Royce & Associates LP Trims Stock Holdings in Timberland Bancorp, Inc. (NASDAQ:TSBK)

Royce & Associates LP cut its position in Timberland Bancorp, Inc. (NASDAQ:TSBK - Free Report) by 5.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 231,840 shares of the savings and loans company's stock after selling 13,246 shares during the period. Royce & Associates LP owned approximately 2.91% of Timberland Bancorp worth $7,073,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. State Street Corp raised its holdings in Timberland Bancorp by 1.4% in the 3rd quarter. State Street Corp now owns 110,005 shares of the savings and loans company's stock worth $3,329,000 after acquiring an additional 1,489 shares during the last quarter. De Lisle Partners LLP lifted its holdings in shares of Timberland Bancorp by 34.3% during the third quarter. De Lisle Partners LLP now owns 53,633 shares of the savings and loans company's stock valued at $1,619,000 after purchasing an additional 13,698 shares in the last quarter. Empowered Funds LLC lifted its holdings in shares of Timberland Bancorp by 1.9% during 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 purchasing an additional 950 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of 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 valued at $679,000 after buying an additional 1,040 shares during the last quarter. Finally, Barclays PLC increased its holdings in Timberland Bancorp by 52.1% in the 3rd quarter. Barclays PLC now owns 19,643 shares of the savings and loans company's stock worth $595,000 after buying an additional 6,725 shares in the last quarter. Institutional investors own 65.49% of the company's stock.

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Wall Street Analysts Forecast Growth

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

Timberland Bancorp Stock Performance

NASDAQ:TSBK traded up $0.10 during trading hours on Friday, reaching $30.09. The company had a trading volume of 41,428 shares, compared to its average volume of 12,253. The firm has a market cap of $239.40 million, a price-to-earnings ratio of 9.74 and a beta of 0.59. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.08. The firm's 50 day moving average price is $30.19 and its 200-day moving average price is $30.65. Timberland Bancorp, Inc. has a 52 week low of $23.93 and a 52 week high of $33.98.

Timberland Bancorp (NASDAQ:TSBK - Get Free Report) last issued its quarterly earnings data on Monday, January 27th. The savings and loans company reported $0.86 EPS for the quarter. Timberland Bancorp had a return on equity of 10.20% and a net margin of 22.88%.

Timberland Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.32%. The ex-dividend date was Friday, February 14th. Timberland Bancorp's payout ratio is 32.36%.

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.