in Timberland Bancorp by 3.5% during the 2nd quarter. State Street Corp now owns 137,561 shares of the savings and loans company’s stock worth $6,164,000 after buying an additional 4,666 shares during the last quarter. Institutional investors own 65.49% of the company’s stock.

About Timberland Bancorp

Timberland Bancorp, Inc is the holding company for Timberland Bank, a community banking institution headquartered in Hoquiam, Washington. The bank serves individuals, families, businesses and public-sector organizations in communities across western Washington.

Timberland Bank offers deposit products, including checking, savings, money market and certificate accounts, along with consumer and commercial lending. Its loan portfolio includes residential real estate, commercial real estate, construction and land development, agricultural, small-business and consumer loans.