In recent trading activity, Andrea M. Clinton, a director at Timberland Bancorp Inc. (NASDAQ:TSBK), sold shares totaling $31,370. The transactions took place on July 26, 2024, according to the latest SEC filings.
Clinton executed a sale of 1,000 shares of common stock at an average price of $31.37 each. Following the sale, the director's holdings in the company decreased to 7,565 shares of common stock. On the same day, Clinton also acquired 1,000 shares through option exercises at a price of $15.67 per share, adding to the director's stake in the company.
The transactions are part of routine trading activities by company insiders, which can provide investors with insights into how executives view the stock's value and prospects. Investors often monitor insider buying and selling as it can signal their confidence in the company's future performance.
Timberland Bancorp Inc., headquartered in Hoquiam, Washington, operates as a savings institution not federally chartered. The company's stock is traded under the ticker TSBK and continues to be a component of the financial sector landscape.
In other recent news, Timberland Bancorp Inc., a Washington-based savings institution, announced its financial results for the quarter ending June 30, 2024. The company has also declared a quarterly cash dividend of $0.24 per common share, continuing its practice of returning value to its shareholders through regular dividend payments. The financial details of the third quarter were disclosed in an earnings release attached to the company's latest 8-K filing with the Securities and Exchange Commission (SEC).
Though specific figures from the report were not detailed in this news article, the inclusion of the earnings release in the SEC filing ensures that the information is readily available and officially documented for investors and analysts. The report filed covers the financial and operational results up to the date of the earliest event reported. These recent developments provide a snapshot of Timberland Bancorp's financial performance and operational conditions.
InvestingPro Insights
As Timberland Bancorp Inc. (NASDAQ:TSBK) sees insider trading activity, investors are keenly observing the company's performance indicators. Notably, the stock has demonstrated a significant return over the last week, with a price total return of 7.76%. This recent performance is bolstered by a strong return over the last month, with the stock achieving a 16.87% return, reflecting positive investor sentiment. These figures align with the InvestingPro Tip indicating that TSBK has shown a strong return over the last three months, with a 29.9% return in that period.
On the financial metrics front, Timberland Bancorp's market capitalization stands at $251.81 million, and the stock is trading near its 52-week high, at 98.2% of this threshold. The P/E ratio, a key indicator of a stock's valuation, is currently at 10.41, suggesting a potentially attractive valuation relative to earnings. This is further supported by the company's adjusted P/E ratio for the last twelve months as of Q3 2024, which is slightly lower at 10.25.
For investors seeking additional insights and analysis, InvestingPro offers a comprehensive list of tips. In fact, there are six additional InvestingPro Tips available for TSBK, which can be accessed by visiting the InvestingPro platform. To enhance your investing strategy and gain access to these valuable tips, consider using the coupon code PRONEWS24 to get up to 10% off a yearly Pro and a yearly or biyearly Pro+ subscription.
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