Timberland Bancorp
Market Cap
US$230.6m
Last Updated
2020/02/24 01:46 UTC
Data Sources
Company Financials
Executive Summary
Timberland Bancorp, Inc. operates as the bank holding company for Timberland Bank that provides various banking services in Washington.
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet with solid track record.
Similar Companies
Share Price & News
How has Timberland Bancorp's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: TSBK has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-0.6%
TSBK
-1.0%
US Mortgage
-1.1%
US Market
1 Year Return
-7.9%
TSBK
5.8%
US Mortgage
17.8%
US Market
Return vs Industry: TSBK underperformed the US Mortgage industry which returned 4.9% over the past year.
Return vs Market: TSBK underperformed the US Market which returned 17.9% over the past year.
Shareholder returns
| TSBK | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.6% | -1.0% | -1.1% |
| 30 Day | -3.3% | -1.2% | 1.5% |
| 90 Day | -7.0% | -3.2% | 6.6% |
| 1 Year | -5.0%-7.9% | 8.3%5.8% | 20.2%17.8% |
| 3 Year | 38.9%28.8% | 18.4%10.0% | 47.5%38.1% |
| 5 Year | 195.2%160.6% | 57.0%39.7% | 71.2%52.4% |
Price Volatility Vs. Market
How volatile is Timberland Bancorp's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
Timberland Bancorp, Inc. (NASDAQ:TSBK) Passed Our Checks, And It's About To Pay A US$0.20 Dividend3 weeks ago | Simply Wall St
How Timberland Bancorp, Inc. (NASDAQ:TSBK) Can Impact Your Portfolio Volatility1 month ago | Simply Wall St
Why Timberland Bancorp, Inc.'s (NASDAQ:TSBK) CEO Pay Matters To YouValuation
Is Timberland Bancorp undervalued compared to its fair value and its price relative to the market?
32.9%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: TSBK ($27.57) is trading below our estimate of fair value ($41.02)
Significantly Below Fair Value: TSBK is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: TSBK is good value based on its PE Ratio (9.2x) compared to the Mortgage industry average (13.6x).
PE vs Market: TSBK is good value based on its PE Ratio (9.2x) compared to the US market (18.2x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate TSBK's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: TSBK is overvalued based on its PB Ratio (1.3x) compared to the US Mortgage industry average (1.1x).
Next Steps
Future Growth
How is Timberland Bancorp forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
6.4%
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.
Next Steps
- 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.
- Explore growth companies in the Banks industry.
Past Performance
How has Timberland Bancorp performed over the past 5 years?
26.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TSBK has high quality earnings.
Growing Profit Margin: TSBK's current net profit margins (38.1%) are higher than last year (34.2%).
Past Earnings Growth Analysis
Earnings Trend: TSBK's earnings have grown significantly by 26.2% per year over the past 5 years.
Accelerating Growth: TSBK's earnings growth over the past year (33.8%) exceeds its 5-year average (26.2% per year).
Earnings vs Industry: TSBK earnings growth over the past year (33.8%) exceeded the Mortgage industry 11.1%.
Return on Equity
High ROE: TSBK's Return on Equity (14.3%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Timberland Bancorp's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Inventory Level: TSBK has a low level of unsold assets or inventory.
Debt Coverage by Assets: Insufficient data to determine if TSBK's debt is covered by short term assets.
Financial Institutions Analysis
Asset Level: TSBK's level of assets compared to its equity is low.
Allowance for Bad Loans: TSBK has a sufficient allowance for bad loans.
Low Risk Liabilities: TSBK's liabilities are made up of primarily low risk sources of funding.
Loan Level: TSBK has an acceptable proportion of non-loan assets held.
Low Risk Deposits: TSBK's loans are broadly funded by customer deposits.
Level of Bad Loans: TSBK has an appropriate level of bad loans (0.3%)
Next Steps
Dividend
What is Timberland Bancorp's current dividend yield, its reliability and sustainability?
2.90%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: TSBK's dividend (2.9%) is higher than the bottom 25% of dividend payers in the US market (1.45%).
High Dividend: TSBK's dividend (2.9%) is low compared to the top 25% of dividend payers in the US market (3.73%).
Stability and Growth of Payments
Stable Dividend: TSBK's dividend payments have been volatile in the past 10 years.
Growing Dividend: TSBK's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (19.9%), 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 and that it will be covered by earnings.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
13.4yrs
Average management tenure
CEO
Mike Sand (65yo)
16.4yrs
Tenure
US$502,137
Compensation
Mr. Michael R. Sand has been the President of Timberland BanCorp. Inc. and its subsidiary Timberland Bank (also known as Timberland Savings Bank) since January 23, 2003. Mr. Sand has been affiliated with T ...
CEO Compensation Analysis
Compensation vs Market: Mike's total compensation ($USD502.14K) is below average for companies of similar size in the US market ($USD1.11M).
Compensation vs Earnings: Mike's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 16.4yrs | US$502.14k | 2% $4.6m | |
| Executive VP | 20.1yrs | US$301.91k | 0.61% $1.4m | |
| Executive Vice President of Lending | 13.4yrs | US$301.70k | 0.36% $819.8k | |
| Executive VP & COO | 7.5yrs | US$260.12k | 0.16% $375.1k | |
| Executive VP & Chief Credit Administrator | 8yrs | US$243.61k | 0.14% $317.1k | |
| Senior VP & Treasurer | 18.1yrs | no data | no data | |
| Advisory Director | 11yrs | US$22.03k | no data | |
| Advisory Director | 11.3yrs | US$2.38k | no data | |
| Regional Manager of Community Lending | 16.1yrs | no data | no data |
13.4yrs
Average Tenure
63.5yo
Average Age
Experienced Management: TSBK's management team is seasoned and experienced (13.4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 16.4yrs | US$502.14k | 2% $4.6m | |
| Independent Director | 20.1yrs | US$32.22k | 0.20% $451.4k | |
| Independent Director | 23.4yrs | US$32.12k | 0.083% $192.0k | |
| Chairman of the Board | 11.1yrs | US$36.32k | 0.47% $1.1m | |
| Independent Director | 2.8yrs | US$30.72k | no data | |
| Independent Director | 10.4yrs | US$34.02k | 0.088% $203.3k | |
| Independent Director | 9.8yrs | US$32.82k | 0.087% $199.9k | |
| Independent Director | 2.8yrs | US$32.42k | 0.0024% $5.7k | |
| Director | 1.3yrs | US$26.92k | 1.37% $3.2m |
10.4yrs
Average Tenure
65yo
Average Age
Experienced Board: TSBK's board of directors are seasoned and experienced ( 10.4 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: TSBK insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 9.9%.
Top Shareholders
Company Information
Timberland Bancorp, Inc.'s company bio, 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
- Market Cap: US$230.645m
- Shares outstanding: 8.37m
- Website: https://www.timberlandbank.com
Number of Employees
Location
- Timberland Bancorp, Inc.
- 624 Simpson Avenue
- Hoquiam
- Washington
- 98550
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| TSBK | NasdaqGM (Nasdaq Global Market) | Yes | Common Stock | US | USD | Jan 1998 |
Biography
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 24 branches located in Grays Harbor, Pierce, Thurston, Kitsap, King, and Lewis counties in Washington. As of September 30, 2019, it operated 25 proprietary automated teller machines. Timberland Bancorp, Inc. was founded in 1915 and is based in Hoquiam, Washington.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/24 01:46 |
| End of Day Share Price | 2020/02/21 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/09/30 |
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.