Charles Schwab Investment Management Inc. Raises Stock Position in Timberland Bancorp, Inc. (NASDAQ:TSBK)

Charles Schwab Investment Management Inc. increased its position in shares of Timberland Bancorp, Inc. (NASDAQ:TSBK) by 4.9% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 22,434 shares of the savings and loans company’s stock after buying an additional 1,040 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.28% of Timberland Bancorp worth $679,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of TSBK. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Timberland Bancorp in the 3rd quarter valued at about $251,000. Empowered Funds LLC boosted its position in shares of Timberland Bancorp by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 50,622 shares of the savings and loans company’s stock worth $1,532,000 after buying an additional 2,546 shares in the last quarter. Hsbc Holdings PLC grew its stake in Timberland Bancorp by 27.7% in the 2nd quarter. Hsbc Holdings PLC now owns 13,661 shares of the savings and loans company’s stock valued at $361,000 after acquiring an additional 2,965 shares during the last quarter. Panagora Asset Management Inc. increased its holdings in Timberland Bancorp by 8.5% during 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 acquiring an additional 1,881 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position 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 acquiring an additional 2,609 shares during the last quarter. 65.49% of the stock is owned by institutional investors and hedge funds.

Timberland Bancorp Trading Down 4.2 %

Shares of TSBK opened at $31.40 on Thursday. Timberland Bancorp, Inc. has a 1-year low of $23.93 and a 1-year high of $33.98. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.97 and a quick ratio of 0.97. The firm has a 50 day simple moving average of $31.66 and a 200-day simple moving average of $29.53. The stock has a market cap of $250.20 million, a price-to-earnings ratio of 10.47 and a beta of 0.67.

Timberland Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.18%. This is a boost from Timberland Bancorp’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Friday, November 15th. Timberland Bancorp’s payout ratio is 33.33%.

Insider Activity at Timberland Bancorp

In other Timberland Bancorp news, COO Jonathan Arthur Fischer sold 2,044 shares of the firm’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $33.09, for a total transaction of $67,635.96. Following the sale, the chief operating officer now directly owns 4,550 shares of the company’s stock, valued at $150,559.50. This trade represents a 31.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold a total of 4,111 shares of company stock valued at $135,819 over the last quarter. Insiders own 3.40% of the company’s stock.

Timberland Bancorp 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.