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Navigating The Rate Regime: A 'Hold' Thesis On Timberland Bancorp [Seeking Alpha]

Timberland Bancorp, Inc. (TSBK) 
US:NASDAQ Investor Relations: timberlandbank.com/investor-relations
Company Research Source: Seeking Alpha
Timberland Bank has a highly focused business model. At current levels, Timberland has a price/book ratio of 1.04, compared to 1.03 for the Invesco KBW Regional Banking ETF, and 1.06 for the State Street SPDR S&P Regional. Gary Yeowell/DigitalVision via Getty Images Timberland Bancorp, Inc. ( TSBK ) is a well-run, stable bank that has navigated the various interest rate regimes that have bedeviled banks in recent years. In the last two fiscal years, profitability has accelerated, as the interest rate This article was written by Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. 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. Seeking Alpha's Disclosure: Past performa Show less Read more
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