Davis Asset Management L.P. Takes Position in Timberland Bancorp, Inc. $TSBK

Davis Asset Management L.P. acquired a new stake in Timberland Bancorp, Inc. (NASDAQ:TSBK) in the 2nd quarter, Holdings Channel reports. The fund acquired 174,476 shares of the savings and loans company’s stock, valued at approximately $7,818,000.

A number of other institutional investors also recently bought and sold shares of TSBK. De Lisle Partners LLP purchased a new stake in Timberland Bancorp during the 2nd quarter worth approximately $2,922,000. Westport Asset Management Inc. purchased a new position in shares of Timberland Bancorp in the second quarter worth $3,626,000. BlackRock Inc. purchased a new position in shares of Timberland Bancorp in the second quarter worth $30,927,000. Deutsche Bank AG purchased a new position in shares of Timberland Bancorp in the second quarter worth $328,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Timberland Bancorp during the second quarter worth $1,151,000. 65.49% of the stock is currently owned by institutional investors and hedge funds.

Timberland Bancorp Stock Up 0.5%

Shares of TSBK stock opened at $46.55 on Friday. Timberland Bancorp, Inc. has a fifty-two week low of $30.93 and a fifty-two week high of $49.38. The firm has a market capitalization of $362.16 million, a PE ratio of 11.67 and a beta of 0.31. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.00 and a current ratio of 1.00. The stock’s 50-day simple moving average is $44.40 and its 200-day simple moving average is $41.50.

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

Timberland Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 24th. Shareholders of record on Monday, August 10th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Monday, August 10th. This represents a $1.20 dividend on an annualized basis and a yield of 2.6%. This is a boost from Timberland Bancorp’s previous quarterly dividend of $0.29. Timberland Bancorp’s payout ratio is 30.08%.

Insider Transactions at Timberland Bancorp

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

Analyst Upgrades and Downgrades

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

Timberland Bancorp Company Profile

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.