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Timberland Bancorp: Interesting Thanks To A 5% Dividend Hike And Increasing Book Value

Feb. 22, 2023 8:30 AM ETTimberland Bancorp, Inc. (TSBK)


  • Timberland Bancorp is a small local bank focusing on Washington State.
  • The bank has an impressive history of asset quality, which helps to keep the loan loss provisions low.
  • TSBK stock is still not expensive after a recent rally as the stock is trading at less than 10 times earnings.
  • Although the dividend was increased, the bank still retains the majority of its earnings on its balance sheet, which will boost the TBVPS.
  • Looking for a helping hand in the market? Members of European Small-Cap Ideas get exclusive ideas and guidance to navigate any climate. Learn More »
USA states on map: Washington

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Timberland Bancorp (NASDAQ:TSBK) is a local bank in Washington State. I have been keeping an eye on this bank for more than two years now, and since November 2020, the total return (share price appreciation and dividends)

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This article was written by

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The Investment Doctor is a financial writer, highlighting European small-caps with a 5-7 year investment horizon. He strongly believes a portfolio should consist of a mixture of dividend and growth stocks.

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Analyst’s Disclosure: I/we have a beneficial long position in the shares of TSBK either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

I have a small long position in Timberland Bancorp which I hope to further expand.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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