Timberland Bancorp, Inc. (NASDAQ:TSBK) Shares Bought by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC raised its stake in shares of Timberland Bancorp, Inc. (NASDAQ:TSBK) by 158.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,053 shares of the savings and loans company’s stock after purchasing an additional 645 shares during the period. Tower Research Capital LLC TRC’s holdings in Timberland Bancorp were worth $32,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new stake in Timberland Bancorp during the 4th quarter valued at approximately $101,000. Wells Fargo & Company MN increased its holdings in shares of Timberland Bancorp by 16.1% in the 4th quarter. Wells Fargo & Company MN now owns 6,959 shares of the savings and loans company’s stock worth $212,000 after acquiring an additional 964 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its position in Timberland Bancorp by 55.2% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 12,897 shares of the savings and loans company’s stock valued at $393,000 after acquiring an additional 4,586 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Timberland Bancorp by 141.1% during the third quarter. JPMorgan Chase & Co. now owns 14,294 shares of the savings and loans company’s stock valued at $433,000 after purchasing an additional 8,365 shares during the period. Finally, Barclays PLC increased its stake in shares of Timberland Bancorp by 52.1% during the third quarter. Barclays PLC now owns 19,643 shares of the savings and loans company’s stock valued at $595,000 after acquiring an additional 6,725 shares during the period. 65.49% of the stock is currently owned by institutional investors and hedge funds.

Timberland Bancorp Trading Up 1.0%

Timberland Bancorp stock opened at $32.23 on Friday. The stock has a market cap of $256.42 million, a P/E ratio of 10.43 and a beta of 0.46. The company’s fifty day simple moving average is $30.10 and its 200-day simple moving average is $30.72. Timberland Bancorp, Inc. has a 12 month low of $24.26 and a 12 month high of $33.98. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.08.

Timberland Bancorp (NASDAQ:TSBK) last issued its quarterly earnings data on Tuesday, April 22nd. The savings and loans company reported $0.85 earnings per share (EPS) for the quarter. The firm had revenue of $19.90 million during the quarter. Timberland Bancorp had a net margin of 22.88% and a return on equity of 10.20%.

Timberland Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Friday, May 9th will be paid a dividend of $0.26 per share. This is an increase from Timberland Bancorp’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Friday, May 9th. This represents a $1.04 annualized dividend and a yield of 3.23%. Timberland Bancorp’s dividend payout ratio is presently 32.10%.

Analyst Ratings Changes

Separately, StockNews.com upgraded Timberland Bancorp from a “hold” rating to a “buy” rating in a report on Tuesday.

About Timberland Bancorp

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, and commercial real estate loans; and construction lending products, such as custom and owner/builder, speculative one- to four-family, commercial, multi-family, land development, and land development.