TSBK
Timberland Bancorp, Inc.Financial Services·Banks - Regional
$40.58
$318M market cap
Revenue
$88.3M
Free Cash Flow
$21.5M
Rev Growth
+0.0%
FCF Margin
24.3%
P/FCF
14.8x
EV/FCF
14.7x
Fwd EV/EBITDA
--
Fair Value
--
Upside
--
Timberland Bancorp, Inc. operates as the bank holding company for Timberland Bank that provides various community banking services in Washington. It offers various deposit products, including money market deposit, checking, and regular savings accounts, as well as 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 cons
2-Year Price History
$40.16+72.9%
Quarterly Financials & Projections
Quarterly Waterfall ($ M)
| Period | Rev | EBITDA | OpIn | NI | OCF | FCF | CapEx | Cash | Debt | Shares | ROIC | IntCov | EV/EBITDA | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Act | 2026-Q2 | 28.8 | 8.9 | 8.9 | 7.1 | 4.4 | 3.9 | -0.5 | 24.2 | 22.9 | 7.9 | 25.0% | 1.1x | -- |
| Act | 2026-Q1 | 30.0 | 10.3 | 10.3 | 8.2 | 8.6 | 8.1 | -0.5 | 156.4 | 26.0 | 7.9 | 28.4% | 1.3x | -- |
| Act | 2025-Q4 | 29.6 | 11.0 | 10.3 | 8.5 | 10.1 | 9.5 | -0.6 | 281.9 | 23.1 | 7.9 | 31.2% | 1.3x | -- |
Valuation & Metrics
Market Stats
Price$40.58
Market Cap$318M
Enterprise Value$316M
P/S Ratio3.6x
P/FCF14.8x
EV/FCF14.7x
FCF Margin (TTM)24.3%
FCF Yield6.8%
Dividend Yield (TTM)3.4%
Annual Dilution0.0%
CurrencyUSD
TTM Financial Snapshot
Revenue$88.3M
Net Income$23.8M
Free Cash Flow$21.5M
Revenue Growth (YoY)+0.0%
EBITDA Margin34.1%
Net Margin26.9%
FCF Margin24.3%
CapEx % of Revenue1.8%
SBC % of Revenue0.2%
ROIC28.2%
WC Change % Rev-9.0%
Interest Coverage1.3x
Forward Outlook & Risk
Short Interest
Short % of Float--
Short Shares0.1M
Days to Cover1.9
Change (vs Prior)+3.0%
Need at least 2 settlement dates for chart
Employees
Headcount274
Revenue / Employee$322,434
Gross Profit / Employee$231,588
Institutional Ownership
Headline & net flow
NEUTRAL
Net flow · —still filing
No float data — flow unavailable.
Ownership composition
Active
39.2%(+10.0% YoY)
96 filers
hedge / family / endowment
Retail funds
—
Fidelity, Schwab, 401(k)
Passive
24.9%(+6.3% YoY)
9 filers
Vanguard, iShares, SPDR
Market makers
0.1%(-0.1% YoY)
3 filers
Citadel, Susquehanna
Insiders
—
Form 4 — latest per insider
ActiveRetail fundsPassiveMarket makersRetail direct
Top holders
| Fund | $ value | Cost basis | Δ QoQ | Δ YoY | α life | Fund AUM |
|---|---|---|---|---|---|---|
| BlackRock, Inc.Passive | $26.2M | $29.27 | −$1.1M | +$2.2M | -0.2% | $5.69T |
| DIMENSIONAL FUND ADVISORS LPPassive | $22.0M | $26.25 | −$106K | −$604K | -0.4% | $480.92B |
| VANGUARD CAPITAL MANAGEMENT LLCPassive | $12.9M | $39.15 | +$12.8M | +$12.9M | — | $4.04T |
| Cutler Capital Management, LLC | $11.5M | $24.23 | −$23K | −$300K | -0.7% | $310M |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $11.3M | $24.13 | −$120K | −$559K | -0.2% | $113.45B |
| ROYCE & ASSOCIATES LP | $10.4M | $29.24 | −$7K | −$512K | -0.9% | $10.09B |
| Siena Capital Partners GP, LLC | $9.1M | $21.89 | +$0 | +$0 | -0.4% | $385M |
| Fourthstone LLC | $9.1M | $30.24 | +$4.7M | +$9.1M | -1.8% | $590M |
| RENAISSANCE TECHNOLOGIES LLC | $8.6M | $29.31 | −$20K | −$43K | +1.2% | $63.91B |
| Davis Asset Management, L.P. | $6.9M | $24.43 | +$0 | +$0 | -0.7% | $3.46B |
| GEODE CAPITAL MANAGEMENT, LLCPassive | $6.8M | $24.29 | −$37K | −$51K | +2.3% | $1.61T |
| STATE STREET CORPPassive | $5.2M | $26.02 | +$240K | +$794K | -0.2% | $2.89T |
| GABELLI FUNDS LLC | $4.9M | $30.25 | +$0 | +$4.9M | -0.2% | $14.68B |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | $4.8M | $23.18 | −$352K | −$378K | -2.3% | $4.93B |
| KILEY JUERGENS WEALTH MANAGEMENT, LLC | $4.7M | $30.43 | −$5K | −$29K | +0.5% | $562M |
| ALLIANCEBERNSTEIN L.P. | $4.1M | $25.21 | −$576K | −$704K | -0.3% | $307.70B |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $3.4M | $23.62 | +$0 | +$29K | +0.1% | $184.72B |
| WESTPORT ASSET MANAGEMENT INC | $3.2M | $21.89 | +$0 | +$0 | -1.1% | $226M |
| GOLDMAN SACHS GROUP INC | $2.9M | $27.54 | +$366K | +$1.1M | -0.2% | $760.93B |
| De Lisle Partners LLP | $2.6M | $27.30 | +$78K | +$394K | -0.7% | $836M |
Cost basis is a volume-weighted estimate from accumulation periods within our 13F history; holders who built their position before our window started will show a stale basis. % above the cost basis is the unrealized gain at the current price.
Trading behavior
Smart-money alpha (lifetime, %/qtr)BEARISH
Holders
-0.39%
avg per quarter
Holders (ex-self)
-0.41%
excl. this stock
Buyers (this Q)
-1.11%
45 buyers · $0.03B in
Sellers (this Q)
-0.17%
34 sellers · $-0.01B out
alpha coverage: 92% of $ has a lifetime-alpha record
Holder behavior on this stocksource: stock
On big dips (−10%+)
-20.0%
how holders react when this stock falls
On quiet Qs
-5.8%
−10% to +10% baseline
On rallies (+10%+)
-23.1%
how they react when this stock rises
Holders' portfolio flow this Q
+2.8%
inflows — adds are organic
Sellers' portfolio flow this Q
-0.6%
Sellers' overall flow ~ flat.
▸ Compare to holder-profile behavior (across all their stocks)
Holder dip (any stock)
-3.4%
Holder mid (any stock)
-3.2%
Holder rally (any stock)
-2.8%
Biggest decreases this quarter
BlackRock, Inc.−$1.1Mα-0.2ALLIANCEBERNSTEIN L.P.−$576Kα-0.3MILLENNIUM MANAGEMENT LLCexited−$453KBRIDGEWAY CAPITAL MANAGEMENT, LLC−$352Kα-2.3RAYMOND JAMES FINANCIAL INCexited−$287KQuadrature Capital Ltdexited−$258KOrion Porfolio Solutions, LLCexited−$229KMeeder Advisory Services, Inc.exited−$228KMANUFACTURERS LIFE INSURANCE COMPANY, THE−$120Kα-0.2DIMENSIONAL FUND ADVISORS LP−$106Kα-0.4
New buyers this quarter
Top-5 holders · 41.0%
BlackRock, Inc.--
DIMENSIONAL FUND ADVISORS LP--
VANGUARD CAPITAL MANAGEMENT LLC--
Cutler Capital Management, LLC--
MANUFACTURERS LIFE INSURANCE COMPANY, THE--
Top Holders Over Time
5-year share-count history (top 10 holders by peak, incl. exited) + price
hover the chart for per-quarter detailprice (right axis)
ROYCE & ASSOCIATES LP263KFourthstone LLC230KMANUFACTURERS LIFE INSURANCE COMPANY, THE286KCutler Capital Management, LLC291KRENAISSANCE TECHNOLOGIES LLC218KSiena Capital Partners GP, LLC231KRhino Investment Partners, Inc—Davis Asset Management, L.P.174KM3F, Inc.—DAVIS CAPITAL PARTNERS, LLC—
Analyst Coverage
Analyst Coverage
Analyst Ratings
1
Buy: 1Consensus: Buy
Corporate
Insider Trading (last 12mo)
Open-market only (Form 4 P-Purchase + S-Sale). Excludes grants, option exercises, tax withholding, gifts.
Officers & directors
Buys ($, 12mo)
$0
0 txns · 0 insiders · 0 sh
Sells ($, 12mo)
$1.02M
12 txns · 7 insiders · 27,600 sh
Recent transactions
| Date | Side | Insider | Title | Shares | Price | Dollars | Owned $ |
|---|---|---|---|---|---|---|---|
| 2026-02-06 | SELL | Antich Breanne D | officer: Chief Technology Officer/EVP | 800 | $40.05 | $32K | $168K |
| 2026-02-05 | SELL | BASICH MARCI A | officer: Chief Financial Officer/EVP | 477 | $39.50 | $19K | $190K |
| 2026-02-05 | SELL | Fischer Jonathan Arthur | officer: President/COO | 2,000 | $39.50 | $79K | $259K |
| 2026-02-03 | SELL | BASICH MARCI A | officer: Chief Financial Officer/EVP | 376 | $39.50 | $15K | $190K |
| 2026-02-02 | SELL | BASICH MARCI A | officer: Chief Financial Officer/EVP | 4,347 | $39.52 | $172K | $190K |
| 2026-02-02 | SELL | DeBord Matthew J | officer: Chief Lending Officer, EVP | 3,805 | $39.53 | $150K | $225K |
| 2026-01-30 | SELL | CLINTON ANDREA M | director | 1,600 | $39.19 | $63K | $349K |
| 2025-12-15 | SELL | DeBord Matthew J | officer: Chief Lending Officer, EVP | 5,195 | $37.51 | $195K | $214K |
| 2025-12-11 | SELL | STONEY MICHAEL JOHN | director | 1,000 | $36.99 | $37K | $334K |
| 2025-08-18 | SELL | Antich Breanne D | officer: Chief Technology Officer/EVP | 7,000 | $32.55 | $228K | $76K |
| 2025-08-13 | SELL | SMITH DAVID ALAN | director | 164 | $33.50 | $5K | $595K |
| 2025-07-29 | SELL | SMITH DAVID ALAN | director | 836 | $33.50 | $28K | $595K |
Order Flow (FINRA, ~3w lag)
10.0%retail+3.6pp
17.3%dark+5.2pp
week of 2026-04-13
Off-exchange volume from FINRA. Retail = non-ATS (wholesaler PFOF + broker internalization). Dark = ATS (dark-pool crossing networks, institutional). Lit-exchange = remainder.
Filing Risk Analysis
Filing Risk Scores
Timberland Bancorp: Recaptured Provisions Masking Core Deposit Erosion
Overall Risk
3/10
Fraud
2/10
Dilution
2/10
Insolvency
3/10
Earnings Overstated
4/10
Hidden Liabilities
2/10
Legal
2/10
Audit Warnings
2/10
Hidden Upside
4/10
Contextually Acceptable
8/10