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Why Timberland Bancorp (TSBK) Has A Bright Short-Term Future?
December 26, 2013
One company that should be on your radar is Timberland Bancorp, Inc. . The stock of this savings bank has seen its Zacks Rank surge over the past four weeks, moving from Sell territory to its current position as a Buy.
A key reason for this move has been the positive trend in the earnings estimate revisions picture. For TSBK’s full year estimate, we have seen 1 estimate go higher in the past 30 days, compared to none moving lower. This trend has helped the consensus estimate to trend higher, going from 75 cents a share a month ago to its current level at 80 cents.
This positive shift in estimates has made some investors take notice and buy the stock. In fact, TSBK has seen some pretty solid trading lately, as the company has moved higher by 11.3% in the past month.
If Timberland Bancorp can keep up this great momentum on the earnings estimate front and continue to impress analysts, we could see more gains ahead for this company, suggesting that you might want to put TSBK on your watch list for the future.
Other top-ranked stocks worth considering in this space include Arrow Financial Corporation , Center Bancorp, Inc. and Horizon Bancorp ( HBNC - Snapshot Report) . All these carry a Zacks Rank #1 (Strong Buy).
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