Timberland Bancorp, Inc. (NASDAQ:TSBK – Get Free Report) declared a quarterly dividend on Thursday, October 29th. Stockholders of record on Thursday, November 12th will be paid a dividend of $0.31 per share by the savings and loans company on Friday, November 27th. This represents a $1.24 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Thursday, November 12th. This is a 3.3% increase from Timberland Bancorp’s previous quarterly dividend of $0.30.
Timberland Bancorp Stock Up 0.2%
NASDAQ TSBK opened at $48.06 on Tuesday. 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 company has a market cap of $373.91 million, a price-to-earnings ratio of 12.14 and a beta of 0.34. The company has a 50 day moving average of $46.07 and a 200-day moving average of $42.62. Timberland Bancorp has a 1-year low of $32.34 and a 1-year high of $49.38.
Timberland Bancorp (NASDAQ:TSBK – Get Free Report) last issued its quarterly earnings results on Thursday, October 29th. The savings and loans company reported $1.04 earnings per share (EPS) for the quarter. The business had revenue of $22.78 million for the quarter. Timberland Bancorp had a return on equity of 11.51% and a net margin of 26.18%.
Insider Buying and Selling
In other Timberland Bancorp news, COO Jonathan Fischer sold 2,000 shares of the company’s stock in a transaction on Thursday, November 5th. The stock was sold at an average price of $47.76, for a total transaction of $95,520.00. Following the completion of the sale, the chief operating officer directly owned 8,095 shares in the company, valued at $386,617.20. This represents a 19.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.60% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On Timberland Bancorp
A number of institutional investors have recently modified their holdings of TSBK. Legal & General Group Plc acquired a new stake in Timberland Bancorp in the second quarter valued at about $31,000. Squarepoint Ops LLC bought a new position in shares of Timberland Bancorp in the second quarter worth about $227,000. Sequoia Financial Advisors LLC bought a new position in shares of Timberland Bancorp in the second quarter worth about $238,000. Deutsche Bank AG acquired a new stake in shares of Timberland Bancorp in the 2nd quarter valued at approximately $328,000. Finally, Russell Investments Group Ltd. boosted its stake in shares of Timberland Bancorp by 50.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 8,631 shares of the savings and loans company’s stock valued at $385,000 after purchasing an additional 2,877 shares in the last quarter. Institutional investors and hedge funds own 65.49% of the company’s stock.
About Timberland Bancorp
Timberland Bancorp, Inc is the holding company for Timberland Bank, a community banking institution headquartered in Hoquiam, Washington. The bank serves individuals, families, businesses and public-sector organizations in communities across western Washington.
Timberland Bank offers deposit products, including checking, savings, money market and certificate accounts, along with consumer and commercial lending. Its loan portfolio includes residential real estate, commercial real estate, construction and land development, agricultural, small-business and consumer loans.
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