Insider Selling: Timberland Bancorp, Inc. (NASDAQ:TSBK) EVP Sells 1,900 Shares of Stock

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Timberland Bancorp, Inc. (NASDAQ:TSBK) EVP Edward Colman Foster sold 1,900 shares of Timberland Bancorp stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $25.64, for a total transaction of $48,716.00. Following the sale, the executive vice president now owns 2,705 shares of the company’s stock, valued at $69,356.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Shares of NASDAQ TSBK traded up $1.32 during midday trading on Friday, reaching $28.22. 87 shares of the stock were exchanged, compared to its average volume of 12,875. The company has a market cap of $220.45 million, a PE ratio of 10.58 and a beta of 1.24. Timberland Bancorp, Inc. has a 52-week low of $21.91 and a 52-week high of $39.45.

Timberland Bancorp (NASDAQ:TSBK) last issued its quarterly earnings results on Tuesday, April 30th. The savings and loans company reported $0.66 EPS for the quarter. The business had revenue of $16.67 million during the quarter. Timberland Bancorp had a net margin of 33.07% and a return on equity of 14.20%.

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 29th. Stockholders of record on Wednesday, May 15th were issued a dividend of $0.15 per share. The ex-dividend date was Tuesday, May 14th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.13%.

Institutional investors have recently added to or reduced their stakes in the stock. Davis Capital Partners LLC purchased a new stake in Timberland Bancorp in the first quarter valued at approximately $1,399,000. BlackRock Inc. grew its holdings in Timberland Bancorp by 6.0% in the first quarter. BlackRock Inc. now owns 451,079 shares of the savings and loans company’s stock valued at $12,621,000 after purchasing an additional 25,416 shares during the period. Gradient Investments LLC purchased a new stake in Timberland Bancorp in the first quarter valued at approximately $584,000. Millennium Management LLC purchased a new stake in Timberland Bancorp in the fourth quarter valued at approximately $444,000. Finally, LPL Financial LLC purchased a new stake in Timberland Bancorp in the fourth quarter valued at approximately $240,000. Hedge funds and other institutional investors own 54.21% of the company’s stock.

Separately, BidaskClub upgraded shares of Timberland Bancorp from a “sell” rating to a “hold” rating in a report on Friday, March 1st.

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Timberland Bancorp Company Profile

Timberland Bancorp, Inc operates as the bank holding company for Timberland Bank that provides various banking services in Washington. It offers various deposit products, including money market deposit accounts, checking accounts, regular savings accounts, and certificates of deposit. The company also provides one-to four-family residential, multi-family, commercial real estate, construction, custom and owner/builder construction, speculative one- to four-family construction, commercial construction, multi-family construction, land development construction, and land loans.

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