De Lisle Partners LLP Takes Position in Timberland Bancorp, Inc. $TSBK

De Lisle Partners LLP acquired a new position in Timberland Bancorp, Inc. (NASDAQ:TSBK) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 65,247 shares of the savings and loans company’s stock, valued at approximately $2,922,000.

A number of other institutional investors and hedge funds have also bought and sold shares of TSBK. BlackRock Inc. acquired a new position in Timberland Bancorp during the 2nd quarter valued at $30,927,000. Westport Asset Management Inc. acquired a new stake in Timberland Bancorp in the 2nd quarter worth $3,626,000. Fourthstone LLC grew its position in Timberland Bancorp by 207.5% in the 4th quarter. Fourthstone LLC now owns 109,687 shares of the savings and loans company’s stock worth $3,927,000 after purchasing an additional 74,011 shares during the last quarter. Bank of New York Mellon Corp bought a new position in shares of Timberland Bancorp during the 2nd quarter worth about $1,151,000. Finally, Gamco Investors INC. ET AL bought a new position in shares of Timberland Bancorp during the 2nd quarter worth about $465,000. Institutional investors own 65.49% of the company’s stock.

Insider Activity at Timberland Bancorp

In other news, Director David Alan Smith sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $43.90, for a total transaction of $43,900.00. Following the completion of the transaction, the director directly owned 18,468 shares of the company’s stock, valued at approximately $810,745.20. This trade represents a 5.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.60% of the company’s stock.

Timberland Bancorp Price Performance

Shares of NASDAQ:TSBK opened at $46.55 on Friday. The firm has a market capitalization of $362.16 million, a PE ratio of 11.67 and a beta of 0.31. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.04. Timberland Bancorp, Inc. has a 1-year low of $30.93 and a 1-year high of $49.38. The business’s 50 day moving average is $44.40 and its 200-day moving average is $41.50.

Timberland Bancorp (NASDAQ:TSBK) last issued its earnings results on Wednesday, July 29th. The savings and loans company reported $0.98 EPS for the quarter. Timberland Bancorp had a return on equity of 11.72% and a net margin of 26.46%.The business had revenue of $21.10 million during the quarter.

Timberland Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 24th. Stockholders of record on Monday, August 10th will be paid a $0.30 dividend. The ex-dividend date is Monday, August 10th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.6%. This is a positive change from Timberland Bancorp’s previous quarterly dividend of $0.29. Timberland Bancorp’s dividend payout ratio is currently 30.08%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut shares of Timberland Bancorp from a “buy (b+)” rating to a “buy (b)” rating in a research note on Monday, August 17th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy”.

Timberland Bancorp Profile

Timberland Bancorp, Inc is the bank holding company for Timberland Bank, a Washington-chartered commercial bank serving individuals and businesses in southwestern Washington. The company conducts its operations through Timberland Bank, offering a range of community banking services tailored to local market needs. As a publicly traded company on the NASDAQ under the symbol TSBK, Timberland Bancorp focuses on delivering personalized financial solutions while maintaining a community-oriented approach.

Timberland Bank’s core products include deposit accounts such as checking, savings and money market accounts, certificates of deposit and retirement accounts.