Stock fact sheet · data as of
Timberland Bancorp, Inc. (TSBK): fair value, margin of safety and Wheel Score
Ticker symbol TSBK · Financial Services · Banks - Regional · United States · Blend
Is TSBK undervalued?
Timberland Bancorp, Inc. (TSBK) closed at 48.16 on 5 Nov 2026, close to the GLS average fair value of 46.79 (2.9% above fair value). 3 of the 9 models that produced a number sit above the price, 6 below - the market and our models roughly agree. With little margin of safety either way, the case for or against the stock rests on the quality numbers and the option premium rather than on price.
The 9 models disagree widely: DDM gives 17.07 while Graham Growth gives 82.54. A spread that wide means the average is sensitive to which methods you trust; the model table below shows where each one lands, and the Quote page lets you switch any of them off.
Ranked against every other company we cover, neither cheapness nor growth clearly wins for TSBK, so the nightly engine files it under Blend (value score 54, growth score 48, out of 100).
Nine valuation models for TSBK
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 47.09 | -2% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 56.69 | +18% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 82.54 | +71% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 25.15 | -48% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 46.90 | -3% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 57.57 | +20% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 43.47 | -10% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 17.07 | -65% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 44.60 | -7% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -225.65 | -569% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 0.0000 | -100% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Financial health is average - TSBK passes 6 of the nine Piotroski tests, which passes the "Piotroski 6 or more" Wheel Trade Filter. The Financials tab on the Quote page shows which tests fail. The GLS Moat score is 9.0 out of 10 - high returns on capital, steady margins and growth that held up through bad years point to a durable business.
Returns on capital are moderate - ROIC 10.9%, ROE 11.3%, ROA 1.5% - with debt at 0.03 times equity and a free-cash-flow yield of 3.7%.
The dividend yield is 2.41% at a payout ratio of 43%; for a wheel trader holding assigned shares the dividend adds to the covered-call premium, and the ex-dividend date is worth knowing before a call is sold. Revenue comes mainly from Credit and Debit Card 52%, Deposit Account 42%, Servicing Income On Loans Sold 5% (quarter Q3 FY2026).
Institutional ownership scores 8/10, insider activity 4/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 6 / 9 | ROIC | 10.9% |
|---|---|---|---|
| GLS Moat | 9.0 / 10 | ROE | 11.3% |
| Debt / equity | 0.03 | ROA | 1.5% |
| Free-cash-flow yield | 3.7% | Payout ratio | 43% |
| Institutions | 8 / 10 | Insiders · Congress | 4 · 5 / 10 |
Wheel Score 36: Weak
TSBK scores 36 out of 100 on the Wheel Score, in the Weak band (under 50): it fails filter 1, options that actually trade - options too quiet (187 open interest, 37 a day); and filter 3, below fair value - trades 3% above our fair value; and filter 8, big enough - market cap $374M (under $1.0B), and the parts are thin too - value weak, premium good, moat strong, health good, red flags strong, option trading weak, stability fair. The score is not a judgement on the company; it says the price, quality and premium do not line up for selling puts on it today.
Implied volatility is 31% on the near-the-money contracts 20-60 days out: enough to pass the 25-80% Wheel Trade Filter, but under the 35-60% sweet spot the score rewards most. Chain open interest is thin - 187 contracts across every expiry - so fills at a fair price are not guaranteed; a 30-45-day put may not exist at a usable strike.
Volume runs at 38k shares a day on a market cap of $374M, with a beta of 0.33 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score rates that fair.
| Filter | Wheel Trade Filter | Result | Detail |
|---|---|---|---|
| 1 | Options that actually trade | Fails | options too quiet (187 open interest, 37 a day) |
| 2 | A real business, not a gamble | Passes | Profitable over the last twelve months - not a speculative stock, fund or note |
| 3 | Below fair value | Fails | trades 3% above our fair value |
| 4 | Financially healthy | Passes | Piotroski F-score 6 or more out of 9 (a company with no score on file passes) |
| 5 | Can repay its debt | Passes | Long-term debt repaid from 3 years of operating cash flow or less (6 for real estate and utilities; banks and insurers are not judged on it) |
| 6 | No serious red flags | Passes | Red Flags score 60 or more out of 100 (earnings, margins, debt, analysts, filings and price checked the same way for every stock) |
| 7 | A premium worth selling | Passes | Implied volatility 25-80% (enough premium, not a lottery ticket) |
| 8 | Big enough | Fails | market cap $374M (under $1.0B) |
| 9 | Not a penny stock | Passes | Share price $5 or more |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Weak | 3% above fair value | |
| Premium | Good | implied volatility 31% | |
| Moat | Strong | moat 9.0/10 | |
| Health | Good | Piotroski 6/9 | |
| Red Flags | Strong | Red Flags score 100/100 | |
| Option trading | Weak | 37 contracts a day, 187 open interest | |
| Stability | Fair | beta 0.33, $374M company |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls: a stock must pass all 9 Wheel Trade Filters to score 70, and the score then ranks the ones that pass; the Sunday Scan is the top 10. It is updated nightly and is not a recommendation. How the Wheel Score works · the walkthrough lesson shows how it fits into a trade, start to finish.
Upcoming events
The next earnings report is due on 25 Jan 2027, 81 days away - outside the window of a 30-45-day put sold today. The shares go ex-dividend on 12 Nov 2026 (0.3100 per share), so a covered call sold before then carries a small early-assignment risk around that date.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Banks - Regional
The 12 companies below are the closest to Timberland Bancorp, Inc. by market cap within the Banks - Regional industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| FRST Primis Financial Corp | 15.07 | 57.28 | +74% | 41Weak | $374M |
| WSBF Waterstone Financial, Inc. | 20.50 | 31.04 | +34% | 45Weak | $369M |
| USCB USCB Financial Holdings, Inc. | 19.94 | 31.98 | +38% | 34No options | $368M |
| AVBH Avidbank Holdings, Inc. | 34.92 | 48.67 | +28% | 30No options | $384M |
| BRBS Blue Ridge Bankshares, Inc. | 4.07 | 2.23 | -82% | 30Weak | $365M |
| CFFI C&F Financial Corporation | 112.23 | 102.19 | -10% | 21No options | $365M |
| MFGI Merchants Financial Group, Inc. | 47.00 | 38.33 | -23% | 20No options | $384M |
| MSBC Mission Bancorp | 125.00 | 136.80 | +9% | 26No options | $385M |
| RVRF River Financial Corp. | 50.00 | 110.88 | +55% | 38No options | $391M |
| FCNCN First Citizens BancShares, Inc. Depositary Shares, each representing a 1/40th interest in a share of 6.625% Non-Cumulative Perpetual Preferred Stock, Series E | 22.40 | 2,724.89 | +99% | 29No options | $358M |
| ISTR Investar Holding Corporation | 28.49 | 27.40 | -4% | 19No options | $393M |
| PKBK Parke Bancorp, Inc. | 33.44 | 48.92 | +32% | 51Fair | $393M |
⚖ Compare TSBK with 7 of them All Financial Services stocks →
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Start free See the Sunday ScanQuestions about TSBK
Is TSBK undervalued right now?
Not meaningfully: at 48.16 the stock trades within a few percent of the GLS average fair value of 46.79 (2.9% above fair value, data as of 5 Nov 2026).
What is the Wheel Score of TSBK and what does it mean?
TSBK scores 36 out of 100 (Weak) - it fails Wheel Trade Filters 1, 3, 8. The Wheel Score ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned - in two parts: the 9 pass/fail Wheel Trade Filters (busy options, a real business, below fair value, Piotroski 6 or more, debt it can repay, a Red Flags score of 60 or more, implied volatility of 25-80%, a $1 billion company, $5 a share) and a ranking of how strongly a stock passes on value, premium, moat, health, red flags, option trading and stability. A stock that fails any filter stays under 70; 70-84 is Good, 85 and above is Prime. The Sunday Scan is the top 10 that pass, sorted by Wheel Score.
What is the GLS fair value for TSBK?
46.79 per share as of 5 Nov 2026 - the simple average of the 9 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does Timberland Bancorp, Inc. report earnings next?
The next earnings report is due on 25 Jan 2027, 81 days from the data date of 5 Nov 2026. The Calendars page lists every upcoming report with its time of day.
Does TSBK have listed options, and how liquid are they?
Yes. The nightly snapshot found 46 listed contracts with 187 open interest across all expiries and implied volatility of 31% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.