JPMorgan Chase & Co. increased its position in Timberland Bancorp, Inc. (NASDAQ:TSBK - Free Report) by 141.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,294 shares of the savings and loans company's stock after purchasing an additional 8,365 shares during the period. JPMorgan Chase & Co. owned approximately 0.18% of Timberland Bancorp worth $433,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. Hsbc Holdings PLC raised its holdings in Timberland Bancorp by 27.7% during the second quarter. Hsbc Holdings PLC now owns 13,661 shares of the savings and loans company's stock worth $361,000 after buying an additional 2,965 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of Timberland Bancorp by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 50,622 shares of the savings and loans company's stock worth $1,532,000 after acquiring an additional 2,546 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in Timberland Bancorp in the 3rd quarter valued at about $251,000. Charles Schwab Investment Management Inc. lifted its position in Timberland Bancorp by 4.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 22,434 shares of the savings and loans company's stock valued at $679,000 after acquiring an additional 1,040 shares in the last quarter. Finally, Prospector Partners LLC acquired a new position in Timberland Bancorp during the 3rd quarter valued at about $565,000. Institutional investors and hedge funds own 65.49% of the company's stock.
Timberland Bancorp Stock Down 0.4 %
Shares of Timberland Bancorp stock traded down $0.13 on Friday, hitting $30.02. The company had a trading volume of 10,164 shares, compared to its average volume of 8,897. 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 quick ratio of 0.97 and a current ratio of 0.97. The stock has a 50 day moving average of $30.95 and a 200-day moving average of $30.43. The stock has a market capitalization of $239.26 million, a price-to-earnings ratio of 9.72 and a beta of 0.68.
Timberland Bancorp (NASDAQ:TSBK - Get Free Report) last released its quarterly earnings results on Monday, January 27th. The savings and loans company reported $0.86 EPS for the quarter. Timberland Bancorp had a return on equity of 10.28% and a net margin of 22.88%.
Timberland Bancorp Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.33%. The ex-dividend date of this dividend is Friday, February 14th. Timberland Bancorp's payout ratio is 32.36%.
Insider Buying and Selling at Timberland Bancorp
In other news, COO Jonathan Arthur Fischer sold 2,044 shares of the firm's stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $33.09, for a total transaction of $67,635.96. Following the completion of the sale, the chief operating officer now directly owns 4,550 shares of the company's stock, valued at $150,559.50. This trade represents a 31.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In the last 90 days, insiders sold 4,111 shares of company stock worth $135,819. Insiders own 3.70% of the company's stock.
Timberland Bancorp Profile
(
Free Report)
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.
Read More
Before you consider Timberland Bancorp, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Timberland Bancorp wasn't on the list.
While Timberland Bancorp currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
