Renaissance Technologies LLC Sells 12,984 Shares of Timberland Bancorp, Inc. (NASDAQ:TSBK)

Renaissance Technologies LLC decreased its holdings in Timberland Bancorp, Inc. (NASDAQ:TSBK - Free Report) by 5.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 223,289 shares of the savings and loans company's stock after selling 12,984 shares during the quarter. Renaissance Technologies LLC owned 2.80% of Timberland Bancorp worth $6,813,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Wells Fargo & Company MN grew its holdings in shares of Timberland Bancorp by 16.1% in the 4th quarter. Wells Fargo & Company MN now owns 6,959 shares of the savings and loans company's stock worth $212,000 after purchasing an additional 964 shares during the last quarter. Geode Capital Management LLC raised its position in Timberland Bancorp by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 168,813 shares of the savings and loans company's stock valued at $5,151,000 after purchasing an additional 435 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Timberland Bancorp by 91.5% in the fourth quarter. JPMorgan Chase & Co. now owns 27,366 shares of the savings and loans company's stock worth $835,000 after purchasing an additional 13,072 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Timberland Bancorp by 55.2% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 12,897 shares of the savings and loans company's stock worth $393,000 after purchasing an additional 4,586 shares during the last quarter. Finally, Empowered Funds LLC increased its stake in shares of Timberland Bancorp by 1.9% in the fourth quarter. Empowered Funds LLC now owns 51,572 shares of the savings and loans company's stock valued at $1,573,000 after buying an additional 950 shares in the last quarter. 65.49% of the stock is owned by institutional investors.

Timberland Bancorp Trading Down 1.9 %

TSBK traded down $0.59 during trading on Thursday, reaching $30.04. 1,263 shares of the company's stock were exchanged, compared to its average volume of 12,885. The company's fifty day moving average price is $30.01 and its 200-day moving average price is $30.59. 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 $239.00 million, a PE ratio of 9.72 and a beta of 0.46. Timberland Bancorp, Inc. has a fifty-two week low of $24.26 and a fifty-two week high of $33.98.

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

Timberland Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Friday, May 9th will be issued a $0.26 dividend. The ex-dividend date is Friday, May 9th. This is a positive change from Timberland Bancorp's previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a yield of 3.46%. Timberland Bancorp's dividend payout ratio (DPR) is 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 report on Friday, February 21st.

About Timberland Bancorp

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.