Timberland Bancorp, Inc. to Issue Quarterly Dividend of $0.24 (NASDAQ:TSBK)

Timberland Bancorp, Inc. (NASDAQ:TSBK) announced a quarterly dividend on Tuesday, April 23rd, Zacks reports. Stockholders of record on Friday, May 10th will be given a dividend of 0.24 per share by the savings and loans company on Friday, May 24th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.79%. The ex-dividend date of this dividend is Thursday, May 9th.

Timberland Bancorp has increased its dividend by an average of 4.8% per year over the last three years and has increased its dividend annually for the last 12 consecutive years.

Timberland Bancorp Trading Down 2.5 %

Shares of NASDAQ TSBK opened at $25.36 on Wednesday. The business has a 50 day simple moving average of $25.72 and a 200 day simple moving average of $27.93. Timberland Bancorp has a 52 week low of $22.11 and a 52 week high of $32.20. The stock has a market cap of $206.00 million, a price-to-earnings ratio of 8.31 and a beta of 0.79. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.93 and a current ratio of 0.93.

Analysts Set New Price Targets

Separately, TheStreet downgraded shares of Timberland Bancorp from a “b” rating to a “c+” rating in a research report on Monday, March 18th.

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.