David Alan Smith, a director at Timberland Bancorp Inc. (NASDAQ:TSBK), recently executed several transactions involving the company's common stock. On November 6 and 7, Smith sold a total of 1,000 shares, generating proceeds of $33,268. The shares were sold at prices ranging from $32.77 to $33.46.
In addition to these sales, Smith exercised options to acquire 1,000 shares at a price of $10.55 per share. Following these transactions, Smith holds 17,768 shares of Timberland Bancorp directly.
InvestingPro Insights
While David Alan Smith's recent transactions in Timberland Bancorp Inc. (NASDAQ:TSBK) stock are noteworthy, investors should also consider the broader financial picture of the company. According to InvestingPro data, Timberland Bancorp has a market capitalization of $254.41 million and a price-to-earnings ratio of 10.48, suggesting a relatively modest valuation compared to industry peers.
One of the InvestingPro Tips highlights that Timberland Bancorp has maintained dividend payments for 12 consecutive years, which may be of interest to income-focused investors. This is further supported by the company's current dividend yield of 3.16% and a dividend growth rate of 8.7% over the last twelve months.
Another InvestingPro Tip indicates that the company has been profitable over the last twelve months, with a reported operating income of $31.99 million and an impressive operating income margin of 43.14%. This profitability, combined with the company's consistent dividend history, could explain why insiders like Smith continue to hold significant positions in the stock despite recent sales.
For investors seeking a more comprehensive analysis, InvestingPro offers additional tips and metrics that could provide deeper insights into Timberland Bancorp's financial health and future prospects.
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