Royce & Associates LP Sells 24,963 Shares of Timberland Bancorp, Inc. (NASDAQ:TSBK)

Royce & Associates LP decreased its position in Timberland Bancorp, Inc. (NASDAQ:TSBK) by 9.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 245,086 shares of the savings and loans company’s stock after selling 24,963 shares during the period. Royce & Associates LP owned approximately 3.08% of Timberland Bancorp worth $7,416,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of TSBK. Panagora Asset Management Inc. increased its position in shares of Timberland Bancorp by 8.5% during the 2nd quarter. Panagora Asset Management Inc. now owns 23,999 shares of the savings and loans company’s stock valued at $650,000 after purchasing an additional 1,881 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Timberland Bancorp by 11.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 25,778 shares of the savings and loans company’s stock valued at $698,000 after acquiring an additional 2,609 shares during the period. Vanguard Group Inc. grew its stake in shares of Timberland Bancorp by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 408,069 shares of the savings and loans company’s stock valued at $10,985,000 after acquiring an additional 2,949 shares during the period. Hsbc Holdings PLC grew its stake in shares of Timberland Bancorp by 27.7% during the 2nd quarter. Hsbc Holdings PLC now owns 13,661 shares of the savings and loans company’s stock valued at $361,000 after acquiring an additional 2,965 shares during the period. Finally, BNP Paribas Financial Markets grew its stake in shares of Timberland Bancorp by 48.0% during the 1st quarter. BNP Paribas Financial Markets now owns 15,703 shares of the savings and loans company’s stock valued at $423,000 after acquiring an additional 5,091 shares during the period. Institutional investors own 65.49% of the company’s stock.

Timberland Bancorp Trading Down 3.0 %

TSBK stock opened at $31.97 on Monday. Timberland Bancorp, Inc. has a 1-year low of $23.93 and a 1-year high of $33.98. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.97 and a quick ratio of 0.97. The company has a market capitalization of $254.80 million, a price-to-earnings ratio of 10.66 and a beta of 0.66. The business has a 50 day simple moving average of $30.33 and a two-hundred day simple moving average of $28.41.

Timberland Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.13%. This is an increase from Timberland Bancorp’s previous quarterly dividend of $0.24. The ex-dividend date is Friday, November 15th. Timberland Bancorp’s dividend payout ratio is presently 32.00%.

Timberland Bancorp Profile

Timberland Bancorp, Inc operates as the bank holding company for Timberland Bank that provides various community banking services in Washington. It offers various deposit products, including money market deposit, checking, and regular savings accounts, as well as certificates of deposit. The company also provides one-to four-family residential, multi-family, and commercial real estate loans; and construction lending products, such as custom and owner/builder, speculative one- to four-family, commercial, multi-family, land development, and land development.