Nuveen LLC Makes New Investment in Timberland Bancorp, Inc. $TSBK

Key Points

• Nuveen LLC acquired a new stake in Timberland Bancorp, Inc. by purchasing 12,649 shares valued at approximately $381,000, representing about 0.16% ownership of the company.
• Several other hedge funds increased their positions in Timberland Bancorp, with notable boosts including a 158.1% increase by Tower Research Capital LLC.
• The company recently announced a quarterly dividend of $0.26, resulting in an annualized yield of 3.0% and a dividend payout ratio of 30.59%.

Nuveen LLC bought a new stake in Timberland Bancorp, Inc. (NASDAQ:TSBK - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 12,649 shares of the savings and loans company's stock, valued at approximately $381,000. Nuveen LLC owned about 0.16% of Timberland Bancorp as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. GAMMA Investing LLC raised its holdings in shares of Timberland Bancorp by 22,400.0% in the 1st quarter. GAMMA Investing LLC now owns 2,925 shares of the savings and loans company's stock worth $97,000 after purchasing an additional 2,912 shares during the period. Bank of America Corp DE increased its position in Timberland Bancorp by 14.3% in the fourth quarter. Bank of America Corp DE now owns 17,767 shares of the savings and loans company's stock worth $542,000 after buying an additional 2,220 shares during the last quarter. Northern Trust Corp raised its stake in shares of Timberland Bancorp by 3.0% in the fourth quarter. Northern Trust Corp now owns 71,632 shares of the savings and loans company's stock valued at $2,185,000 after buying an additional 2,066 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Timberland Bancorp by 1.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 574,477 shares of the savings and loans company's stock valued at $17,527,000 after buying an additional 6,311 shares during the last quarter. Finally, Deutsche Bank AG purchased a new position in shares of Timberland Bancorp during the 4th quarter valued at $76,000. Hedge funds and other institutional investors own 65.49% of the company's stock.

Analyst Upgrades and Downgrades

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

Insider Activity at Timberland Bancorp

In other Timberland Bancorp news, Director Andrea M. Clinton sold 3,800 shares of Timberland Bancorp stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $32.98, for a total transaction of $125,324.00. Following the completion of the sale, the director owned 8,210 shares of the company's stock, valued at $270,765.80. The trade was a 31.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director David Alan Smith sold 836 shares of the business's stock in a transaction that occurred on Tuesday, July 29th. The stock was sold at an average price of $33.50, for a total value of $28,006.00. Following the completion of the sale, the director owned 17,768 shares of the company's stock, valued at $595,228. The trade was a 4.49% decrease in their position. The disclosure for this sale can be found here. 3.70% of the stock is currently owned by corporate insiders.

Timberland Bancorp Price Performance

Shares of Timberland Bancorp stock traded down $0.04 on Wednesday, reaching $34.63. The stock had a trading volume of 18,652 shares, compared to its average volume of 22,136. The business's 50 day moving average is $32.71 and its two-hundred day moving average is $31.21. The company has a market cap of $273.58 million, a P/E ratio of 10.19 and a beta of 0.51. Timberland Bancorp, Inc. has a 1 year low of $27.51 and a 1 year high of $34.95. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.08.

Timberland Bancorp (NASDAQ:TSBK - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The savings and loans company reported $0.90 earnings per share (EPS) for the quarter. The business had revenue of $20.50 million for the quarter. Timberland Bancorp had a net margin of 24.19% and a return on equity of 10.79%.

Timberland Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 22nd. Stockholders of record on Friday, August 8th were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date was Friday, August 8th. Timberland Bancorp's dividend payout ratio (DPR) is 30.59%.

Timberland Bancorp Profile

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.