12,649 Shares in Timberland Bancorp, Inc. $TSBK Acquired by Nuveen LLC

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 purchased a new position in Timberland Bancorp, Inc. (NASDAQ:TSBK - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 12,649 shares of the savings and loans company's stock, valued at approximately $381,000. Nuveen LLC owned 0.16% of Timberland Bancorp at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Tower Research Capital LLC TRC raised its holdings in shares of Timberland Bancorp by 158.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,053 shares of the savings and loans company's stock valued at $32,000 after acquiring an additional 645 shares during the last quarter. Deutsche Bank AG acquired a new position in shares of Timberland Bancorp during the fourth quarter valued at approximately $76,000. GAMMA Investing LLC raised 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 valued at $97,000 after acquiring an additional 2,912 shares during the last quarter. Wells Fargo & Company MN raised its holdings in shares of Timberland Bancorp by 16.1% during 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 last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Timberland Bancorp by 6.2% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 13,701 shares of the savings and loans company's stock valued at $413,000 after acquiring an additional 804 shares during the last quarter. Institutional investors and hedge funds own 65.49% of the company's stock.

Analyst Ratings Changes

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

Insider Activity at Timberland Bancorp

In related news, 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 value of $125,324.00. Following the completion of the transaction, the director directly owned 8,210 shares in the company, valued at approximately $270,765.80. This represents a 31.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director David Alan Smith sold 836 shares of the 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 transaction, the director owned 17,768 shares of the company's stock, valued at $595,228. The trade was a 4.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.70% of the stock is currently owned by company insiders.

Timberland Bancorp Price Performance

Shares of NASDAQ:TSBK traded up $0.01 during midday trading on Friday, hitting $34.54. The company had a trading volume of 16,722 shares, compared to its average volume of 17,999. Timberland Bancorp, Inc. has a twelve month low of $27.51 and a twelve month high of $34.95. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.99 and a quick ratio of 0.99. The stock has a market cap of $272.87 million, a price-to-earnings ratio of 10.16 and a beta of 0.51. The business's 50-day simple moving average is $32.52 and its 200-day simple moving average is $31.14.

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

Timberland Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Friday, August 8th were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend was Friday, August 8th. Timberland Bancorp's dividend payout ratio (DPR) is currently 30.59%.

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.