Royce & Associates LP Boosts Stock Position in Timberland Bancorp, Inc. (NASDAQ:TSBK)

Key Points

• Royce & Associates LP increased its stake in Timberland Bancorp by 19%, owning approximately 275,926 shares valued at around $8.32 million as of its latest SEC filing.
• Timberland Bancorp announced a quarterly dividend of $0.26 per share, translating to a 3.16% dividend yield, with the ex-dividend date set for August 8th.
• Wall Street Zen downgraded Timberland Bancorp from a "buy" to a "hold" rating, indicating a shift in analyst outlook for the stock.

Royce & Associates LP increased its stake in shares of Timberland Bancorp, Inc. (NASDAQ:TSBK - Free Report) by 19.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 275,926 shares of the savings and loans company's stock after purchasing an additional 44,086 shares during the quarter. Royce & Associates LP owned 3.47% of Timberland Bancorp worth $8,319,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of TSBK. Tower Research Capital LLC TRC grew its stake in 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 in the last quarter. Deutsche Bank AG acquired a new position in Timberland Bancorp during the 4th quarter worth $76,000. GAMMA Investing LLC grew its stake in Timberland Bancorp by 22,400.0% during 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 in the last quarter. Wells Fargo & Company MN grew its stake in Timberland Bancorp by 16.1% during the 4th quarter. Wells Fargo & Company MN now owns 6,959 shares of the savings and loans company's stock worth $212,000 after purchasing an additional 964 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in Timberland Bancorp by 14.3% during the 4th quarter. Bank of America Corp DE now owns 17,767 shares of the savings and loans company's stock worth $542,000 after purchasing an additional 2,220 shares in the last quarter. 65.49% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Andrea M. Clinton sold 3,800 shares of the business's stock in a transaction dated 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 sale, the director directly owned 8,210 shares of the company's stock, valued at approximately $270,765.80. The trade was a 31.64% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 3.70% of the company's stock.

Timberland Bancorp Stock Up 0.8%

Shares of NASDAQ:TSBK traded up $0.25 on Wednesday, hitting $32.40. 840 shares of the company's stock were exchanged, compared to its average volume of 11,781. The firm's 50-day moving average is $31.40 and its 200 day moving average is $30.62. The company has a market capitalization of $255.99 million, a PE ratio of 9.53 and a beta of 0.47. Timberland Bancorp, Inc. has a 1-year low of $26.09 and a 1-year high of $34.95. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.99 and a current ratio of 0.99.

Timberland Bancorp (NASDAQ:TSBK - Get Free Report) last released its quarterly earnings data 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 during the quarter. Timberland Bancorp had a return on equity of 10.87% and a net margin of 24.19%.

Timberland Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 22nd. Stockholders of record on Friday, August 8th will be given a dividend of $0.26 per share. The ex-dividend date is Friday, August 8th. This represents a $1.04 annualized dividend and a dividend yield of 3.21%. Timberland Bancorp's dividend payout ratio is currently 30.59%.

Wall Street Analysts Forecast Growth

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

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.