LSV Asset Management Sells 3,900 Shares of Timberland Bancorp, Inc. (NASDAQ:TSBK)

LSV Asset Management lessened its position in Timberland Bancorp, Inc. (NASDAQ:TSBK – Get Rating) by 21.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 14,639 shares of the savings and loans company’s stock after selling 3,900 shares during the period. LSV Asset Management owned 0.18% of Timberland Bancorp worth $500,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in TSBK. Acadian Asset Management LLC grew its holdings in Timberland Bancorp by 156.7% in the 1st quarter. Acadian Asset Management LLC now owns 4,797 shares of the savings and loans company’s stock worth $128,000 after acquiring an additional 2,928 shares during the last quarter. Royal Bank of Canada grew its holdings in Timberland Bancorp by 4.4% in the 3rd quarter. Royal Bank of Canada now owns 7,150 shares of the savings and loans company’s stock worth $198,000 after acquiring an additional 300 shares during the last quarter. Orion Portfolio Solutions LLC bought a new stake in Timberland Bancorp in the 3rd quarter worth $320,000. State Street Corp lifted its position in shares of Timberland Bancorp by 9.3% in the 1st quarter. State Street Corp now owns 25,846 shares of the savings and loans company’s stock worth $698,000 after purchasing an additional 2,205 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in shares of Timberland Bancorp by 2.2% in the 1st quarter. Bank of New York Mellon Corp now owns 33,297 shares of the savings and loans company’s stock worth $900,000 after purchasing an additional 705 shares during the period. Institutional investors own 56.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of Timberland Bancorp in a research report on Thursday, March 16th. They issued a “hold” rating for the company.

Timberland Bancorp Trading Up 0.3 %

NASDAQ:TSBK opened at $22.87 on Monday. The company has a 50-day moving average price of $26.99 and a 200-day moving average price of $31.31. Timberland Bancorp, Inc. has a 12 month low of $22.11 and a 12 month high of $35.62. The stock has a market cap of $187.60 million, a price-to-earnings ratio of 7.06 and a beta of 0.93.

Timberland Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 26th. Stockholders of record on Friday, May 12th will be given a $0.23 dividend. The ex-dividend date of this dividend is Thursday, May 11th. This represents a $0.92 annualized dividend and a dividend yield of 4.02%. Timberland Bancorp’s dividend payout ratio is 28.40%.

Timberland Bancorp Company Profile

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Timberland Bancorp, Inc (Washington), is a holding company, which engages in the provision of community banking services. It offers mortgage loans, consumer loans, and commercial business loans. The company was founded on September 8, 1997 and is headquartered in Hoquiam, WA.