The Manufacturers Life Insurance Company Purchases Shares of 284,556 Timberland Bancorp, Inc. $TSBK

Key Points

• The Manufacturers Life Insurance Company acquired 284,556 shares of Timberland Bancorp in the second quarter, valued at approximately $12.75 million and representing a 3.66% stake. Institutional investors collectively own 65.49% of the company.
• Timberland Bancorp reported quarterly earnings of $0.98 per share on $21.10 million in revenue, with a 26.46% net margin and 11.72% return on equity.
• The company increased its quarterly dividend to $0.30 per share, or $1.20 annually, yielding about 2.6%. The stock carries a consensus “Buy” rating, although Weiss Ratings recently downgraded it from “buy (b+)” to “buy (b).”

The Manufacturers Life Insurance Company purchased a new stake in shares of Timberland Bancorp, Inc. (NASDAQ:TSBK - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 284,556 shares of the savings and loans company's stock, valued at approximately $12,751,000. The Manufacturers Life Insurance Company owned about 3.66% of Timberland Bancorp at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. BlackRock Inc. purchased a new stake in Timberland Bancorp in the second quarter valued at approximately $30,927,000. Geode Capital Management LLC grew its stake in Timberland Bancorp by 0.9% in the 2nd quarter. Geode Capital Management LLC now owns 175,399 shares of the savings and loans company's stock worth $5,473,000 after buying an additional 1,484 shares in the last quarter. Davis Asset Management L.P. purchased a new position in Timberland Bancorp in the 2nd quarter worth approximately $7,818,000. Bridgeway Capital Management LLC increased its holdings in shares of Timberland Bancorp by 0.9% in the 3rd quarter. Bridgeway Capital Management LLC now owns 131,638 shares of the savings and loans company's stock worth $4,381,000 after buying an additional 1,126 shares during the last quarter. Finally, State Street Corp increased its holdings in shares of Timberland Bancorp by 1.9% in the 4th quarter. State Street Corp now owns 126,758 shares of the savings and loans company's stock worth $4,538,000 after buying an additional 2,322 shares during the last quarter. Hedge funds and other institutional investors own 65.49% of the company's stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded shares of Timberland Bancorp from a "buy (b+)" rating to a "buy (b)" rating in a report on Monday, August 17th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy".

Timberland Bancorp Stock Performance

NASDAQ:TSBK opened at $46.40 on Friday. The company has a market capitalization of $360.99 million, a price-to-earnings ratio of 11.63 and a beta of 0.31. The business has a 50 day moving average of $44.79 and a 200 day moving average of $41.74. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.00 and a quick ratio of 1.00. Timberland Bancorp, Inc. has a 1-year low of $30.93 and a 1-year high of $49.38.

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

Timberland Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 24th. Investors of record on Monday, August 10th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date was Monday, August 10th. This is a boost from Timberland Bancorp's previous quarterly dividend of $0.29. Timberland Bancorp's dividend payout ratio is 30.08%.

Insider Buying and Selling

In other Timberland Bancorp news, Director David Alan Smith sold 1,000 shares of the business's stock in a transaction 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 completion of the sale, the director directly owned 18,468 shares of the company's stock, valued at $810,745.20. The trade was a 5.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 3.60% of the stock is currently owned by insiders.

About Timberland Bancorp

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.

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