JPMorgan Chase & Co. Purchases 13,072 Shares of Timberland Bancorp, Inc. (NASDAQ:TSBK)

JPMorgan Chase & Co. boosted its holdings in shares of Timberland Bancorp, Inc. (NASDAQ:TSBK - Free Report) by 91.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 27,366 shares of the savings and loans company's stock after buying an additional 13,072 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.34% of Timberland Bancorp worth $835,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. increased its position in Timberland Bancorp by 55.2% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 12,897 shares of the savings and loans company's stock worth $393,000 after buying an additional 4,586 shares in the last quarter. Empowered Funds LLC increased its holdings in Timberland Bancorp by 1.9% in the 4th quarter. Empowered Funds LLC now owns 51,572 shares of the savings and loans company's stock worth $1,573,000 after acquiring an additional 950 shares in the last quarter. SG Americas Securities LLC purchased a new position in Timberland Bancorp during the fourth quarter valued at approximately $101,000. Barclays PLC lifted its holdings in Timberland Bancorp by 52.1% during the third quarter. Barclays PLC now owns 19,643 shares of the savings and loans company's stock valued at $595,000 after purchasing an additional 6,725 shares in the last quarter. Finally, State Street Corp lifted its holdings in Timberland Bancorp by 1.4% during the third quarter. State Street Corp now owns 110,005 shares of the savings and loans company's stock valued at $3,329,000 after purchasing an additional 1,489 shares in the last quarter. 65.49% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Timberland Bancorp from a "buy" rating to a "hold" rating in a research note on Friday, February 21st.

Timberland Bancorp Price Performance

Shares of Timberland Bancorp stock traded up $0.70 during trading hours on Friday, hitting $31.19. The company's stock had a trading volume of 6,217 shares, compared to its average volume of 13,149. The company has a market cap of $248.15 million, a PE ratio of 10.09 and a beta of 0.46. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.98 and a current ratio of 0.98. The business has a 50 day moving average price of $30.01 and a two-hundred day moving average price of $30.64. Timberland Bancorp, Inc. has a 12-month low of $24.26 and a 12-month high of $33.98.

Timberland Bancorp (NASDAQ:TSBK - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The savings and loans company reported $0.85 EPS for the quarter. Timberland Bancorp had a return on equity of 10.20% and a net margin of 22.88%. The company had revenue of $19.90 million for the quarter.

Timberland Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Friday, May 9th will be given a dividend of $0.26 per share. This is a positive change from Timberland Bancorp's previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Friday, May 9th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.33%. Timberland Bancorp's dividend payout ratio is currently 32.10%.

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.