Timberland Bancorp (NASDAQ:TSBK) Shares Cross Above 200-Day Moving Average - Here's What Happened

Timberland Bancorp, Inc. (NASDAQ:TSBK - Get Free Report) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $30.71 and traded as high as $31.08. Timberland Bancorp shares last traded at $30.45, with a volume of 14,134 shares.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Timberland Bancorp from a "buy" rating to a "hold" rating in a research report on Friday, February 21st.

Timberland Bancorp Price Performance

The company's fifty day moving average price is $30.18 and its 200 day moving average price is $30.71. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a market capitalization of $241.07 million, a price-to-earnings ratio of 9.81 and a beta of 0.67.

Timberland Bancorp (NASDAQ:TSBK - Get Free Report) last posted its quarterly earnings results on Monday, January 27th. The savings and loans company reported $0.86 EPS for the quarter. Timberland Bancorp had a net margin of 22.88% and a return on equity of 10.20%.

Timberland Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.30%. The ex-dividend date was Friday, February 14th. Timberland Bancorp's dividend payout ratio is currently 32.36%.

Institutional Trading of Timberland Bancorp

A number of institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC raised its holdings in shares of Timberland Bancorp by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 168,813 shares of the savings and loans company's stock worth $5,151,000 after purchasing an additional 435 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of Timberland Bancorp by 158.1% during 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 during the period. Bridgeway Capital Management LLC raised its holdings in shares of Timberland Bancorp by 0.5% during the fourth quarter. Bridgeway Capital Management LLC now owns 142,706 shares of the savings and loans company's stock valued at $4,354,000 after acquiring an additional 705 shares during the period. Empowered Funds LLC raised its holdings in shares of Timberland Bancorp by 1.9% during the fourth quarter. Empowered Funds LLC now owns 51,572 shares of the savings and loans company's stock valued at $1,573,000 after acquiring an additional 950 shares during the period. Finally, Wells Fargo & Company MN raised its holdings in shares of Timberland Bancorp by 16.1% during the fourth quarter. Wells Fargo & Company MN now owns 6,959 shares of the savings and loans company's stock valued at $212,000 after acquiring an additional 964 shares during the period. 65.49% of the stock is owned by institutional investors and hedge funds.

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.