Timberland Bancorp, Inc. (NASDAQ:TSBK) EVP Edward Colman Foster sold 1,900 shares of the business’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $25.64, for a total transaction of $48,716.00. Following the completion of the sale, the executive vice president now owns 2,705 shares of the company’s stock, valued at $69,356.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of TSBK traded up $1.09 during trading hours on Friday, hitting $27.99. The stock had a trading volume of 6,248 shares, compared to its average volume of 12,521. Timberland Bancorp, Inc. has a 52 week low of $21.91 and a 52 week high of $39.45. The firm has a market cap of $224.29 million, a price-to-earnings ratio of 10.76 and a beta of 1.24.
Timberland Bancorp (NASDAQ:TSBK) last issued its quarterly earnings data on Tuesday, April 30th. The savings and loans company reported $0.66 EPS for the quarter. Timberland Bancorp had a net margin of 33.07% and a return on equity of 14.20%. The firm had revenue of $16.67 million for the quarter.
The company also recently declared a quarterly dividend, which was paid on Wednesday, May 29th. Investors of record on Wednesday, May 15th were given a $0.15 dividend. The ex-dividend date was Tuesday, May 14th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.14%.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Ladenburg Thalmann Financial Services Inc. grew its stake in shares of Timberland Bancorp by 48.2% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,556 shares of the savings and loans company’s stock worth $44,000 after acquiring an additional 506 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Timberland Bancorp by 2.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 24,686 shares of the savings and loans company’s stock valued at $691,000 after purchasing an additional 671 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in Timberland Bancorp by 1.2% during the 1st quarter. Renaissance Technologies LLC now owns 405,066 shares of the savings and loans company’s stock valued at $11,334,000 after purchasing an additional 4,766 shares during the last quarter. Davis Capital Partners LLC acquired a new stake in Timberland Bancorp during the 1st quarter valued at $1,399,000. Finally, Northern Trust Corp lifted its holdings in shares of Timberland Bancorp by 3.3% during the first quarter. Northern Trust Corp now owns 82,680 shares of the savings and loans company’s stock worth $2,314,000 after buying an additional 2,657 shares in the last quarter. 54.21% of the stock is owned by institutional investors and hedge funds.
Separately, BidaskClub upgraded shares of Timberland Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, March 1st.
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About Timberland Bancorp
Timberland Bancorp, Inc operates as the bank holding company for Timberland Bank that provides various banking services in Washington. It offers various deposit products, including money market deposit accounts, checking accounts, regular savings accounts, and certificates of deposit. The company also provides one-to four-family residential, multi-family, commercial real estate, construction, custom and owner/builder construction, speculative one- to four-family construction, commercial construction, multi-family construction, land development construction, and land loans.
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