Timberland Bancorp (NASDAQ:TSBK) Director Andrea Clinton Sells 400 Shares of Stock

Timberland Bancorp, Inc. (NASDAQ:TSBK) Director Andrea Clinton sold 400 shares of Timberland Bancorp stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $48.47, for a total value of $19,388.00. Following the completion of the transaction, the director directly owned 9,645 shares of the company’s stock, valued at $467,493.15. This represents a 3.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Timberland Bancorp Stock Performance

NASDAQ:TSBK opened at $47.77 on Friday. The company has a market cap of $371.65 million, a price-to-earnings ratio of 12.06 and a beta of 0.34. Timberland Bancorp, Inc. has a fifty-two week low of $32.34 and a fifty-two week high of $49.38. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.00 and a current ratio of 1.00. The stock has a fifty day moving average price of $46.01 and a 200-day moving average price of $42.51.

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

Timberland Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 27th. Shareholders of record on Thursday, November 12th will be issued a $0.31 dividend. The ex-dividend date of this dividend is Thursday, November 12th. This represents a $1.24 annualized dividend and a yield of 2.6%. This is an increase from Timberland Bancorp’s previous quarterly dividend of $0.30. Timberland Bancorp’s payout ratio is 30.30%.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. State Street Corp lifted its stake in Timberland Bancorp by 3.5% in the 2nd quarter. State Street Corp now owns 137,561 shares of the savings and loans company’s stock valued at $6,164,000 after purchasing an additional 4,666 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new stake in Timberland Bancorp in the second quarter valued at approximately $238,000. Squarepoint Ops LLC acquired a new stake in Timberland Bancorp in the second quarter valued at approximately $227,000. Citadel Advisors LLC boosted its position in Timberland Bancorp by 127.7% in the second quarter. Citadel Advisors LLC now owns 12,810 shares of the savings and loans company’s stock valued at $574,000 after buying an additional 7,183 shares in the last quarter. Finally, Hsbc Holdings PLC grew its stake in shares of Timberland Bancorp by 11.8% during the second quarter. Hsbc Holdings PLC now owns 27,171 shares of the savings and loans company’s stock worth $1,209,000 after buying an additional 2,866 shares during the last quarter. Institutional investors and hedge funds 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.