Hsbc Holdings PLC Buys Shares of 27,171 Timberland Bancorp, Inc. $TSBK

Hsbc Holdings PLC acquired a new stake in shares of Timberland Bancorp, Inc. (NASDAQ:TSBK - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 27,171 shares of the savings and loans company's stock, valued at approximately $1,209,000. Hsbc Holdings PLC owned 0.35% of Timberland Bancorp at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the company. BlackRock Inc. bought a new stake in Timberland Bancorp in the 2nd quarter valued at about $30,927,000. The Manufacturers Life Insurance Company purchased a new stake in Timberland Bancorp during the second quarter valued at about $12,751,000. Davis Asset Management L.P. bought a new position in Timberland Bancorp during the second quarter worth about $7,818,000. Westport Asset Management Inc. bought a new position in Timberland Bancorp during the second quarter worth about $3,626,000. Finally, Fourthstone LLC increased its stake in shares of Timberland Bancorp by 207.5% in the fourth quarter. Fourthstone LLC now owns 109,687 shares of the savings and loans company's stock worth $3,927,000 after purchasing an additional 74,011 shares in the last quarter. 65.49% of the stock is owned by hedge funds and other institutional investors.

Timberland Bancorp Stock Down 1.7%

TSBK stock opened at $45.59 on Tuesday. The stock has a 50-day simple moving average of $44.85 and a two-hundred day simple moving average of $41.80. Timberland Bancorp, Inc. has a twelve month low of $30.93 and a twelve month high of $49.38. The firm has a market capitalization of $354.69 million, a PE ratio of 11.43 and a beta of 0.31. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.04.

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

Timberland Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 24th. Investors 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. The ex-dividend date of this dividend was Monday, August 10th. This represents a $1.20 dividend on an annualized basis and a yield of 2.6%. Timberland Bancorp's payout ratio is currently 30.08%.

Insider Transactions at Timberland Bancorp

In other Timberland Bancorp news, Director David Alan Smith sold 1,000 shares of the stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $43.90, for a total value of $43,900.00. Following the sale, the director directly owned 18,468 shares in the company, valued at $810,745.20. This represents a 5.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.60% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

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 analyst has rated the stock with a Buy rating, According to data from MarketBeat, Timberland Bancorp currently has an average rating of "Buy".

Timberland Bancorp 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source