Connor Clark & Lunn Investment Management Ltd. Buys Shares of 8,311 Timberland Bancorp, Inc. (NASDAQ:TSBK)

Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Timberland Bancorp, Inc. (NASDAQ:TSBK) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,311 shares of the savings and loans company’s stock, valued at approximately $251,000. Connor Clark & Lunn Investment Management Ltd. owned about 0.10% of Timberland Bancorp at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of TSBK. Empowered Funds LLC grew its stake in shares of Timberland Bancorp by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 50,622 shares of the savings and loans company’s stock worth $1,532,000 after purchasing an additional 2,546 shares during the period. Hsbc Holdings PLC grew its position in Timberland Bancorp by 27.7% during the second quarter. Hsbc Holdings PLC now owns 13,661 shares of the savings and loans company’s stock worth $361,000 after buying an additional 2,965 shares during the period. Panagora Asset Management Inc. increased its holdings in Timberland Bancorp by 8.5% in the second 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 lifted its position in shares of Timberland Bancorp by 11.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 25,778 shares of the savings and loans company’s stock valued at $698,000 after acquiring an additional 2,609 shares during the period. Finally, 180 Wealth Advisors LLC purchased a new stake in shares of Timberland Bancorp during the 2nd quarter worth approximately $272,000. 65.49% of the stock is owned by institutional investors and hedge funds.

Timberland Bancorp Stock Performance

Shares of TSBK stock opened at $32.39 on Monday. The stock has a fifty day moving average price of $30.86 and a 200 day moving average price of $28.91. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.97 and a current ratio of 0.97. The stock has a market cap of $258.15 million, a PE ratio of 10.80 and a beta of 0.66. Timberland Bancorp, Inc. has a 1 year low of $23.93 and a 1 year high of $33.98.

Timberland Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were paid a dividend of $0.25 per share. The ex-dividend date was Friday, November 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.09%. This is a positive change from Timberland Bancorp’s previous quarterly dividend of $0.24. Timberland Bancorp’s dividend payout ratio (DPR) is presently 33.33%.

Insider Buying and Selling

In other Timberland Bancorp news, COO Jonathan Arthur Fischer sold 2,044 shares of Timberland Bancorp stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $33.09, for a total value of $67,635.96. Following the completion of the sale, the chief operating officer now owns 4,550 shares in the company, valued at $150,559.50. The trade was a 31.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In the last quarter, insiders sold 4,111 shares of company stock worth $135,819. 3.40% of the stock is owned by corporate insiders.

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.