Hsbc Holdings PLC Makes New Investment in Timberland Bancorp, Inc. $TSBK

Hsbc Holdings PLC purchased a new stake in Timberland Bancorp, Inc. (NASDAQ:TSBK) during the 2nd quarter, HoldingsChannel reports. The fund purchased 27,171 shares of the savings and loans company’s stock, valued at approximately $1,209,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. EverSource Wealth Advisors LLC boosted its position in shares of Timberland Bancorp by 20,325.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 817 shares of the savings and loans company’s stock valued at $25,000 after acquiring an additional 813 shares during the last quarter. Legal & General Group Plc bought a new position in shares of Timberland Bancorp in the second quarter worth approximately $31,000. Strs Ohio bought a new position in shares of Timberland Bancorp in the first quarter worth approximately $33,000. Raymond James Financial Inc. purchased a new stake in Timberland Bancorp in the second quarter valued at approximately $62,000. Finally, Tower Research Capital LLC TRC raised its stake in Timberland Bancorp by 610.2% in the second quarter. Tower Research Capital LLC TRC now owns 2,024 shares of the savings and loans company’s stock valued at $63,000 after purchasing an additional 1,739 shares in the last quarter. Hedge funds and other institutional investors own 65.49% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings lowered shares of Timberland Bancorp from a “buy (b+)” rating to a “buy (b)” rating in a research report on Monday, August 17th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Timberland Bancorp presently has an average rating of “Buy”.

Timberland Bancorp Price Performance

Shares of Timberland Bancorp stock opened at $45.59 on Tuesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.00 and a quick ratio of 1.00. The business’s 50 day simple moving average is $44.85 and its two-hundred day simple moving average is $41.80. The stock has a market capitalization of $354.69 million, a P/E ratio of 11.43 and a beta of 0.31. Timberland Bancorp, Inc. has a one year low of $30.93 and a one year high of $49.38.

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

Timberland Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 24th. Shareholders of record on Monday, August 10th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend was Monday, August 10th. This is an increase from Timberland Bancorp’s previous quarterly dividend of $0.29. Timberland Bancorp’s dividend payout ratio is currently 30.08%.

Insiders Place Their Bets

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

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.