Connor Clark & Lunn Investment Management Ltd. Buys 1,529 Shares of Timberland Bancorp, Inc. $TSBK

Connor Clark & Lunn Investment Management Ltd. raised its stake in Timberland Bancorp, Inc. (NASDAQ:TSBK) by 11.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,230 shares of the savings and loans company’s stock after acquiring an additional 1,529 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.19% of Timberland Bancorp worth $475,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Strs Ohio bought a new stake in shares of Timberland Bancorp in the 1st quarter worth approximately $33,000. Deutsche Bank AG grew its holdings in Timberland Bancorp by 57.4% during the first quarter. Deutsche Bank AG now owns 3,901 shares of the savings and loans company’s stock valued at $118,000 after purchasing an additional 1,423 shares during the period. Jane Street Group LLC purchased a new stake in Timberland Bancorp in the first quarter worth $235,000. Nuveen LLC bought a new stake in shares of Timberland Bancorp in the first quarter valued at $381,000. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Timberland Bancorp by 4.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 22,379 shares of the savings and loans company’s stock valued at $675,000 after buying an additional 972 shares during the last quarter. 65.49% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of Timberland Bancorp in a report on Wednesday. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy”.

Timberland Bancorp Trading Up 1.6%

Shares of TSBK stock opened at $33.28 on Friday. The company’s fifty day simple moving average is $33.03 and its two-hundred day simple moving average is $32.30. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.99 and a quick ratio of 0.99. Timberland Bancorp, Inc. has a 1 year low of $27.51 and a 1 year high of $38.08. The stock has a market capitalization of $262.81 million, a price-to-earnings ratio of 9.79 and a beta of 0.53.

Timberland Bancorp (NASDAQ:TSBK) last posted its quarterly earnings results on Thursday, October 30th. The savings and loans company reported $1.07 EPS for the quarter. The firm had revenue of $22.49 million during the quarter. Timberland Bancorp had a return on equity of 10.79% and a net margin of 24.19%.

Timberland Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 28th. Shareholders of record on Friday, November 14th will be paid a $0.28 dividend. The ex-dividend date is Friday, November 14th. This represents a $1.12 annualized dividend and a yield of 3.4%. This is an increase from Timberland Bancorp’s previous quarterly dividend of $0.26. Timberland Bancorp’s dividend payout ratio is 30.43%.

Timberland Bancorp Profile

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.