SG Americas Securities LLC Invests $129,000 in Timberland Bancorp, Inc. (NASDAQ:TSBK)

SG Americas Securities LLC purchased a new position in shares of Timberland Bancorp, Inc. (NASDAQ:TSBK) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 4,107 shares of the savings and loans company’s stock, valued at approximately $129,000.

A number of other hedge funds have also made changes to their positions in the stock. Royal Bank of Canada boosted its holdings in Timberland Bancorp by 4.4% in the third quarter. Royal Bank of Canada now owns 7,150 shares of the savings and loans company’s stock worth $198,000 after purchasing an additional 300 shares during the period. UBS Group AG boosted its holdings in Timberland Bancorp by 54.6% in the fourth quarter. UBS Group AG now owns 985 shares of the savings and loans company’s stock worth $34,000 after purchasing an additional 348 shares during the period. Rhumbline Advisers boosted its holdings in Timberland Bancorp by 5.0% in the third quarter. Rhumbline Advisers now owns 8,253 shares of the savings and loans company’s stock worth $224,000 after purchasing an additional 393 shares during the period. Bank of New York Mellon Corp boosted its holdings in Timberland Bancorp by 1.4% in the third quarter. Bank of New York Mellon Corp now owns 34,499 shares of the savings and loans company’s stock worth $953,000 after purchasing an additional 482 shares during the period. Finally, American Century Companies Inc. boosted its holdings in Timberland Bancorp by 10.0% in the first quarter. American Century Companies Inc. now owns 9,765 shares of the savings and loans company’s stock worth $265,000 after purchasing an additional 889 shares during the period. Institutional investors and hedge funds own 65.49% of the company’s stock.

Timberland Bancorp Stock Performance

Timberland Bancorp stock opened at $24.39 on Thursday. Timberland Bancorp, Inc. has a 12 month low of $22.11 and a 12 month high of $32.20. The company has a market cap of $198.05 million, a PE ratio of 7.74 and a beta of 0.79. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.93 and a quick ratio of 0.93. The company has a fifty day moving average price of $26.24 and a two-hundred day moving average price of $28.19.

Timberland Bancorp (NASDAQ:TSBK) last announced its quarterly earnings results on Monday, January 22nd. The savings and loans company reported $0.77 earnings per share (EPS) for the quarter. Timberland Bancorp had a net margin of 27.40% and a return on equity of 11.17%. The company had revenue of $18.80 million during the quarter.

Timberland Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Friday, February 9th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 3.94%. The ex-dividend date was Thursday, February 8th. This is a boost from Timberland Bancorp’s previous quarterly dividend of $0.23. Timberland Bancorp’s payout ratio is 30.48%.

Wall Street Analysts Forecast Growth

Separately, TheStreet downgraded shares of Timberland Bancorp from a “b” rating to a “c+” rating in a report on Monday, March 18th.

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.