M3F Inc. Sells 26,527 Shares of Timberland Bancorp, Inc. (NASDAQ:TSBK)

M3F Inc. reduced its holdings in shares of Timberland Bancorp, Inc. (NASDAQ:TSBK - Free Report) by 12.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 186,589 shares of the savings and loans company's stock after selling 26,527 shares during the quarter. Timberland Bancorp accounts for 1.6% of M3F Inc.'s portfolio, making the stock its 15th biggest holding. M3F Inc. owned about 2.35% of Timberland Bancorp worth $5,693,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. State Street Corp raised its stake in Timberland Bancorp by 1.4% during the 3rd quarter. State Street Corp now owns 110,005 shares of the savings and loans company's stock valued at $3,329,000 after buying an additional 1,489 shares during the last quarter. Barclays PLC boosted its position in Timberland Bancorp by 52.1% in the third quarter. Barclays PLC now owns 19,643 shares of the savings and loans company's stock worth $595,000 after purchasing an additional 6,725 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Timberland Bancorp by 141.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 14,294 shares of the savings and loans company's stock valued at $433,000 after purchasing an additional 8,365 shares during the period. SG Americas Securities LLC purchased a new stake in shares of Timberland Bancorp during the 4th quarter valued at about $101,000. Finally, Empowered Funds LLC increased its position in shares of Timberland Bancorp by 1.9% during the 4th quarter. Empowered Funds LLC now owns 51,572 shares of the savings and loans company's stock valued at $1,573,000 after purchasing an additional 950 shares during the last quarter. 65.49% of the stock is owned by hedge funds and other institutional investors.

Timberland Bancorp Stock Performance

Shares of TSBK stock traded down $0.73 during mid-day trading on Friday, reaching $29.54. 16,515 shares of the company's stock traded hands, compared to its average volume of 12,955. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a market capitalization of $234.98 million, a PE ratio of 9.57 and a beta of 0.46. Timberland Bancorp, Inc. has a 12 month low of $24.26 and a 12 month high of $33.98. The firm has a 50 day moving average price of $30.01 and a two-hundred day moving average price of $30.60.

Timberland Bancorp (NASDAQ:TSBK - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The savings and loans company reported $0.85 EPS for the quarter. The firm had revenue of $19.90 million for the quarter. Timberland Bancorp had a return on equity of 10.20% and a net margin of 22.88%.

Timberland Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Friday, May 9th will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 3.52%. This is an increase from Timberland Bancorp's previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Friday, May 9th. Timberland Bancorp's dividend payout ratio is presently 32.36%.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Timberland Bancorp from a "buy" rating to a "hold" rating in a research report on Friday, February 21st.

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.