The Manufacturers Life Insurance Company Makes New $12.75 Million Investment in Timberland Bancorp, Inc. $TSBK

The Manufacturers Life Insurance Company acquired a new stake in Timberland Bancorp, Inc. (NASDAQ:TSBKFree Report) in the 2nd quarter, Holdings Channel reports. The institutional investor acquired 284,556 shares of the savings and loans company’s stock, valued at approximately $12,751,000.

A number of other institutional investors have also recently made changes to their positions in TSBK. Empowered Funds LLC grew its holdings in shares of Timberland Bancorp by 3.7% in the first quarter. Empowered Funds LLC now owns 53,481 shares of the savings and loans company’s stock worth $1,612,000 after purchasing an additional 1,909 shares during the last quarter. Jane Street Group LLC bought a new stake in Timberland Bancorp during the 1st quarter valued at $235,000. Strs Ohio purchased a new stake in Timberland Bancorp during the 1st quarter valued at $33,000. Geode Capital Management LLC boosted its position in Timberland Bancorp by 0.9% during the 2nd quarter. Geode Capital Management LLC now owns 175,399 shares of the savings and loans company’s stock valued at $5,473,000 after buying an additional 1,484 shares during the period. Finally, Rhumbline Advisers grew its holdings in Timberland Bancorp by 4.4% in the 2nd quarter. Rhumbline Advisers now owns 7,420 shares of the savings and loans company’s stock worth $232,000 after acquiring an additional 315 shares during the last quarter. Hedge funds and other institutional investors own 65.49% of the company’s stock.

Timberland Bancorp Stock Up 0.3%

Shares of NASDAQ TSBK opened at $46.40 on Friday. The firm has a fifty day simple moving average of $44.79 and a two-hundred day simple moving average of $41.74. Timberland Bancorp, Inc. has a 12 month low of $30.93 and a 12 month high of $49.38. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $360.99 million, a PE ratio of 11.63 and a beta of 0.31.

Timberland Bancorp (NASDAQ:TSBKGet Free Report) last announced its earnings results on Wednesday, July 29th. The savings and loans company reported $0.98 earnings per share for the quarter. Timberland Bancorp had a net margin of 26.46% and a return on equity of 11.72%. The firm had revenue of $21.10 million for the quarter.

Timberland Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 24th. Shareholders of record on Monday, August 10th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend was Monday, August 10th. This is a positive change from Timberland Bancorp’s previous quarterly dividend of $0.29. Timberland Bancorp’s payout ratio is presently 30.08%.

Insiders Place Their Bets

In other Timberland Bancorp news, Director David Alan Smith sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of $43.90, for a total transaction of $43,900.00. Following the transaction, the director owned 18,468 shares in the company, valued at approximately $810,745.20. This represents a 5.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.60% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut shares of Timberland Bancorp from a “buy (b+)” rating to a “buy (b)” rating in a research report on Monday, August 17th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy”.

Get Our Latest Stock Report on Timberland Bancorp

Timberland Bancorp Profile

(Free Report)

Timberland Bancorp, Inc is the bank holding company for Timberland Bank, a Washington-chartered commercial bank serving individuals and businesses in southwestern Washington. The company conducts its operations through Timberland Bank, offering a range of community banking services tailored to local market needs. As a publicly traded company on the NASDAQ under the symbol TSBK, Timberland Bancorp focuses on delivering personalized financial solutions while maintaining a community-oriented approach.

Timberland Bank’s core products include deposit accounts such as checking, savings and money market accounts, certificates of deposit and retirement accounts.

Further Reading

Want to see what other hedge funds are holding TSBK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Timberland Bancorp, Inc. (NASDAQ:TSBKFree Report).

Institutional Ownership by Quarter for Timberland Bancorp (NASDAQ:TSBK)

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