Snowflake Score | |
---|---|
Valuation | 3/6 |
Future Growth | 0/6 |
Past Performance | 2/6 |
Financial Health | 6/6 |
Dividends | 4/6 |
TSBK Stock Overview
Timberland Bancorp, Inc. operates as the bank holding company for Timberland Bank that provides various community banking services in Washington.
Rewards
Risk Analysis
No risks detected for TSBK from our risk checks.
Timberland Bancorp Competitors
Price History & Performance
Historical stock prices | |
---|---|
Current Share Price | US$26.84 |
52 Week High | US$29.92 |
52 Week Low | US$24.05 |
Beta | 1.06 |
1 Month Change | 9.28% |
3 Month Change | 6.25% |
1 Year Change | -7.38% |
3 Year Change | 9.55% |
5 Year Change | -0.63% |
Change since IPO | 270.21% |
Recent News & Updates
Timberland Bancorp goes ex-dividend tomorrow
Timberland Bancorp (NASDAQ:TSBK) had declared $0.22/share quarterly dividend, in line with previous. Payable Aug. 26; for shareholders of record Aug. 12; ex-div Aug. 11. See TSBK Dividend Scorecard, Yield Chart, & Dividend Growth.
Timberland Bancorp GAAP EPS of $0.69, revenue of $17.08M
Timberland Bancorp press release (NASDAQ:TSBK): Q3 GAAP EPS of $0.69. Revenue of $17.08M (-2.0% Y/Y).
Timberland Bancorp: A 100 Bp Interest Rate Increase Will Boost The EPS By 20%
Timberland Bancorp is active in Washington State, running a very conservative balance sheet with almost no loan write-offs. The balance sheet is exceptionally liquid with almost 40% of the balance sheet invested in cash and investment securities. I'm charmed by the strong balance sheet, the 10x earnings multiple and the premium of less than 10% to the tangible book value. For every 100bp in interest increases, TSBK will see its EPS increase by $0.50 per year.
Shareholder Returns
TSBK | US Mortgage | US Market | |
---|---|---|---|
7D | 3.2% | 6.9% | 4.5% |
1Y | -7.4% | -18.0% | -8.9% |
Return vs Industry: TSBK exceeded the US Mortgage industry which returned -21.1% over the past year.
Return vs Market: TSBK exceeded the US Market which returned -9.6% over the past year.
Price Volatility
TSBK volatility | |
---|---|
TSBK Average Weekly Movement | 2.0% |
Mortgage Industry Average Movement | 3.5% |
Market Average Movement | 7.6% |
10% most volatile stocks in US Market | 16.8% |
10% least volatile stocks in US Market | 3.1% |
Stable Share Price: TSBK is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 2% a week.
Volatility Over Time: TSBK's weekly volatility (2%) has been stable over the past year.
About the Company
Founded | Employees | CEO | Website |
---|---|---|---|
1915 | 282 | Mike Sand | https://www.timberlandbank.com |
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.
Timberland Bancorp Fundamentals Summary
TSBK fundamental statistics | |
---|---|
Market Cap | US$221.42m |
Earnings (TTM) | US$22.57m |
Revenue (TTM) | US$65.76m |
9.8x
P/E Ratio1.0x
P/B RatioIs TSBK overvalued?
See Fair Value and valuation analysisEarnings & Revenue
TSBK income statement (TTM) | |
---|---|
Revenue | US$65.76m |
Cost of Revenue | US$0 |
Gross Profit | US$65.76m |
Other Expenses | US$43.19m |
Earnings | US$22.57m |
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
n/a
Earnings per share (EPS) | 2.74 |
Gross Margin | 100.00% |
Net Profit Margin | 34.32% |
Debt/Equity Ratio | 0% |
How did TSBK perform over the long term?
See historical performance and comparisonDividends
3.3%
Current Dividend Yield32%
Payout RatioValuation
Is TSBK undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
3/6Valuation Score 3/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Analyst Forecast
Key Valuation Metric
Which metric is best to use when looking at relative valuation for TSBK?
Other financial metrics that can be useful for relative valuation.
What is TSBK's n/a Ratio? | |
---|---|
n/a Ratio | 0x |
n/a | n/a |
Market Cap | US$221.42m |
Key Statistics | |
---|---|
Enterprise Value/Revenue | n/a |
Enterprise Value/EBITDA | n/a |
PEG Ratio | n/a |
Price to Earnings Ratio vs Peers
How does TSBK's PE Ratio compare to its peers?
TSBK PE Ratio vs Peers |
---|
Company | PE | Estimated Growth | Market Cap |
---|---|---|---|
Peer Average | 9.5x | ||
NECB Northeast Community Bancorp | 13.6x | 28.1% | US$189.6m |
TBNK Territorial Bancorp | 11.3x | -12.2% | US$193.2m |
ESSA ESSA Bancorp | 10.2x | 4.0% | US$184.7m |
OCN Ocwen Financial | 2.9x | -26.1% | US$255.1m |
TSBK Timberland Bancorp | 9.8x | n/a | US$221.4m |
Price-To-Earnings vs Peers: TSBK is expensive based on its Price-To-Earnings Ratio (9.8x) compared to the peer average (9.5x).
Price to Earnings Ratio vs Industry
How does TSBK's PE Ratio compare vs other companies in the US Mortgage Industry?
Price-To-Earnings vs Industry: TSBK is good value based on its Price-To-Earnings Ratio (9.8x) compared to the US Mortgage industry average (11.6x)
Price to Earnings Ratio vs Fair Ratio
What is TSBK's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
Fair Ratio | |
---|---|
Current PE Ratio | 9.8x |
Fair PE Ratio | n/a |
Price-To-Earnings vs Fair Ratio: Insufficient data to calculate TSBK's Price-To-Earnings Fair Ratio for valuation analysis.
Share Price vs Fair Value
What is the Fair Price of TSBK when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: TSBK ($26.84) is trading below our estimate of fair value ($69.04)
Significantly Below Fair Value: TSBK is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Insufficient data to show price forecast.
Discover undervalued companies
Future Growth
How is Timberland Bancorp forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Future Growth Score
0/6Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
11.2%
Forecasted Banks industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Timberland Bancorp has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
Discover growth companies
- Examine whether Timberland Bancorp is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
Past Performance
How has Timberland Bancorp performed over the past 5 years?
Past Performance Score
2/6Past Performance Score 2/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
12.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TSBK has high quality earnings.
Growing Profit Margin: TSBK's current net profit margins (34.3%) are lower than last year (40.1%).
Past Earnings Growth Analysis
Earnings Trend: TSBK's earnings have grown by 12.4% per year over the past 5 years.
Accelerating Growth: TSBK's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: TSBK had negative earnings growth (-19.2%) over the past year, making it difficult to compare to the Mortgage industry average (3.1%).
Return on Equity
High ROE: TSBK's Return on Equity (10.5%) is considered low.
Discover strong past performing companies
Financial Health
How is Timberland Bancorp's financial position? (This company is analysed differently as a bank or financial institution)
Financial Health Score
6/6Financial Health Score 6/6
Asset Level
Allowance for Bad Loans
Low Risk Liabilities
Loan Level
Low Risk Deposits
Level of Bad Loans
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Financial Institutions Analysis
Asset Level: TSBK's Assets to Equity ratio (8.8x) is low.
Allowance for Bad Loans: TSBK has a sufficient allowance for bad loans (586%).
Low Risk Liabilities: 99% of TSBK's liabilities are made up of primarily low risk sources of funding.
Loan Level: TSBK has an appropriate level of Loans to Assets ratio (58%).
Low Risk Deposits: TSBK's Loans to Deposits ratio (65%) is appropriate.
Level of Bad Loans: TSBK has an appropriate level of bad loans (0.2%).
Discover healthy companies
Dividend
What is Timberland Bancorp current dividend yield, its reliability and sustainability?
Dividend Score
4/6Dividend Score 4/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage
3.28%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: TSBK's dividend (3.28%) is higher than the bottom 25% of dividend payers in the US market (1.47%).
High Dividend: TSBK's dividend (3.28%) is low compared to the top 25% of dividend payers in the US market (3.96%).
Stability and Growth of Payments
Stable Dividend: TSBK's dividends per share have been stable in the past 10 years.
Growing Dividend: TSBK's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (31.8%), TSBK's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years or that it will be covered by earnings.
Discover strong dividend paying companies
Management
How experienced are the management team and are they aligned to shareholders interests?
15.9yrs
Average management tenure
CEO
Mike Sand (68 yo)
18.92yrs
Tenure
US$684,669
Compensation
Mr. Michael R. Sand, also known as Mike, had been the President of Timberland BanCorp. Inc. and its subsidiary Timberland Bank (also known as Timberland Savings Bank) since January 23, 2003 until January 2...
CEO Compensation Analysis
Compensation vs Market: Mike's total compensation ($USD684.67K) is below average for companies of similar size in the US market ($USD1.67M).
Compensation vs Earnings: Mike's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: TSBK's management team is seasoned and experienced (15.9 years average tenure).
Board Members
Experienced Board: TSBK's board of directors are seasoned and experienced ( 17.5 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Timberland Bancorp, Inc.'s employee growth, exchange listings and data sources
Key Information
- Name: Timberland Bancorp, Inc.
- Ticker: TSBK
- Exchange: NasdaqGM
- Founded: 1915
- Industry: Thrifts and Mortgage Finance
- Sector: Banks
- Implied Market Cap: US$221.422m
- Shares outstanding: 8.25m
- Website: https://www.timberlandbank.com
Number of Employees
Location
- Timberland Bancorp, Inc.
- 624 Simpson Avenue
- Hoquiam
- Washington
- 98550
- United States
Listings
Company Analysis and Financial Data Status
Data | Last Updated (UTC time) |
---|---|
Company Analysis | 2022/08/16 00:00 |
End of Day Share Price | 2022/08/16 00:00 |
Earnings | 2022/06/30 |
Annual Earnings | 2021/09/30 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.