Royce & Associates LP Raises Stock Holdings 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 holdings in shares of Timberland Bancorp, Inc. (NASDAQ:TSBK - Free Report) by 19.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. 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 approximately 3.47% of Timberland Bancorp worth $8,319,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in TSBK. GAMMA Investing LLC grew its holdings 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 valued at $97,000 after buying an additional 2,912 shares in the last quarter. Deutsche Bank AG purchased a new position in Timberland Bancorp during the 4th quarter valued at approximately $76,000. Bridgeway Capital Management LLC grew its holdings in Timberland Bancorp by 0.5% during the 4th quarter. Bridgeway Capital Management LLC now owns 142,706 shares of the savings and loans company's stock valued at $4,354,000 after buying an additional 705 shares in the last quarter. Bank of America Corp DE grew its holdings 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 valued at $542,000 after buying an additional 2,220 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in Timberland Bancorp by 3.0% during the 4th 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 in the last quarter. Hedge funds and other institutional investors own 65.49% of the company's stock.

Timberland Bancorp Trading Up 0.7%

Shares of Timberland Bancorp stock traded up $0.24 on Monday, reaching $33.16. The company had a trading volume of 8,368 shares, compared to its average volume of 11,788. The firm has a market cap of $261.96 million, a price-to-earnings ratio of 9.75 and a beta of 0.47. 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 firm's 50-day moving average price is $31.35 and its two-hundred day moving average price is $30.58. Timberland Bancorp, Inc. has a 1 year low of $26.09 and a 1 year high of $34.95.

Timberland Bancorp (NASDAQ:TSBK - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The savings and loans company reported $0.90 EPS for the quarter. The firm 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 Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 22nd. Investors of record on Friday, August 8th will be paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.14%. The ex-dividend date of this dividend is Friday, August 8th. 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 report on Wednesday, May 21st.

Insider Activity

In other Timberland Bancorp news, Director Andrea M. Clinton sold 3,800 shares of Timberland Bancorp stock in a transaction on 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 directly owned 8,210 shares of the company's stock, valued at $270,765.80. The trade was a 31.64% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate 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.