Timberland Bancorp, Inc. (TSBK) Position Raised by Royce & Associates LP
Royce & Associates LP increased its holdings in shares of Timberland Bancorp, Inc. (NASDAQ:TSBK) by 16.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 690,258 shares of the savings and loans company’s stock after purchasing an additional 96,069 shares during the quarter. Royce & Associates LP owned approximately 0.09% of Timberland Bancorp worth $25,774,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of the stock. Wells Fargo & Company MN lifted its stake in Timberland Bancorp by 2.2% during the first quarter. Wells Fargo & Company MN now owns 72,261 shares of the savings and loans company’s stock worth $2,197,000 after purchasing an additional 1,585 shares during the last quarter. Strs Ohio lifted its stake in Timberland Bancorp by 9.6% during the second quarter. Strs Ohio now owns 18,300 shares of the savings and loans company’s stock worth $683,000 after purchasing an additional 1,600 shares during the last quarter. First Trust Advisors LP lifted its stake in Timberland Bancorp by 19.9% during the second quarter. First Trust Advisors LP now owns 17,403 shares of the savings and loans company’s stock worth $650,000 after purchasing an additional 2,893 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Timberland Bancorp by 0.8% during the first quarter. Dimensional Fund Advisors LP now owns 606,575 shares of the savings and loans company’s stock worth $18,440,000 after purchasing an additional 4,625 shares during the last quarter. Finally, Bank of Montreal Can purchased a new stake in Timberland Bancorp during the second quarter worth approximately $175,000. Hedge funds and other institutional investors own 62.65% of the company’s stock.
TSBK stock opened at $36.16 on Friday. The company has a market cap of $265.51 million, a P/E ratio of 16.93 and a beta of 0.17. Timberland Bancorp, Inc. has a fifty-two week low of $25.50 and a fifty-two week high of $39.45.
The firm also recently announced a quarterly dividend, which was paid on Friday, August 24th. Investors of record on Friday, August 10th were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.44%. The ex-dividend date of this dividend was Thursday, August 9th.
Several research firms recently weighed in on TSBK. BidaskClub cut Timberland Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, August 7th. ValuEngine upgraded Timberland Bancorp from a “hold” rating to a “buy” rating in a research note on Wednesday, May 2nd.
Timberland Bancorp Company Profile
Timberland Bancorp, Inc operates as the bank holding company for Timberland Bank that provides various banking services in Washington. It offers various deposit products, including money market deposit accounts, checking accounts, regular savings accounts, and certificates of deposit. The company also provides one-to four-family residential, multi-family, commercial real estate, construction, custom and owner/builder construction, speculative one- to four-family construction, commercial construction, multi-family construction, land development construction, and land loans.
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