Bridgeway Capital Management LLC Has $3.99 Million Holdings in Timberland Bancorp, Inc. $TSBK

Key Points

• Bridgeway Capital Management LLC has reduced its holdings in Timberland Bancorp by 7.3% during the first quarter, now owning approximately 1.66% of the company's shares.
• Timberland Bancorp recently announced a quarterly dividend of $0.26 per share, with a dividend yield of 3.0% and a payout ratio of 30.59%.
• Institutional investors collectively hold 65.49% of Timberland Bancorp's stock, highlighting significant interest from large financial entities.

Bridgeway Capital Management LLC reduced its holdings in Timberland Bancorp, Inc. (NASDAQ:TSBK - Free Report) by 7.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 132,226 shares of the savings and loans company's stock after selling 10,480 shares during the quarter. Bridgeway Capital Management LLC owned about 1.66% of Timberland Bancorp worth $3,987,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Tower Research Capital LLC TRC lifted its position in shares of 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 purchasing an additional 645 shares during the last quarter. Deutsche Bank AG acquired a new position in shares of Timberland Bancorp during the fourth quarter worth approximately $76,000. GAMMA Investing LLC lifted its holdings in shares of Timberland Bancorp by 22,400.0% during the first quarter. GAMMA Investing LLC now owns 2,925 shares of the savings and loans company's stock worth $97,000 after buying an additional 2,912 shares during the last quarter. Wells Fargo & Company MN boosted its position in shares of Timberland Bancorp by 16.1% in the fourth quarter. Wells Fargo & Company MN now owns 6,959 shares of the savings and loans company's stock valued at $212,000 after acquiring an additional 964 shares during the period. Finally, Nuveen LLC acquired a new stake in shares of Timberland Bancorp in the first quarter worth $381,000. 65.49% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered shares of Timberland Bancorp from a "buy" rating to a "hold" rating in a research report on Wednesday, May 21st.

Timberland Bancorp Stock Performance

TSBK traded up $1.51 on Thursday, hitting $36.14. 49,730 shares of the stock traded hands, compared to its average volume of 22,223. The business has a fifty day moving average price of $32.78 and a two-hundred day moving average price of $31.25. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $285.51 million, a PE ratio of 10.63 and a beta of 0.51. Timberland Bancorp, Inc. has a 52 week low of $27.51 and a 52 week high of $36.14.

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. The company had revenue of $20.50 million for the quarter. Timberland Bancorp had a return on equity of 10.79% and a net margin of 24.19%.

Timberland Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Friday, August 8th were paid a dividend of $0.26 per share. The ex-dividend date was Friday, August 8th. This represents a $1.04 dividend on an annualized basis and a yield of 2.9%. Timberland Bancorp's payout ratio is currently 30.59%.

Insider Buying and Selling at Timberland Bancorp

In other news, Director David Alan Smith sold 836 shares of the firm's stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $33.50, for a total transaction of $28,006.00. Following the completion of the transaction, the director directly owned 17,768 shares of the company's stock, valued at approximately $595,228. This trade represents a 4.49% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Andrea M. Clinton sold 3,800 shares of the company's stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $32.98, for a total transaction of $125,324.00. Following the completion of the sale, the director directly owned 8,210 shares in the company, valued at approximately $270,765.80. The trade was a 31.64% decrease in their position. The disclosure for this sale can be found here. Insiders own 3.70% of the company's stock.

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.