Timberland Bancorp, Inc. (NASDAQ:TSBK) to Issue Quarterly Dividend of $0.22

Timberland Bancorp, Inc. (NASDAQ:TSBKGet Rating) announced a quarterly dividend on Tuesday, April 26th, Zacks reports. Stockholders of record on Friday, May 13th will be paid a dividend of 0.22 per share by the savings and loans company on Friday, May 27th. This represents a $0.88 annualized dividend and a dividend yield of 3.37%. The ex-dividend date of this dividend is Thursday, May 12th.

Timberland Bancorp has raised its dividend by an average of 13.0% per year over the last three years and has increased its dividend annually for the last 10 consecutive years.

NASDAQ TSBK opened at $26.13 on Thursday. The stock has a 50-day simple moving average of $27.24 and a 200 day simple moving average of $27.84. Timberland Bancorp has a twelve month low of $25.64 and a twelve month high of $30.11. The stock has a market capitalization of $218.19 million, a PE ratio of 8.57 and a beta of 1.23. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.98 and a current ratio of 0.99.

Timberland Bancorp (NASDAQ:TSBKGet Rating) last issued its quarterly earnings results on Monday, January 24th. The savings and loans company reported $0.65 EPS for the quarter. Timberland Bancorp had a return on equity of 12.59% and a net margin of 36.62%. The company had revenue of $16.14 million for the quarter.

Separately, StockNews.com assumed coverage on shares of Timberland Bancorp in a research note on Wednesday. They issued a “buy” rating for the company.

In other news, COO Jonathan Arthur Fischer sold 2,500 shares of Timberland Bancorp stock in a transaction dated Tuesday, March 15th. The shares were sold at an average price of $28.01, for a total transaction of $70,025.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 5.40% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of TSBK. Two Sigma Advisers LP acquired a new position in shares of Timberland Bancorp in the 3rd quarter worth approximately $327,000. Susquehanna International Group LLP boosted its stake in Timberland Bancorp by 139.7% in the fourth quarter. Susquehanna International Group LLP now owns 24,834 shares of the savings and loans company’s stock worth $688,000 after purchasing an additional 14,473 shares in the last quarter. Millennium Management LLC grew its holdings in shares of Timberland Bancorp by 11.0% during the fourth quarter. Millennium Management LLC now owns 26,352 shares of the savings and loans company’s stock worth $730,000 after purchasing an additional 2,607 shares during the last quarter. BlackRock Inc. increased its stake in shares of Timberland Bancorp by 3.5% in the fourth quarter. BlackRock Inc. now owns 103,549 shares of the savings and loans company’s stock valued at $2,868,000 after buying an additional 3,497 shares in the last quarter. Finally, Alliancebernstein L.P. raised its holdings in shares of Timberland Bancorp by 15.3% in the fourth quarter. Alliancebernstein L.P. now owns 112,031 shares of the savings and loans company’s stock valued at $3,103,000 after buying an additional 14,855 shares during the last quarter. 61.83% of the stock is owned by institutional investors.

Timberland Bancorp Company Profile (Get Rating)

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, commercial real estate, construction, custom and owner/builder construction, speculative one- to four-family construction, commercial construction, multi-family construction, land development construction, and land development loans.

Further Reading

Dividend History for Timberland Bancorp (NASDAQ:TSBK)

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