Timberland Bancorp, Inc. $TSBK Stake Reduced by Royce & Associates LP

Royce & Associates LP reduced its stake in shares of Timberland Bancorp, Inc. (NASDAQ:TSBK) by 8.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 263,115 shares of the savings and loans company’s stock after selling 25,799 shares during the quarter. Royce & Associates LP owned about 3.34% of Timberland Bancorp worth $9,420,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its stake in Timberland Bancorp by 21.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 7,090 shares of the savings and loans company’s stock worth $236,000 after buying an additional 1,232 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in Timberland Bancorp by 610.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,024 shares of the savings and loans company’s stock worth $63,000 after buying an additional 1,739 shares during the last quarter. Jane Street Group LLC grew its stake in Timberland Bancorp by 5.7% during the 2nd quarter. Jane Street Group LLC now owns 8,231 shares of the savings and loans company’s stock worth $257,000 after buying an additional 446 shares during the last quarter. Raymond James Financial Inc. bought a new position in Timberland Bancorp during the 2nd quarter worth $62,000. Finally, Rhumbline Advisers grew its stake in Timberland Bancorp by 4.4% during the 2nd quarter. Rhumbline Advisers now owns 7,420 shares of the savings and loans company’s stock worth $232,000 after buying an additional 315 shares during the last quarter. 65.49% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on TSBK. Wall Street Zen downgraded Timberland Bancorp from a “buy” rating to a “hold” rating in a research note on Saturday, February 14th. Weiss Ratings restated a “buy (b)” rating on shares of Timberland Bancorp in a research note on Friday, March 27th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy”.

Timberland Bancorp Trading Down 0.1%

NASDAQ:TSBK opened at $40.96 on Friday. Timberland Bancorp, Inc. has a 1 year low of $29.30 and a 1 year high of $43.55. The stock has a market cap of $320.72 million, a price-to-earnings ratio of 10.48 and a beta of 0.32. The business has a fifty day moving average of $40.36 and a 200-day moving average of $37.98. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.01 and a current ratio of 1.01.

Timberland Bancorp (NASDAQ:TSBK) last released its quarterly earnings results on Thursday, April 30th. The savings and loans company reported $0.90 earnings per share (EPS) for the quarter. Timberland Bancorp had a return on equity of 11.67% and a net margin of 26.22%.The company had revenue of $20.90 million during the quarter.

Timberland Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Friday, May 8th were paid a $0.29 dividend. The ex-dividend date of this dividend was Friday, May 8th. This represents a $1.16 annualized dividend and a dividend yield of 2.8%. Timberland Bancorp’s dividend payout ratio is presently 29.67%.

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.