Insider Selling: Timberland Bancorp, Inc. (NASDAQ:TSBK) Director Sells 1,000 Shares of Stock

Timberland Bancorp, Inc. (NASDAQ:TSBKGet Rating) Director Jon C. Parker sold 1,000 shares of Timberland Bancorp stock in a transaction that occurred on Monday, May 16th. The shares were sold at an average price of $25.38, for a total transaction of $25,380.00. Following the sale, the director now owns 38,952 shares of the company’s stock, valued at $988,601.76. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Shares of NASDAQ TSBK traded up $0.58 during trading on Tuesday, reaching $25.84. 1 shares of the company traded hands, compared to its average volume of 4,284. The stock has a market cap of $214.73 million, a P/E ratio of 8.96 and a beta of 1.16. The firm’s fifty day simple moving average is $26.78 and its 200 day simple moving average is $27.58. Timberland Bancorp, Inc. has a 12-month low of $25.26 and a 12-month high of $30.00.

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 27th. Investors of record on Friday, May 13th will be issued a $0.22 dividend. The ex-dividend date is Thursday, May 12th. This represents a $0.88 dividend on an annualized basis and a yield of 3.41%. Timberland Bancorp’s payout ratio is 31.21%.

Separately, StockNews.com began coverage on shares of Timberland Bancorp in a report on Friday. They set a “buy” rating for the company.

A number of institutional investors and hedge funds have recently modified their holdings of TSBK. Acadian Asset Management LLC increased its position in shares of Timberland Bancorp by 156.7% in the first quarter. Acadian Asset Management LLC now owns 4,797 shares of the savings and loans company’s stock valued at $128,000 after buying an additional 2,928 shares in the last quarter. CWM LLC acquired a new stake in Timberland Bancorp in the 4th quarter valued at $154,000. Two Sigma Advisers LP purchased a new stake in Timberland Bancorp in the 3rd quarter worth $327,000. Russell Investments Group Ltd. raised its position in Timberland Bancorp by 6.5% during the third quarter. Russell Investments Group Ltd. now owns 21,462 shares of the savings and loans company’s stock worth $620,000 after acquiring an additional 1,313 shares during the period. Finally, Susquehanna International Group LLP increased its stake in shares of Timberland Bancorp by 139.7% during 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. 62.86% of the stock is currently 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.

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