M3F Inc. Decreases Stock Position in Timberland Bancorp, Inc. $TSBK

M3F Inc. decreased its position in shares of Timberland Bancorp, Inc. (NASDAQ:TSBK) by 8.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 170,473 shares of the savings and loans company’s stock after selling 16,116 shares during the period. Timberland Bancorp comprises approximately 1.4% of M3F Inc.’s holdings, making the stock its 18th biggest holding. M3F Inc.’s holdings in Timberland Bancorp were worth $5,140,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC grew its stake in shares of Timberland Bancorp by 158.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,053 shares of the savings and loans company’s stock valued at $32,000 after acquiring an additional 645 shares in the last quarter. Deutsche Bank AG purchased a new position in Timberland Bancorp in the fourth quarter valued at about $76,000. GAMMA Investing LLC boosted its holdings in Timberland Bancorp by 22,400.0% in the first quarter. GAMMA Investing LLC now owns 2,925 shares of the savings and loans company’s stock valued at $97,000 after purchasing an additional 2,912 shares during the last quarter. Wells Fargo & Company MN grew its stake in Timberland Bancorp by 16.1% during the 4th quarter. Wells Fargo & Company MN now owns 6,959 shares of the savings and loans company’s stock valued at $212,000 after purchasing an additional 964 shares in the last quarter. Finally, Nuveen LLC purchased a new stake in Timberland Bancorp during the 1st quarter worth approximately $381,000. 65.49% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Andrea M. Clinton sold 3,800 shares of the company’s stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $32.98, for a total transaction of $125,324.00. Following the completion of the transaction, the director owned 8,210 shares in the company, valued at approximately $270,765.80. This represents a 31.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David Alan Smith sold 836 shares of the stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $33.50, for a total transaction of $28,006.00. Following the completion of the sale, the director directly owned 17,768 shares in the company, valued at approximately $595,228. This trade represents a 4.49% decrease in their position. The disclosure for this sale can be found here. 3.70% of the stock is owned by corporate insiders.

Timberland Bancorp Price Performance

Shares of NASDAQ TSBK opened at $33.37 on Thursday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $263.62 million, a price-to-earnings ratio of 9.81 and a beta of 0.51. Timberland Bancorp, Inc. has a twelve month low of $27.51 and a twelve month high of $34.95. The business has a 50 day simple moving average of $32.13 and a 200-day simple moving average of $30.97.

Timberland Bancorp (NASDAQ:TSBK) last announced its quarterly earnings data on Tuesday, July 22nd. The savings and loans company reported $0.90 earnings per share (EPS) for the quarter. Timberland Bancorp had a return on equity of 10.79% and a net margin of 24.19%.The firm had revenue of $20.50 million for the quarter.

Timberland Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Friday, August 8th were issued a $0.26 dividend. The ex-dividend date of this dividend was Friday, August 8th. This represents a $1.04 annualized dividend and a dividend yield of 3.1%. Timberland Bancorp’s dividend payout ratio (DPR) is 30.59%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered shares of Timberland Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, May 21st.

Timberland Bancorp Company Profile

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.