Executive VP & Chief Credit Officer Of Timberland Bancorp Sold 60% Of Their Shares

We'd be surprised if Timberland Bancorp, Inc. (NASDAQ:TSBK) shareholders haven't noticed that the Executive VP & Chief Credit Officer, Todd Van Cise, recently sold US$229k worth of stock at US$32.65 per share. In particular, we note that the sale equated to a 60% reduction in their position size, which doesn't exactly instill confidence.

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Timberland Bancorp Insider Transactions Over The Last Year

In fact, the recent sale by Todd Van Cise was the biggest sale of Timberland Bancorp shares made by an insider individual in the last twelve months, according to our records. So we know that an insider sold shares at around the present share price of US$31.29. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. We note that this sale took place at around the current price, so it isn't a major concern, though it's hardly a good sign.

In the last year Timberland Bancorp insiders didn't buy any company stock. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

View our latest analysis for Timberland Bancorp

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Insider Ownership Of Timberland Bancorp

Many investors like to check how much of a company is owned by insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Insiders own 2.6% of Timberland Bancorp shares, worth about US$6.6m, according to our data. We do generally prefer see higher levels of insider ownership.

So What Do The Timberland Bancorp Insider Transactions Indicate?

Insiders sold stock recently, but they haven't been buying. And even if we look at the last year, we didn't see any purchases. But it is good to see that Timberland Bancorp is growing earnings. When you consider that most companies have higher levels of insider ownership, we're a little wary. So we'd only buy after very careful consideration. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Timberland Bancorp. Every company has risks, and we've spotted 1 warning sign for Timberland Bancorp you should know about.

But note: Timberland Bancorp may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.