Geode Capital Management LLC Has $5.10 Million Holdings in Timberland Bancorp, Inc. (NASDAQ:TSBK)

Geode Capital Management LLC trimmed its position in shares of Timberland Bancorp, Inc. (NASDAQ:TSBK) by 2.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 168,378 shares of the savings and loans company’s stock after selling 4,476 shares during the period. Geode Capital Management LLC owned approximately 2.11% of Timberland Bancorp worth $5,096,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Timberland Bancorp during the 3rd quarter worth approximately $251,000. Hsbc Holdings PLC raised 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 valued at $361,000 after purchasing an additional 2,965 shares in the last quarter. Prospector Partners LLC bought a new stake in Timberland Bancorp during the third quarter worth $565,000. Barclays PLC boosted its holdings in shares of Timberland Bancorp by 52.1% in the 3rd quarter. Barclays PLC now owns 19,643 shares of the savings and loans company’s stock valued at $595,000 after purchasing an additional 6,725 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Timberland Bancorp by 4.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 22,434 shares of the savings and loans company’s stock valued at $679,000 after purchasing an additional 1,040 shares during the last quarter. 65.49% of the stock is owned by institutional investors.

Insider Activity at Timberland Bancorp

In related news, COO Jonathan Arthur Fischer sold 1,790 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $33.02, for a total transaction of $59,105.80. Following the sale, the chief operating officer now owns 4,550 shares of the company’s stock, valued at $150,241. This trade represents a 28.23 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last three months, insiders have sold 4,111 shares of company stock valued at $135,819. 3.70% of the stock is owned by insiders.

Timberland Bancorp Price Performance

Shares of TSBK stock opened at $29.98 on Friday. The business has a fifty day simple moving average of $31.88 and a 200 day simple moving average of $29.99. The company has a market cap of $238.88 million, a P/E ratio of 9.99 and a beta of 0.68. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.08. Timberland Bancorp, Inc. has a twelve month low of $23.93 and a twelve month high of $33.98.

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 paid a $0.25 dividend. This is an increase from Timberland Bancorp’s previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.34%. The ex-dividend date was Friday, November 15th. Timberland Bancorp’s dividend payout ratio (DPR) is presently 33.33%.

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.