Timberland Bancorp (NASDAQ:TSBK) Announces Earnings Results

Timberland Bancorp (NASDAQ:TSBK) released its earnings results on Monday. The savings and loans company reported $0.86 earnings per share for the quarter, Zacks reports. Timberland Bancorp had a return on equity of 10.09% and a net margin of 22.92%.

Timberland Bancorp Price Performance

Shares of NASDAQ TSBK traded up $0.13 during midday trading on Monday, reaching $29.52. The stock had a trading volume of 10,938 shares, compared to its average volume of 10,077. The company has a market capitalization of $235.27 million, a price-to-earnings ratio of 9.84 and a beta of 0.68. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.97 and a current ratio of 0.97. The stock has a 50-day moving average of $31.19 and a 200-day moving average of $30.39. Timberland Bancorp has a 12-month low of $23.93 and a 12-month high of $33.98.

Timberland Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.39%. This is a positive change from Timberland Bancorp’s previous quarterly dividend of $0.24. The ex-dividend date was Friday, November 15th. Timberland Bancorp’s dividend payout ratio is currently 33.33%.

Insider Activity at Timberland Bancorp

In other news, COO Jonathan Arthur Fischer sold 2,044 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $33.09, for a total transaction of $67,635.96. Following the completion of the transaction, the chief operating officer now directly owns 4,550 shares in the company, valued at approximately $150,559.50. This represents a 31.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last ninety days, insiders sold 4,111 shares of company stock valued at $135,819. Corporate insiders own 3.70% of the company’s stock.

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.