Kiley Juergens Wealth Management LLC Cuts Holdings in Timberland Bancorp, Inc. (NASDAQ:TSBK)

Kiley Juergens Wealth Management LLC decreased its position in shares of Timberland Bancorp, Inc. (NASDAQ:TSBK) by 0.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 120,798 shares of the savings and loans company’s stock after selling 438 shares during the period. Timberland Bancorp makes up approximately 1.0% of Kiley Juergens Wealth Management LLC’s investment portfolio, making the stock its 25th biggest position. Kiley Juergens Wealth Management LLC owned 1.52% of Timberland Bancorp worth $3,642,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in TSBK. Tower Research Capital LLC TRC grew its position in shares of Timberland Bancorp by 158.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,053 shares of the savings and loans company’s stock valued at $32,000 after purchasing an additional 645 shares in the last quarter. Deutsche Bank AG purchased a new position in Timberland Bancorp in the fourth quarter worth about $76,000. GAMMA Investing LLC grew its position in Timberland Bancorp by 22,400.0% in the first quarter. GAMMA Investing LLC now owns 2,925 shares of the savings and loans company’s stock worth $97,000 after acquiring an additional 2,912 shares in the last quarter. Wells Fargo & Company MN grew its position in Timberland Bancorp by 16.1% in the fourth quarter. Wells Fargo & Company MN now owns 6,959 shares of the savings and loans company’s stock worth $212,000 after acquiring an additional 964 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in Timberland Bancorp by 55.2% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 12,897 shares of the savings and loans company’s stock worth $393,000 after acquiring an additional 4,586 shares in the last quarter. Hedge funds and other institutional investors own 65.49% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered Timberland Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, May 21st.

Timberland Bancorp Trading Down 1.6%

TSBK opened at $30.05 on Wednesday. The firm has a market cap of $237.40 million, a P/E ratio of 9.27 and a beta of 0.47. Timberland Bancorp, Inc. has a 12 month low of $24.81 and a 12 month high of $33.98. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.08. The stock has a 50-day moving average of $30.46 and a 200 day moving average of $30.49.

Timberland Bancorp (NASDAQ:TSBK) last released 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 10.48% and a net margin of 23.45%. The company had revenue of $19.90 million during the quarter.

Timberland Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were paid a dividend of $0.26 per share. This is a positive change from Timberland Bancorp’s previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.46%. The ex-dividend date was Friday, May 9th. Timberland Bancorp’s dividend payout ratio (DPR) is currently 32.10%.

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.