Timberland Bancorp
Timberland Bancorp, Inc. operates as the bank holding company for Timberland Bank that provides various banking services in Washington. The last earnings update was 69 days ago. More info.
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TSBK Share Price and Events
7 Day Returns
1 Year Returns
TSBK Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Timberland Bancorp (TSBK) | -10% | -7.6% | -9% | -33% | 70.5% | 138.8% |
| US Mortgage | -1.1% | 0.8% | 0.9% | 0.6% | 32.3% | 42.9% |
| US Market | -0.3% | 2.9% | 2.1% | 3.4% | 36.2% | 41.3% |
1 Year Return vs Industry and Market
- TSBK underperformed the Mortgage industry which returned 0.6% over the past year.
- TSBK underperformed the Market in United States of America which returned 3.4% over the past year.
TSBK Value
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Timberland Bancorp
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Timberland Bancorp.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | Excess Returns Model | |
| Stable EPS |
Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity = $15.19 * 12.8% |
$1.94 |
| Book Value of Equity per Share | Median Book Value from the past 5 years. | $15.19 |
| Discount Rate (Cost of Equity) | See below | 8.1% |
| Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 6% |
| Mortgage Unlevered Beta | Simply Wall St/ S&P Global | 0.86 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.858 (1 + (1- 21%) (0%)) |
0.905 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
0.9 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.905 * 5.96%) |
8.12% |
Discounted Cash Flow Calculation for NasdaqGM:TSBK using Excess Returns Model Model
The calculations below outline how an intrinsic value for Timberland Bancorp is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.
In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.
The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.
Note the calculations below are per share.
See our documentation to learn about this calculation.
| Calculation | Result | |
|---|---|---|
| Excess Returns |
= (Stable Return on equity – Cost of equity) (Book Value of
Equity per share)
= (12.8% – 8.12%) * $15.19) |
$0.70 |
| Terminal Value of Excess Returns |
= Excess Returns / (Cost of Equity -
Expected Growth Rate)
= $0.70 / (8.12% - 2.73%) |
$13.07 |
| Value of Equity |
= Book Value per share + Terminal Value of
Excess Returns
= $15.19 + $13.07 |
$28.26 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $28.26 |
| Current discount | Discount to share price of
$25.58
= -1 x ($25.58 - $28.26) / $28.26 |
9.5% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- Timberland Bancorp's share price is below the future cash flow value, but not at a moderate discount (< 20%).
- Timberland Bancorp's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Timberland Bancorp's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Timberland Bancorp's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2019-03-31) in USD | $2.63 |
| NasdaqGM:TSBK Share Price ** | NasdaqGM (2019-07-18) in USD | $25.58 |
| United States of America Mortgage Industry PE Ratio | Median Figure of 129 Publicly-Listed Mortgage Companies | 14.33x |
| United States of America Market PE Ratio | Median Figure of 3,083 Publicly-Listed Companies | 17.88x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Timberland Bancorp.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NasdaqGM:TSBK Share Price ÷ EPS (both in USD) = 25.58 ÷ 2.63 |
9.73x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Timberland Bancorp is good value based on earnings compared to the US Mortgage industry average.
- Timberland Bancorp is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does
Timberland Bancorp's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 9.73x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts |
-3%per year |
| United States of America Mortgage Industry PEG Ratio | Median Figure of 50 Publicly-Listed Mortgage Companies | 1.23x |
| United States of America Market PEG Ratio | Median Figure of 2,124 Publicly-Listed Companies | 1.57x |
*Line of best fit is calculated by linear regression .
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to calculate PEG ratio for Timberland Bancorp, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on
Timberland Bancorp's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-03-31) in USD | $19.47 |
| NasdaqGM:TSBK Share Price * | NasdaqGM (2019-07-18) in USD | $25.58 |
| United States of America Mortgage Industry PB Ratio | Median Figure of 145 Publicly-Listed Mortgage Companies | 1.13x |
| United States of America Market PB Ratio | Median Figure of 5,245 Publicly-Listed Companies | 1.8x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NasdaqGM:TSBK Share Price ÷ Book Value per Share (both in USD) = 25.58 ÷ 19.47 |
1.31x |
* Primary Listing of Timberland Bancorp.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Timberland Bancorp is overvalued based on assets compared to the US Mortgage industry average.
Value checks
We assess Timberland Bancorp's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Mortgage industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Mortgage industry average (and greater than 0)? (1 check) Timberland Bancorp has a total score of 2/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
TSBK Future Performance
- No analysts cover Timberland Bancorp, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Timberland Bancorp's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.
Growth vs Market Checks
- Timberland Bancorp's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.
- Unable to compare Timberland Bancorp's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NasdaqGM:TSBK Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts | -3% |
| United States of America Mortgage Industry Earnings Growth Rate | Market Cap Weighted Average | 10.7% |
| United States of America Mortgage Industry Revenue Growth Rate | Market Cap Weighted Average | 4.5% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 14.1% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.4% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2019-03-31 | 58 | 23 | 21 |
| 2018-12-31 | 55 | 22 | 19 |
| 2018-09-30 | 52 | 21 | 17 |
| 2018-06-30 | 51 | 20 | 16 |
| 2018-03-31 | 51 | 18 | 16 |
| 2017-12-31 | 50 | 14 | 15 |
| 2017-09-30 | 49 | 14 | 14 |
| 2017-06-30 | 47 | 15 | 13 |
| 2017-03-31 | 44 | 9 | 12 |
| 2016-12-31 | 43 | 12 | 11 |
| 2016-09-30 | 42 | 12 | 10 |
| 2016-06-30 | 42 | 10 | 10 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
All data from Timberland Bancorp Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2019-03-31 | 2.63 |
| 2018-12-31 | 2.47 |
| 2018-09-30 | 2.28 |
| 2018-06-30 | 2.17 |
| 2018-03-31 | 2.16 |
| 2017-12-31 | 2.02 |
| 2017-09-30 | 1.99 |
| 2017-06-30 | 1.89 |
| 2017-03-31 | 1.67 |
| 2016-12-31 | 1.57 |
| 2016-09-30 | 1.48 |
| 2016-06-30 | 1.52 |
*GAAP earnings excluding extraordinary items.
Performance in 3 years
In the same way as past performance we look at the future estimated return
(profit) compared to the available
funds. We do this looking forward 3 years.
- Unable to establish if Timberland Bancorp will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
Future performance checks
We assess Timberland Bancorp's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Timberland Bancorp has a total score of 0/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
TSBK Past Performance
How has Timberland Bancorp performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Timberland Bancorp has delivered over 20% year on year earnings growth in the past 5 years.
- Timberland Bancorp's 1-year earnings growth exceeds its 5-year average (30.4% vs 27.3%)
- Timberland Bancorp's earnings growth has not exceeded the US Mortgage industry average in the past year (30.4% vs 39%).
Earnings and Revenue History
All data from Timberland Bancorp Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2019-03-31 | 57.58 | 20.57 | 25.46 | |
| 2018-12-31 | 54.74 | 18.72 | 23.98 | |
| 2018-09-30 | 51.70 | 16.72 | 22.92 | |
| 2018-06-30 | 50.53 | 15.91 | 22.74 | |
| 2018-03-31 | 51.06 | 15.78 | 22.53 | |
| 2017-12-31 | 49.80 | 14.63 | 22.21 | |
| 2017-09-30 | 48.75 | 14.17 | 21.88 | |
| 2017-06-30 | 47.13 | 13.25 | 21.71 | |
| 2017-03-31 | 44.09 | 11.52 | 21.35 | |
| 2016-12-31 | 42.72 | 10.77 | 21.00 | |
| 2016-09-30 | 41.69 | 10.15 | 20.77 | |
| 2016-06-30 | 41.99 | 10.41 | 20.57 | |
| 2016-03-31 | 41.43 | 10.02 | 20.32 | |
| 2015-12-31 | 40.02 | 9.09 | 20.21 | |
| 2015-09-30 | 38.62 | 8.29 | 20.06 | |
| 2015-06-30 | 36.21 | 6.98 | 19.61 | |
| 2015-03-31 | 34.96 | 6.26 | 19.75 | |
| 2014-12-31 | 34.63 | 5.97 | 19.67 | |
| 2014-09-30 | 34.46 | 5.64 | 19.60 | |
| 2014-06-30 | 34.36 | 4.69 | 19.67 | |
| 2014-03-31 | 33.29 | 3.94 | 19.43 | |
| 2013-12-31 | 32.89 | 3.98 | 19.11 | |
| 2013-09-30 | 33.57 | 4.02 | 18.71 | |
| 2013-06-30 | 32.49 | 4.21 | 18.63 | |
| 2013-03-31 | 33.08 | 4.61 | 18.46 | |
| 2012-12-31 | 32.75 | 3.95 | 18.39 | |
| 2012-09-30 | 31.94 | 3.52 | 18.25 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- Timberland Bancorp has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Timberland Bancorp used its assets more efficiently than the US Mortgage industry average last year based on Return on Assets.
- Unable to establish if Timberland Bancorp improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
Past performance checks
We assess Timberland Bancorp's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Mortgage industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Timberland Bancorp has a total score of 3/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
TSBK Health
This company is a bank or financial institution.Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Balance sheet
Assets
Liabilities and shares
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Timberland Bancorp Company Filings, last reported 3 months ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2019-03-31 | 162.34 | 0.00 | 240.32 |
| 2018-12-31 | 156.91 | 0.00 | 227.57 |
| 2018-09-30 | 124.66 | 0.00 | 210.55 |
| 2018-06-30 | 120.89 | 0.00 | 219.96 |
| 2018-03-31 | 117.84 | 0.00 | 222.34 |
| 2017-12-31 | 114.11 | 0.00 | 219.74 |
| 2017-09-30 | 111.00 | 0.00 | 189.56 |
| 2017-06-30 | 108.62 | 0.00 | 173.63 |
| 2017-03-31 | 104.83 | 30.00 | 200.97 |
| 2016-12-31 | 99.63 | 30.00 | 188.90 |
| 2016-09-30 | 96.83 | 30.00 | 160.40 |
| 2016-06-30 | 94.45 | 45.00 | 141.61 |
| 2016-03-31 | 92.26 | 45.00 | 162.55 |
| 2015-12-31 | 91.05 | 45.00 | 144.47 |
| 2015-09-30 | 89.19 | 45.00 | 139.87 |
| 2015-06-30 | 87.29 | 45.00 | 123.23 |
| 2015-03-31 | 85.42 | 45.00 | 123.96 |
| 2014-12-31 | 84.27 | 45.00 | 108.35 |
| 2014-09-30 | 82.78 | 45.00 | 107.19 |
| 2014-06-30 | 81.33 | 45.00 | 96.30 |
| 2014-03-31 | 80.02 | 45.00 | 101.63 |
| 2013-12-31 | 79.09 | 45.00 | 98.67 |
| 2013-09-30 | 89.69 | 45.00 | 123.70 |
| 2013-06-30 | 89.23 | 45.00 | 109.29 |
| 2013-03-31 | 88.53 | 45.55 | 111.86 |
| 2012-12-31 | 91.90 | 45.63 | 112.60 |
| 2012-09-30 | 90.32 | 45.86 | 119.28 |
BANK ANALYSIS
This company is a bank or financial institution, which is analysed accordingly below.
- Timberland Bancorp has an acceptable proportion of non-loan assets held.
- Timberland Bancorp's liabilities are made up of primarily low risk sources of funding.
- Loans at Timberland Bancorp are broadly funded by customer deposits.
- Timberland Bancorp's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
- Timberland Bancorp has a sufficient allowance for bad loans.
- Timberland Bancorp has an acceptable level of bad loans (less than 2%).
Financial health checks
We assess Timberland Bancorp's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Timberland Bancorp has a total score of 6/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
TSBK Dividends
What is Timberland Bancorp's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
$2,000 of
Timberland Bancorp
shares you are expected to receive
$47
in your first year as a dividend.
Dividend Amount
- Timberland Bancorp's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.43%).
- Timberland Bancorp's dividend is below the markets top 25% of dividend payers in United States of America (3.76%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
| United States of America Mortgage Industry Average Dividend Yield | Market Cap Weighted Average of 95 Stocks | 3.1% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2017 Stocks | 2.4% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.4% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.8% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-04-30 | 0.600 | 2.203 |
| 2019-01-22 | 0.600 | 2.087 |
| 2018-12-07 | 0.520 | 2.140 |
| 2018-11-01 | 0.520 | 1.830 |
| 2018-08-06 | 0.520 | 1.593 |
| 2018-07-24 | 0.520 | 1.397 |
| 2018-05-08 | 0.520 | 1.474 |
| 2018-02-08 | 0.520 | 1.712 |
| 2018-01-23 | 0.520 | 1.881 |
| 2017-12-08 | 0.440 | 1.600 |
| 2017-04-25 | 0.440 | 1.672 |
| 2017-01-23 | 0.440 | 2.032 |
| 2016-12-09 | 0.360 | 1.761 |
| 2016-11-03 | 0.360 | 1.950 |
| 2016-08-08 | 0.360 | 2.302 |
| 2016-07-27 | 0.360 | 2.340 |
| 2016-04-26 | 0.320 | 2.169 |
| 2016-02-09 | 0.320 | 2.527 |
| 2016-01-25 | 0.320 | 2.564 |
| 2015-12-07 | 0.280 | 2.258 |
| 2015-11-02 | 0.280 | 2.225 |
| 2015-08-05 | 0.280 | 2.601 |
| 2015-07-29 | 0.280 | 2.616 |
| 2015-06-01 | 0.240 | 2.326 |
| 2015-05-11 | 0.240 | 2.307 |
| 2015-04-29 | 0.240 | 2.282 |
| 2015-02-09 | 0.240 | 2.237 |
| 2015-01-27 | 0.240 | 2.226 |
| 2014-07-23 | 0.200 | 1.891 |
| 2014-04-23 | 0.160 | 1.503 |
| 2014-01-27 | 0.160 | 1.467 |
| 2013-11-06 | 0.120 | 1.280 |
| 2013-07-23 | 0.120 | 1.352 |
| 2013-04-23 | 0.120 | 1.453 |
| 2013-01-22 | 0.120 | 1.460 |
| 2012-04-24 | 0.000 | 0.000 |
| 2012-02-10 | 0.000 | 0.000 |
| 2012-01-24 | 0.000 | 0.000 |
| 2011-12-12 | 0.000 | 0.000 |
| 2011-11-14 | 0.000 | 0.000 |
| 2011-08-09 | 0.000 | 0.000 |
| 2011-07-27 | 0.000 | 0.000 |
| 2011-05-10 | 0.000 | 0.000 |
| 2011-04-26 | 0.000 | 0.000 |
| 2011-02-07 | 0.000 | 0.000 |
| 2011-01-24 | 0.000 | 0.000 |
| 2010-12-10 | 0.000 | 0.000 |
| 2010-11-09 | 0.000 | 0.000 |
| 2010-08-09 | 0.000 | 0.000 |
| 2010-01-29 | 0.040 | 1.020 |
| 2009-11-06 | 0.120 | 2.818 |
| 2009-07-31 | 0.240 | 5.238 |
| 2009-04-30 | 0.440 | 9.336 |
| 2009-01-28 | 0.440 | 8.953 |
| 2008-10-29 | 0.440 | 6.468 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
- Dividends per share have increased over the past 10 years.
Income/ dividend checks
We assess Timberland Bancorp's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Timberland Bancorp afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Timberland Bancorp has a total score of 3/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
TSBK Management
CEO
| COMPENSATION | $459,788 |
| AGE | 65 |
| TENURE AS CEO | 15.8 years |
CEO Bio
Mr. Michael R. Sand has been the President of Timberland BanCorp. Inc. and its subsidiary Timberland Bank (also known as Timberland Savings Bank) since January 23, 2003. Mr. Sand has been affiliated with Timberland Bank since 1977. Mr. Sand has been the Chief Executive Officer of Timberland BanCorp. Inc. and Timberland Bank since September 30, 2003. He served as Executive Vice President and Secretary of Timberland Bancorp, Inc. since 1997. He served as the Executive Vice President and Secretary of Timberland Bank since 1993. Mr. Sand has been a Director of Timberland BanCorp. Inc since 1993 and its subsidiary, Timberland Bank (the 'Bank') since 1993.
CEO Compensation
- Mike's compensation has been consistent with company performance over the past year, both up more than 20%.
- Mike's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the Timberland Bancorp management team in years:
- The average tenure for the Timberland Bancorp management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team
Mike Sand
President
$460K
65
15.8 yrs
Dean Brydon
Executive VP
$293K
52
19.5 yrs
Jonathan Fischer
Executive VP & COO
$260K
45
7.5 yrs
Robert Drugge
Executive Vice President of Lending
$293K
68
12.8 yrs
Ed Foster
Executive VP & Chief Credit Administrator
$244K
62
7.4 yrs
Marci Basich
Senior VP & Treasurer
50
17.5 yrs
Clarence Hamre
Advisory Director
$22K
85
10.4 yrs
Harold Warren
Advisory Director
$2K
85
10.8 yrs
Richard Pifer
Regional Manager of Community Lending
15.5 yrs
Board of Directors Tenure
Average tenure and age of the Timberland Bancorp board of directors in years:
- The tenure for the Timberland Bancorp board of directors is about average.
Board of Directors
Jon Parker
Chairman of the Board
$37K
70
10.5 yrs
Mike Sand
President
$460K
65
25.8 yrs
Andrea Clinton
Director
$31K
62
22.8 yrs
Larry Goldberg
Director
$35K
73
9.8 yrs
Mike Stoney
Director
$33K
50
9.3 yrs
Jim Davis
Director
$32K
72
2.3 yrs
Kathy Leodler
Director
$31K
63
2.2 yrs
Dave Smith
Independent Director
$34K
64
19.5 yrs
Dan Yerrington
Director
72
0.8 yrs
Who owns this company?
Recent Insider Trading
- Timberland Bancorp individual insiders have only sold shares in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 14. Jun 19 | Sell | Edward Foster | Individual | 07. Jun 19 | 07. Jun 19 | -1,900 | $25.64 | $-48,716 | ||
Management checks
We assess Timberland Bancorp's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Timberland Bancorp has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
TSBK News
Simply Wall St News
Announcing: Timberland Bancorp (NASDAQ:TSBK) Stock Increased An Energizing 165% In The Last Five Years
(NASDAQ:TSBK) which saw its share price drive 165% higher over five years. … During five years of share price growth, Timberland Bancorp achieved compound earnings per share (EPS) growth of 35% per year. … We note that for Timberland Bancorp the TSR over the last 5 years was 198%, which is better than the share price return mentioned above.
Simply Wall St - – Full articleTimberland Bancorp, Inc. (NASDAQ:TSBK) Has Got What It Takes To Be An Attractive Dividend Stock
Some simple analysis can reduce the risk of holding Timberland Bancorp for its dividend, and we'll focus on the most important aspects below. … Timberland Bancorp has been paying dividends for a long time, but for the purpose of this analysis, we only examine the past 10 years of payments. … Strong earnings per share (EPS) growth might encourage our interest in the company despite fluctuating dividends, which is why it's great to see Timberland Bancorp has grown its earnings per share at 35% per annum over the past five years. Earnings per share have grown rapidly, and the company is retaining a majority of its earnings. We think this is ideal from an investment perspective, if the company is able to reinvest these earnings effectively. Conclusion Dividend investors should always want to know if a) a company's dividends are affordable, b) if there is a track record of consistent payments, and c) if the dividend is capable of growing.
Simply Wall St - – Full articleHere's Why I Think Timberland Bancorp (NASDAQ:TSBK) Is An Interesting Stock
View our latest analysis for Timberland Bancorp How Fast Is Timberland Bancorp Growing? … Not all of Timberland Bancorp's revenue this year is revenue from operations, so keep in mind the revenue and margin numbers I've used might not be the best representation of the underlying business. … While we note Timberland Bancorp's EBIT margins were flat over the last year, revenue grew by a solid 13% to US$58m.
Simply Wall St - – Full articleCan We See Significant Institutional Ownership On The Timberland Bancorp, Inc. (NASDAQ:TSBK) Share Register?
Institutions will often hold stock in bigger companies, and we expect to see insiders owning a noticeable percentage of the smaller ones. … Companies that used to be publicly owned tend to have lower insider ownership. … Timberland Bancorp is a smaller company with a market capitalization of US$249m, so it may still be flying under the radar of many institutional investors.
Simply Wall St - – Full articleIs Timberland Bancorp, Inc.'s (NASDAQ:TSBK) CEO Paid At A Competitive Rate?
First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Mike Sand's Compensation Compare With Similar Sized Companies. … has a market capitalization of US$233m, and pays its CEO total annual compensation worth US$460k.
Simply Wall St - – Full articleDid Business Growth Power Timberland Bancorp's (NASDAQ:TSBK) Share Price Gain of 172%?
One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price. … During five years of share price growth, Timberland Bancorp achieved compound earnings per share (EPS) growth of 33% per year. … The EPS growth is more impressive than the yearly share price gain of 22% over the same period.
Simply Wall St - – Full articleWhat You Must Know About Timberland Bancorp, Inc.'s (NASDAQ:TSBK) Beta Value
The second type is the broader market volatility, which you cannot diversify away, since it arises from macroeconomic factors which directly affects all the stocks on the market. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … A stock with a beta greater than one is more sensitive to broader market movements than a stock with a beta of less than one.
Simply Wall St - – Full articleIs Timberland Bancorp, Inc. (NASDAQ:TSBK) A Smart Pick For Income Investors?
Dividends can be underrated but they form a large part of investment returns, playing an important role in compounding returns in the long run. … Historically, Timberland Bancorp, Inc. … Let's dig deeper into whether Timberland Bancorp should have a place in your portfolio.
Simply Wall St - – Full articleWhy Timberland Bancorp, Inc.'s (NASDAQ:TSBK) CEO Pay Matters To You
First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Mike Sand's Compensation Compare With Similar Sized Companies. … has a market capitalization of US$177m, and pays its CEO total annual compensation worth US$442k.
Simply Wall St - – Full articleTimberland Bancorp Inc (NASDAQ:TSBK) Will Pay US$0.23 In Dividends
If you are interested in cashing in on Timberland Bancorp Inc's (NASDAQ:TSBK) upcoming dividend of US$0.23 per share, you only have 4 days left to buy the shares before its ex-dividend date, 15 November 2018, in time for dividends payable on the 30 November 2018. … Below, I will explain how holding Timberland Bancorp can impact your portfolio income stream, by analysing the stock's most recent financial data and dividend attributes. … Whenever I am looking at a potential dividend stock investment, I always check these five metrics:?
Simply Wall St - – Full articleTSBK Company Info
Description
Timberland Bancorp, Inc. operates as the bank holding company for Timberland Bank that provides various banking services in Washington. It offers various deposit products, including money market deposit accounts, checking accounts, regular savings accounts, and 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 loans. In addition, it offers consumer loans comprising home equity lines of credit and second mortgage loans; and automobile loans, boat loans, motorcycle loans, recreational vehicle loans, savings account loans, and unsecured loans, as well as commercial business loans. The company operates 22 branches located in Grays Harbor, Pierce, Thurston, Kitsap, King, and Lewis counties in Washington. As of September 30, 2018, it operated 22 proprietary ATMs. Timberland Bancorp, Inc. was founded in 1915 and is based in Hoquiam, Washington.
Details
| Name: | Timberland Bancorp, Inc. |
| TSBK | |
| Exchange: | NasdaqGM |
| Founded: | 1915 |
| $213,279,875 | |
| 8,337,759 | |
| Website: | http://www.timberlandbank.com |
| Address: |
Timberland Bancorp, Inc. 624 Simpson Avenue, Hoquiam, Washington, 98550, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NasdaqGM | TSBK | Common Stock | Nasdaq Global Market | US | USD | 13. Jan 1998 |
Number of employees
Current staff
Industry
| Thrifts and Mortgage Finance | |
| Banks |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/07/18 23:47 |
| End of day share price update: | 2019/07/18 00:00 |
| Last earnings filing: | 2019/05/10 |
| Last earnings reported: | 2019/03/31 |
| Last annual earnings reported: | 2018/09/30 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
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.
