Timberland Bancorp, Inc. (NASDAQ:TSBK) Declares Quarterly Dividend of $0.23

Timberland Bancorp, Inc. (NASDAQ:TSBKGet Rating) announced a quarterly dividend on Monday, January 23rd, Zacks reports. Shareholders of record on Friday, February 10th will be paid a dividend of 0.23 per share by the savings and loans company on Friday, February 24th. This represents a $0.92 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date of this dividend is Thursday, February 9th.

Timberland Bancorp has increased its dividend payment by an average of 7.0% per year over the last three years and has increased its dividend annually for the last 11 consecutive years.

Timberland Bancorp Stock Performance

TSBK opened at $33.40 on Wednesday. The stock has a market cap of $275.22 million, a price-to-earnings ratio of 11.84 and a beta of 0.97. The stock’s 50 day moving average price is $33.82 and its 200-day moving average price is $29.84. Timberland Bancorp has a one year low of $24.05 and a one year high of $35.62.

Timberland Bancorp (NASDAQ:TSBKGet Rating) last issued its quarterly earnings data on Monday, January 23rd. The savings and loans company reported $0.90 EPS for the quarter. The firm had revenue of $20.45 million during the quarter. Timberland Bancorp had a return on equity of 11.91% and a net margin of 33.64%.

Insider Buying and Selling at Timberland Bancorp

In other news, Director Andrea M. Clinton sold 1,000 shares of the company’s stock in a transaction dated Tuesday, November 22nd. The shares were sold at an average price of $34.83, for a total value of $34,830.00. Following the completion of the sale, the director now directly owns 6,965 shares of the company’s stock, valued at $242,590.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Andrea M. Clinton sold 1,000 shares of the company’s stock in a transaction dated Tuesday, November 22nd. The shares were sold at an average price of $34.83, for a total value of $34,830.00. Following the completion of the sale, the director now directly owns 6,965 shares of the company’s stock, valued at $242,590.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Michael R. Sand sold 3,000 shares of the company’s stock in a transaction dated Friday, November 4th. The shares were sold at an average price of $32.00, for a total transaction of $96,000.00. Following the completion of the sale, the chief executive officer now directly owns 72,856 shares of the company’s stock, valued at $2,331,392. The disclosure for this sale can be found here. Insiders sold 14,171 shares of company stock worth $478,527 over the last 90 days. Corporate insiders own 5.60% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Royal Bank of Canada raised its holdings in Timberland Bancorp by 4.4% during the third quarter. Royal Bank of Canada now owns 7,150 shares of the savings and loans company’s stock worth $198,000 after purchasing an additional 300 shares in the last quarter. Bank of New York Mellon Corp grew its position in Timberland Bancorp by 1.4% during the third quarter. Bank of New York Mellon Corp now owns 34,499 shares of the savings and loans company’s stock worth $953,000 after buying an additional 482 shares during the period. State Street Corp grew its position in Timberland Bancorp by 9.3% during the first quarter. State Street Corp now owns 25,846 shares of the savings and loans company’s stock worth $698,000 after buying an additional 2,205 shares during the period. Acadian Asset Management LLC grew its position in Timberland Bancorp by 156.7% during the first quarter. Acadian Asset Management LLC now owns 4,797 shares of the savings and loans company’s stock worth $128,000 after buying an additional 2,928 shares during the period. Finally, Keeley Teton Advisors LLC grew its position in Timberland Bancorp by 21.4% during the first quarter. Keeley Teton Advisors LLC now owns 136,481 shares of the savings and loans company’s stock worth $3,686,000 after buying an additional 24,036 shares during the period. 56.43% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of Timberland Bancorp in a research note on Wednesday, October 12th. They issued a “buy” rating for the company.

About Timberland Bancorp

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Timberland Bancorp, Inc (Washington), is a holding company, which engages in the provision of community banking services. It offers mortgage loans, consumer loans, and commercial business loans. The company was founded on September 8, 1997 and is headquartered in Hoquiam, WA.

See Also

Dividend History for Timberland Bancorp (NASDAQ:TSBK)

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