StockNews.com Initiates Coverage on Timberland Bancorp (NASDAQ:TSBK)

Research analysts at StockNews.com started coverage on shares of Timberland Bancorp (NASDAQ:TSBKGet Rating) in a research report issued on Wednesday. The firm set a “buy” rating on the savings and loans company’s stock.

Shares of NASDAQ:TSBK opened at $24.95 on Wednesday. The company has a 50 day moving average of $25.58 and a 200 day moving average of $27.04. The stock has a market cap of $207.23 million, a P/E ratio of 8.84 and a beta of 1.16. Timberland Bancorp has a 12 month low of $24.05 and a 12 month high of $29.99.

Timberland Bancorp (NASDAQ:TSBKGet Rating) last announced its quarterly earnings data on Tuesday, April 26th. The savings and loans company reported $0.63 earnings per share (EPS) for the quarter. Timberland Bancorp had a net margin of 34.70% and a return on equity of 11.45%. The company had revenue of $15.98 million during the quarter.

In other news, Director Jon C. Parker sold 1,000 shares of the stock in a transaction that occurred on Monday, May 16th. The shares were sold at an average price of $25.38, for a total value of $25,380.00. Following the transaction, the director now owns 38,952 shares in the company, valued at approximately $988,601.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 5.40% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. Cutler Capital Management LLC grew its holdings in shares of Timberland Bancorp by 0.8% in the fourth quarter. Cutler Capital Management LLC now owns 279,393 shares of the savings and loans company’s stock valued at $7,739,000 after purchasing an additional 2,287 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Timberland Bancorp by 26.1% in the first quarter. The Manufacturers Life Insurance Company now owns 408,177 shares of the savings and loans company’s stock valued at $11,025,000 after purchasing an additional 84,471 shares in the last quarter. Keeley Teton Advisors LLC grew its holdings in shares of Timberland Bancorp by 21.4% in the first quarter. Keeley Teton Advisors LLC now owns 136,481 shares of the savings and loans company’s stock valued at $3,686,000 after purchasing an additional 24,036 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Timberland Bancorp by 2.2% in the first quarter. Bank of New York Mellon Corp now owns 33,297 shares of the savings and loans company’s stock valued at $900,000 after purchasing an additional 705 shares in the last quarter. Finally, State Street Corp grew its holdings in shares of Timberland Bancorp by 9.3% in the first quarter. State Street Corp now owns 25,846 shares of the savings and loans company’s stock valued at $698,000 after purchasing an additional 2,205 shares in the last quarter. 62.86% of the stock is owned by hedge funds and other institutional investors.

Timberland Bancorp Company Profile (Get Rating)

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, 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 development loans.

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