Todd Van Cise, Chief Credit Officer and Executive Vice President of Timberland Bancorp Inc. (NASDAQ:TSBK), reported the sale of 400 shares of common stock on November 6, 2024, at a price of $32.61 per share, totaling $13,044. This transaction reduced his direct ownership to 2,500 shares.
On the same day, Van Cise also exercised stock options to acquire 400 shares at a price of $16.87 per share, for a total value of $6,748. Following these transactions, his direct ownership amounts to 9,400 shares.
Additionally, Van Cise holds 2,108 shares indirectly through the Timberland Bank Employee Stock Ownership and 401(k) Plan.
InvestingPro Insights
Recent data from InvestingPro sheds light on Timberland Bancorp Inc.'s (NASDAQ:TSBK) financial performance and market position, providing context to the insider transactions reported.
The company's stock has shown impressive momentum, with InvestingPro Tips highlighting significant returns over various timeframes. TSBK has delivered a strong 19.73% return over the last month and an even more substantial 36.4% return over the past six months. This positive trend aligns with the timing of Todd Van Cise's decision to exercise options and sell a portion of his shares.
Despite the recent stock performance, TSBK's valuation remains relatively modest. The company's P/E ratio stands at 10.59, suggesting it may be undervalued compared to industry peers. This could explain why Van Cise chose to retain a significant portion of his shares after the reported transactions.
Notably, Timberland Bancorp has maintained dividend payments for 12 consecutive years, as per an InvestingPro Tip. This consistency in shareholder returns, coupled with a current dividend yield of 2.94%, may contribute to the stock's attractiveness for long-term investors.
For readers interested in a more comprehensive analysis, InvestingPro offers 8 additional tips for TSBK, providing deeper insights into the company's financial health and market position.
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