Timberland Bancorp, Inc. (NASDAQ:TSBK) Plans Quarterly Dividend of $0.31

Timberland Bancorp, Inc. (NASDAQ:TSBK) announced a quarterly dividend on Thursday, October 29th. Shareholders of record on Thursday, November 12th will be given 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 yield of 2.6%. The ex-dividend date is Thursday, November 12th. This is a 3.3% increase from Timberland Bancorp’s previous quarterly dividend of $0.30.

Timberland Bancorp Stock Performance

NASDAQ TSBK opened at $48.06 on Tuesday. The firm has a market capitalization of $373.91 million, a P/E ratio of 12.16 and a beta of 0.34. 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’s fifty day moving average price is $46.07 and its two-hundred day moving average price is $42.62. Timberland Bancorp has a 1 year low of $32.34 and a 1 year high of $49.38.

Timberland Bancorp (NASDAQ:TSBK) last announced its quarterly earnings data on Thursday, October 29th. The savings and loans company reported $1.04 EPS for the quarter. The company had revenue of $22.78 million during the quarter. Timberland Bancorp had a net margin of 26.18% and a return on equity of 11.51%.

Insider Buying and Selling at Timberland Bancorp

In related news, COO Jonathan Fischer sold 2,000 shares of the business’s stock in a transaction that occurred 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 transaction, the chief operating officer directly owned 8,095 shares of the company’s stock, valued at approximately $386,617.20. The trade was a 19.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.60% of the company’s stock.

Institutional Investors Weigh In On Timberland Bancorp

A number of hedge funds and other institutional investors have recently modified their holdings of TSBK. Legal & General Group Plc bought a new stake in shares of Timberland Bancorp during the 2nd quarter valued at $31,000. Squarepoint Ops LLC bought a new stake in shares of Timberland Bancorp during the 2nd quarter worth approximately $227,000. Sequoia Financial Advisors LLC acquired a new stake in shares of Timberland Bancorp during the 2nd quarter worth approximately $238,000. Deutsche Bank AG acquired a new stake in shares of Timberland Bancorp during the 2nd quarter worth approximately $328,000. Finally, Russell Investments Group Ltd. boosted its position in shares of Timberland Bancorp by 50.0% during the 3rd quarter. Russell Investments Group Ltd. now owns 8,631 shares of the savings and loans company’s stock worth $385,000 after acquiring an additional 2,877 shares in the last quarter. Institutional investors and hedge funds own 65.49% of the company’s stock.

Timberland Bancorp Company Profile

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.