Prospector Partners LLC Makes New $565,000 Investment in Timberland Bancorp, Inc. (NASDAQ:TSBK)

Prospector Partners LLC acquired a new position in shares of Timberland Bancorp, Inc. (NASDAQ:TSBK - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 18,672 shares of the savings and loans company's stock, valued at approximately $565,000. Prospector Partners LLC owned about 0.23% of Timberland Bancorp at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Timberland Bancorp in the 3rd quarter valued at $251,000. 180 Wealth Advisors LLC purchased a new stake in shares of Timberland Bancorp in the second quarter valued at about $272,000. Hsbc Holdings PLC lifted its position in shares of 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 valued at $361,000 after purchasing an additional 2,965 shares in the last quarter. Panagora Asset Management Inc. lifted its position in shares of Timberland Bancorp by 8.5% during the second 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 in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Timberland Bancorp by 4.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 22,434 shares of the savings and loans company's stock worth $679,000 after purchasing an additional 1,040 shares during the last quarter. 65.49% of the stock is owned by institutional investors.

Insider Activity at Timberland Bancorp

In other news, COO Jonathan Arthur Fischer sold 2,044 shares of the company's stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $33.09, for a total value of $67,635.96. Following the completion of the transaction, the chief operating officer now directly owns 4,550 shares in the company, valued at approximately $150,559.50. This represents a 31.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 4,111 shares of company stock valued at $135,819 over the last three months. 3.40% of the stock is owned by corporate insiders.

Timberland Bancorp Stock Performance

Shares of Timberland Bancorp stock traded down $0.90 during mid-day trading on Tuesday, hitting $32.42. 10,498 shares of the stock were exchanged, compared to its average volume of 13,393. Timberland Bancorp, Inc. has a 12 month low of $23.93 and a 12 month high of $33.98. The company has a 50-day simple moving average of $30.72 and a 200 day simple moving average of $28.71. The company has a market capitalization of $258.26 million, a P/E ratio of 11.11 and a beta of 0.66. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.97 and a current ratio of 0.97.

Timberland Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.08%. This is a boost 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 33.33%.

Timberland Bancorp Company 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.