BlackRock Inc. Makes New $30.93 Million Investment in Timberland Bancorp, Inc. $TSBK

Key Points

• BlackRock acquired 690,183 shares of Timberland Bancorp during the second quarter, worth approximately $30.93 million and representing an 8.82% stake. Institutional investors and hedge funds collectively own 65.49% of the company.
• Timberland Bancorp reported quarterly EPS of $0.98 on $21.10 million in revenue, with a 26.46% net margin and 11.72% return on equity. The company also raised its quarterly dividend to $0.30 per share, equivalent to a 2.7% yield.
• The stock opened at $45.02, compared with a 52-week range of $30.93 to $49.38. MarketBeat’s consensus rating remains “Buy,” although Weiss Ratings lowered its rating from “buy (b+)” to “buy (b).”

BlackRock Inc. acquired a new stake in Timberland Bancorp, Inc. (NASDAQ:TSBK - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 690,183 shares of the savings and loans company's stock, valued at approximately $30,927,000. BlackRock Inc. owned 8.82% of Timberland Bancorp as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. EverSource Wealth Advisors LLC boosted its stake in shares of Timberland Bancorp by 20,325.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 817 shares of the savings and loans company's stock worth $25,000 after acquiring an additional 813 shares during the period. Strs Ohio acquired a new position in shares of Timberland Bancorp during the 1st quarter worth approximately $33,000. Raymond James Financial Inc. bought a new stake in Timberland Bancorp in the 2nd quarter valued at $62,000. Tower Research Capital LLC TRC raised its stake in Timberland Bancorp by 610.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,024 shares of the savings and loans company's stock valued at $63,000 after acquiring an additional 1,739 shares during the period. Finally, BNP Paribas Financial Markets lifted its holdings in Timberland Bancorp by 230.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,329 shares of the savings and loans company's stock valued at $111,000 after purchasing an additional 2,321 shares during the last quarter. 65.49% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered shares of Timberland Bancorp from a "buy (b+)" rating to a "buy (b)" rating in a research report on Monday, August 17th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy".

Insider Activity at Timberland Bancorp

In other news, Director David Alan Smith sold 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $43.90, for a total transaction of $43,900.00. Following the transaction, the director directly owned 18,468 shares of the company's stock, valued at approximately $810,745.20. This trade represents a 5.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 3.60% of the company's stock.

Timberland Bancorp Stock Down 1.3%

TSBK opened at $45.02 on Wednesday. Timberland Bancorp, Inc. has a fifty-two week low of $30.93 and a fifty-two week high of $49.38. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.00 and a current ratio of 1.00. The company has a market capitalization of $350.26 million, a P/E ratio of 11.28 and a beta of 0.31. The stock has a fifty day moving average of $44.87 and a 200-day moving average of $41.85.

Timberland Bancorp (NASDAQ:TSBK - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The savings and loans company reported $0.98 EPS for the quarter. Timberland Bancorp had a net margin of 26.46% and a return on equity of 11.72%. The business had revenue of $21.10 million for the quarter.

Timberland Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 24th. Stockholders of record on Monday, August 10th were issued a dividend of $0.30 per share. This is a boost from Timberland Bancorp's previous quarterly dividend of $0.29. This represents a $1.20 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Monday, August 10th. Timberland Bancorp's payout ratio is 30.08%.

Timberland Bancorp Company Profile

Timberland Bancorp, Inc is the bank holding company for Timberland Bank, a Washington-chartered commercial bank serving individuals and businesses in southwestern Washington. The company conducts its operations through Timberland Bank, offering a range of community banking services tailored to local market needs. As a publicly traded company on the NASDAQ under the symbol TSBK, Timberland Bancorp focuses on delivering personalized financial solutions while maintaining a community-oriented approach.

Timberland Bank's core products include deposit accounts such as checking, savings and money market accounts, certificates of deposit and retirement accounts.

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