M3F Inc. Cuts Holdings in Timberland Bancorp, Inc. $TSBK

Key Points

• M3F Inc. reduced its stake in Timberland Bancorp, Inc. by 8.6% in Q1, now holding 170,473 shares worth approximately $5.14 million.
• The stock was downgraded from a "buy" to a "hold" rating by Wall Street Zen as of May 21st.
• Timberland Bancorp announced a quarterly dividend of $0.26 per share, resulting in an annualized yield of 3.1%.

M3F Inc. trimmed its position in Timberland Bancorp, Inc. (NASDAQ:TSBK - Free Report) by 8.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 170,473 shares of the savings and loans company's stock after selling 16,116 shares during the period. Timberland Bancorp makes up approximately 1.4% of M3F Inc.'s holdings, making the stock its 18th biggest holding. M3F Inc. owned 2.14% of Timberland Bancorp worth $5,140,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of TSBK. GAMMA Investing LLC raised its holdings in shares of Timberland Bancorp by 22,400.0% in the first quarter. GAMMA Investing LLC now owns 2,925 shares of the savings and loans company's stock worth $97,000 after buying an additional 2,912 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of 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 holdings 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 worth $2,185,000 after buying an additional 2,066 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Timberland Bancorp by 1.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 574,477 shares of the savings and loans company's stock worth $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 in the fourth quarter worth $76,000. 65.49% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Timberland Bancorp

In related news, Director David Alan Smith sold 836 shares of the firm's stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of $33.50, for a total transaction 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. This trade represents a 4.49% 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 Andrea M. Clinton sold 3,800 shares of the firm's 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 transaction, the director directly owned 8,210 shares of the company's stock, valued at approximately $270,765.80. This trade represents a 31.64% decrease in their position. The disclosure for this sale can be found here. Company insiders own 3.70% of the company's stock.

Timberland Bancorp Stock Performance

Shares of Timberland Bancorp stock traded down $0.47 during trading on Tuesday, hitting $32.99. 23,252 shares of the company's stock were exchanged, compared to its average volume of 12,265. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.99 and a current ratio of 0.99. The business has a 50-day simple moving average of $32.30 and a 200-day simple moving average of $31.03. Timberland Bancorp, Inc. has a 52-week low of $27.51 and a 52-week high of $34.95. The stock has a market capitalization of $260.58 million, a price-to-earnings ratio of 9.70 and a beta of 0.51.

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

Timberland Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Friday, August 8th were issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend was Friday, August 8th. Timberland Bancorp's dividend payout ratio (DPR) is 30.59%.

Analysts Set New Price Targets

Separately, Wall Street Zen cut shares of Timberland Bancorp from a "buy" rating to a "hold" rating in a 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.