The stock of Timberland Bancorp, Inc. (NASDAQ:TSBK) hit a new 52-week high and has $20.10 target or 8.00% above today’s $18.61 share price. The 5 months bullish chart indicates low risk for the $130.67 million company. The 1-year high was reported on Nov, 28 by Barchart.com. If the $20.10 price target is reached, the company will be worth $10.45 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock decreased 2.31% or $0.44 on November 28, hitting $18.61. About 21,431 shares traded hands. Timberland Bancorp, Inc. (NASDAQ:TSBK) has risen 41.22% since April 25, 2016 and is uptrending. It has outperformed by 35.20% the S&P500.
Analysts await Timberland Bancorp, Inc. (NASDAQ:TSBK) to report earnings on January, 23.
According to Zacks Investment Research, “Timberland Bancorp, Inc. was organized for the purpose of becoming the holding company for Timberland Savings Bank. The Savings Bank is a community oriented savings bank which offeres a variety of savings products to its retail customers while concentrating its lending activities on real estate mortgage loans.”
Insitutional Activity: The institutional sentiment increased to 2.14 in 2016 Q2. Its up 0.25, from 1.89 in 2016Q1. The ratio increased, as 4 funds sold all Timberland Bancorp, Inc. shares owned while 5 reduced positions. 6 funds bought stakes while 11 increased positions. They now own 2.93 million shares or 4.57% more from 2.80 million shares in 2016Q1.
Pinnacle Lc holds 0% of its portfolio in Timberland Bancorp, Inc. (NASDAQ:TSBK) for 62,287 shares. Wellington Gp Llp holds 0% of its portfolio in Timberland Bancorp, Inc. (NASDAQ:TSBK) for 28,443 shares. Blackrock Mngmt Ltd Limited Liability Company accumulated 0% or 1,038 shares. Lsv Asset holds 0% of its portfolio in Timberland Bancorp, Inc. (NASDAQ:TSBK) for 41,600 shares. Royal Savings Bank Of Canada holds 0% of its portfolio in Timberland Bancorp, Inc. (NASDAQ:TSBK) for 500 shares. James Research has 0% invested in the company for 3,685 shares. Morgan Stanley has invested 0% of its portfolio in Timberland Bancorp, Inc. (NASDAQ:TSBK). Geode Mgmt Ltd Limited Liability Company owns 18,822 shares or 0% of their US portfolio. Acadian Asset Mgmt Lc has 0% invested in the company for 3,581 shares. Dimensional Fund Lp last reported 588,417 shares in the company. The Florida-based Ladenburg Thalmann Serv has invested 0% in Timberland Bancorp, Inc. (NASDAQ:TSBK). Blackrock Fund, a California-based fund reported 1,129 shares. Deutsche Bancorporation Ag owns 6,209 shares or 0% of their US portfolio. Blackrock Institutional Trust Na has 0% invested in the company for 136,169 shares. Eagle Glob Advsr Limited last reported 19,467 shares in the company.
Insider Transactions: Since June 6, 2016, the stock had 0 buys, and 1 sale for $45,600 net activity. BASICH MARCI A also sold $45,600 worth of Timberland Bancorp, Inc. (NASDAQ:TSBK) on Monday, June 6.
More news for Timberland Bancorp, Inc. (NASDAQ:TSBK) were recently published by: Globenewswire.com, which released: “Timberland Bancorp Fiscal Year Net Income Increases 22% to $10.15 Million” on November 01, 2016. Bizjournals.com‘s article titled: “Timberland Bancorp swings to Q2 profit” and published on April 27, 2011 is yet another important article.
TSBK Company Profile
Timberland Bancorp, Inc. (Timberland Bancorp), incorporated on September 8, 1997, is the bank holding firm for Timberland Savings Bank, SSB (the Bank). The Firm is engaged in community banking in western Washington under the operating name, Timberland Bank. The Company’s business activities are limited to passive investment activities and oversight of its investment in the Bank. The Bank is a community-oriented bank, which offers a range of savings products to its retail clients while concentrating its lending activities on real estate mortgage loans and commercial business loans. The Company’s lending activities are focused primarily on the origination of loans secured by real estate, including construction and land development, one- to four-family residential, multi-family, commercial real estate and land loans. The Bank considers its primary market area to include six sub-markets: primarily rural Grays Harbor County; Thurston and Kitsap counties; Pierce and King counties, and Lewis County. It has over five branches in Pierce County; five branches in Thurston County, and three branches located in Lewis County. Timberland Service Corporation is the Bank’s subsidiary, which acts as the Bank’s escrow department.
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