Timberland Bancorp, Inc. (NASDAQ:TSBK) Director Sells $125,324.00 in Stock

Key Points

• Director Andrea M. Clinton sold 3,800 shares of Timberland Bancorp, resulting in a 31.64% decrease in her ownership stake.
• Timberland Bancorp announced a quarterly dividend of $0.26 per share, which equates to an annualized yield of 3.14%.
• Shares of Timberland Bancorp recently traded at $33.16, with a market capitalization of $261.96 million and a P/E ratio of 9.75.

Timberland Bancorp, Inc. (NASDAQ:TSBK - Get Free Report) Director Andrea M. Clinton sold 3,800 shares of the stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $32.98, for a total transaction of $125,324.00. Following the sale, the director owned 8,210 shares in the company, valued at approximately $270,765.80. This trade represents a 31.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Timberland Bancorp Stock Down 0.7%

Timberland Bancorp stock traded down $0.23 during trading on Friday, reaching $31.07. The stock had a trading volume of 1,697 shares, compared to its average volume of 11,875. Timberland Bancorp, Inc. has a 52-week low of $26.09 and a 52-week high of $34.95. The business has a 50 day moving average price of $31.43 and a 200 day moving average price of $30.65. The stock has a market cap of $245.41 million, a PE ratio of 9.14 and a beta of 0.47. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.08.

Timberland Bancorp (NASDAQ:TSBK - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The savings and loans company reported $0.90 earnings per share for the quarter. Timberland Bancorp had a net margin of 24.19% and a return on equity of 10.87%. The business had revenue of $20.50 million for the quarter.

Timberland Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 22nd. Investors of record on Friday, August 8th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend is Friday, August 8th. Timberland Bancorp's dividend payout ratio is 30.59%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut Timberland Bancorp from a "buy" rating to a "hold" rating in a research note on Wednesday, May 21st.

Hedge Funds Weigh In On Timberland Bancorp

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Geode Capital Management LLC grew its stake in Timberland Bancorp by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 168,813 shares of the savings and loans company's stock worth $5,151,000 after buying an additional 435 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in Timberland Bancorp by 158.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,053 shares of the savings and loans company's stock worth $32,000 after buying an additional 645 shares during the last quarter. Bridgeway Capital Management LLC grew its stake in Timberland Bancorp by 0.5% during the 4th quarter. Bridgeway Capital Management LLC now owns 142,706 shares of the savings and loans company's stock worth $4,354,000 after buying an additional 705 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in Timberland Bancorp by 6.2% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 13,701 shares of the savings and loans company's stock worth $413,000 after buying an additional 804 shares during the last quarter. Finally, Wells Fargo & Company MN grew its stake in Timberland Bancorp by 16.1% during the 4th quarter. Wells Fargo & Company MN now owns 6,959 shares of the savings and loans company's stock worth $212,000 after buying an additional 964 shares during the last quarter. 65.49% of the stock is owned by institutional investors and hedge funds.

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.