Kennedy Capital Management LLC Acquires 14,875 Shares of Timberland Bancorp, Inc. (NASDAQ:TSBK)

Kennedy Capital Management LLC increased its holdings in shares of Timberland Bancorp, Inc. (NASDAQ:TSBK - Free Report) by 35.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 57,124 shares of the savings and loans company's stock after purchasing an additional 14,875 shares during the quarter. Kennedy Capital Management LLC owned 0.72% of Timberland Bancorp worth $1,743,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Geode Capital Management LLC lifted its stake in Timberland Bancorp by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 168,813 shares of the savings and loans company's stock valued at $5,151,000 after acquiring an additional 435 shares during the period. Empowered Funds LLC raised its holdings in shares of Timberland Bancorp by 1.9% during the fourth quarter. Empowered Funds LLC now owns 51,572 shares of the savings and loans company's stock valued at $1,573,000 after purchasing an additional 950 shares during the last quarter. Wells Fargo & Company MN lifted its position in Timberland Bancorp by 16.1% during the fourth quarter. Wells Fargo & Company MN now owns 6,959 shares of the savings and loans company's stock valued at $212,000 after purchasing an additional 964 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Timberland Bancorp by 4.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 22,434 shares of the savings and loans company's stock worth $679,000 after purchasing an additional 1,040 shares during the last quarter. Finally, State Street Corp grew its position in Timberland Bancorp by 1.4% in the 3rd quarter. State Street Corp now owns 110,005 shares of the savings and loans company's stock worth $3,329,000 after purchasing an additional 1,489 shares during the period. 65.49% of the stock is owned by hedge funds and other institutional investors.

Timberland Bancorp Stock Performance

Shares of NASDAQ TSBK traded up $0.47 during midday trading on Friday, hitting $29.56. 11,252 shares of the company's stock traded hands, compared to its average volume of 12,967. The firm has a fifty day moving average of $30.05 and a 200 day moving average of $30.59. Timberland Bancorp, Inc. has a 1 year low of $24.26 and a 1 year high of $33.98. 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 stock has a market capitalization of $235.18 million, a price-to-earnings ratio of 9.57 and a beta of 0.46.

Timberland Bancorp (NASDAQ:TSBK - Get Free Report) last announced its earnings results on Monday, January 27th. The savings and loans company reported $0.86 EPS for the quarter. Timberland Bancorp had a net margin of 22.88% and a return on equity of 10.20%.

Timberland Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.00 dividend on an annualized basis and a yield of 3.38%. Timberland Bancorp's dividend payout ratio is currently 32.36%.

Analyst Upgrades and Downgrades

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

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.