Timberland Bancorp, Inc. (NASDAQ:TSBK) Shares Purchased by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC grew its stake in Timberland Bancorp, Inc. (NASDAQ:TSBK) by 158.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,053 shares of the savings and loans company’s stock after buying an additional 645 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Timberland Bancorp were worth $32,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its position in Timberland Bancorp by 1.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 574,477 shares of the savings and loans company’s stock worth $17,527,000 after acquiring an additional 6,311 shares during the period. Barclays PLC increased its position in shares of Timberland Bancorp by 7.7% during the 4th quarter. Barclays PLC now owns 21,159 shares of the savings and loans company’s stock worth $645,000 after purchasing an additional 1,516 shares during the last quarter. Kennedy Capital Management LLC increased its holdings in Timberland Bancorp by 35.2% in the 4th quarter. Kennedy Capital Management LLC now owns 57,124 shares of the savings and loans company’s stock valued at $1,743,000 after purchasing an additional 14,875 shares during the last quarter. Wells Fargo & Company MN grew its position in Timberland Bancorp by 16.1% in the 4th quarter. Wells Fargo & Company MN now owns 6,959 shares of the savings and loans company’s stock valued at $212,000 after acquiring an additional 964 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Timberland Bancorp by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 168,813 shares of the savings and loans company’s stock valued at $5,151,000 after purchasing an additional 435 shares in the last quarter. 65.49% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Timberland Bancorp from a “hold” rating to a “buy” rating in a research note on Tuesday.

Timberland Bancorp Price Performance

TSBK stock opened at $32.23 on Friday. Timberland Bancorp, Inc. has a twelve month low of $24.26 and a twelve month high of $33.98. The company has a market capitalization of $256.42 million, a P/E ratio of 10.43 and a beta of 0.46. The business has a 50 day simple moving average of $30.10 and a 200-day simple moving average of $30.72. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.08.

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

Timberland Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Friday, May 9th will be given a dividend of $0.26 per share. This is an increase from Timberland Bancorp’s previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a dividend yield of 3.23%. The ex-dividend date of this dividend is Friday, May 9th. Timberland Bancorp’s payout ratio is currently 32.10%.

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.