Geode Capital Management LLC Has $5.15 Million Position in Timberland Bancorp, Inc. (NASDAQ:TSBK)

Geode Capital Management LLC grew its position in shares of Timberland Bancorp, Inc. (NASDAQ:TSBK) by 0.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 168,813 shares of the savings and loans company’s stock after purchasing an additional 435 shares during the quarter. Geode Capital Management LLC owned approximately 2.12% of Timberland Bancorp worth $5,151,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. State Street Corp raised its holdings 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 valued at $3,329,000 after buying an additional 1,489 shares during the last quarter. Empowered Funds LLC raised its stake 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 acquiring an additional 950 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Timberland Bancorp by 91.5% during the fourth quarter. JPMorgan Chase & Co. now owns 27,366 shares of the savings and loans company’s stock valued at $835,000 after acquiring an additional 13,072 shares during the last quarter. Barclays PLC lifted its holdings in shares of Timberland Bancorp by 52.1% during the third quarter. Barclays PLC now owns 19,643 shares of the savings and loans company’s stock worth $595,000 after purchasing an additional 6,725 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Timberland Bancorp by 55.2% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 12,897 shares of the savings and loans company’s stock worth $393,000 after purchasing an additional 4,586 shares during the last quarter. 65.49% of the stock is owned by institutional investors and hedge funds.

Timberland Bancorp Price Performance

Shares of TSBK opened at $29.40 on Friday. The business has a 50-day moving average of $29.98 and a 200-day moving average of $30.62. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.98 and a quick ratio of 0.98. The company has a market capitalization of $233.91 million, a price-to-earnings ratio of 9.51 and a beta of 0.46. Timberland Bancorp, Inc. has a 1 year low of $24.26 and a 1 year high of $33.98.

Timberland Bancorp (NASDAQ:TSBK) last released its quarterly earnings results on Tuesday, April 22nd. The savings and loans company reported $0.85 earnings per share (EPS) for the quarter. Timberland Bancorp had a net margin of 22.88% and a return on equity of 10.20%. The firm had revenue of $19.90 million during the quarter.

Timberland Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Friday, May 9th will be issued a $0.26 dividend. This is a positive change from Timberland Bancorp’s previous quarterly dividend of $0.25. The ex-dividend date is Friday, May 9th. This represents a $1.04 annualized dividend and a yield of 3.54%. Timberland Bancorp’s payout ratio is presently 32.10%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Timberland Bancorp from a “buy” rating to a “hold” rating in a research report 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.