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

Royce & Associates LP lessened its holdings in shares of Timberland Bancorp, Inc. (NASDAQ:TSBK - Free Report) by 9.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 245,086 shares of the savings and loans company's stock after selling 24,963 shares during the period. Royce & Associates LP owned approximately 3.08% of Timberland Bancorp worth $7,416,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Panagora Asset Management Inc. grew its holdings in Timberland Bancorp by 8.5% in the 2nd quarter. Panagora Asset Management Inc. now owns 23,999 shares of the savings and loans company's stock valued at $650,000 after buying an additional 1,881 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Timberland Bancorp by 11.3% during the second quarter. Bank of New York Mellon Corp now owns 25,778 shares of the savings and loans company's stock worth $698,000 after purchasing an additional 2,609 shares during the period. Vanguard Group Inc. grew its stake in shares of Timberland Bancorp by 0.7% in the first quarter. Vanguard Group Inc. now owns 408,069 shares of the savings and loans company's stock worth $10,985,000 after acquiring an additional 2,949 shares in the last quarter. Hsbc Holdings PLC increased its holdings in Timberland Bancorp by 27.7% during the 2nd quarter. Hsbc Holdings PLC now owns 13,661 shares of the savings and loans company's stock worth $361,000 after purchasing an additional 2,965 shares during the period. Finally, BNP Paribas Financial Markets raised its holdings in Timberland Bancorp by 48.0% in the first quarter. BNP Paribas Financial Markets now owns 15,703 shares of the savings and loans company's stock valued at $423,000 after acquiring an additional 5,091 shares in the last quarter. Hedge funds and other institutional investors own 65.49% of the company's stock.

Timberland Bancorp Stock Down 1.0 %

Shares of NASDAQ:TSBK traded down $0.31 during trading on Monday, hitting $31.66. 10,583 shares of the company were exchanged, compared to its average volume of 13,426. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.97 and a quick ratio of 0.97. Timberland Bancorp, Inc. has a 12-month low of $23.93 and a 12-month high of $33.98. The stock has a market capitalization of $252.33 million, a P/E ratio of 10.66 and a beta of 0.66. The firm's 50 day moving average price is $30.33 and its 200-day moving average price is $28.43.

Timberland Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be paid a $0.25 dividend. This is an increase from Timberland Bancorp's previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a dividend yield of 3.16%. The ex-dividend date of this dividend is Friday, November 15th. Timberland Bancorp's dividend payout ratio (DPR) is 32.00%.

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.