Timberland Bancorp, Inc. (NASDAQ:TSBK) Position Lowered by Bank of New York Mellon Corp

Bank of New York Mellon Corp lowered its position in shares of Timberland Bancorp, Inc. (NASDAQ:TSBK) by 14.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,826 shares of the savings and loans company’s stock after selling 2,892 shares during the quarter. Bank of New York Mellon Corp owned about 0.21% of Timberland Bancorp worth $513,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Empowered Funds LLC raised its stake in Timberland Bancorp by 1.9% during the fourth quarter. Empowered Funds LLC now owns 51,572 shares of the savings and loans company’s stock worth $1,573,000 after acquiring an additional 950 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Timberland Bancorp by 4.9% during 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 period. State Street Corp grew its stake in Timberland Bancorp by 1.4% during the 3rd quarter. State Street Corp now owns 110,005 shares of the savings and loans company’s stock worth $3,329,000 after buying an additional 1,489 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Timberland Bancorp in the fourth quarter worth $101,000. Finally, Barclays PLC lifted its stake in Timberland Bancorp by 52.1% in the third quarter. Barclays PLC now owns 19,643 shares of the savings and loans company’s stock valued at $595,000 after buying an additional 6,725 shares during the last quarter. Institutional investors and hedge funds own 65.49% of the company’s stock.

Timberland Bancorp Stock Performance

NASDAQ:TSBK opened at $30.97 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.08. The firm has a market cap of $246.40 million, a price-to-earnings ratio of 10.02 and a beta of 0.59. Timberland Bancorp, Inc. has a twelve month low of $23.93 and a twelve month high of $33.98. The company has a 50-day moving average of $30.29 and a 200-day moving average of $30.66.

Timberland Bancorp (NASDAQ:TSBK) last issued its quarterly earnings results on Monday, January 27th. The savings and loans company reported $0.86 earnings per share for the quarter. Timberland Bancorp had a return on equity of 10.20% and a net margin of 22.88%.

Timberland Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.23%. The ex-dividend date of this dividend was Friday, February 14th. Timberland Bancorp’s payout ratio is currently 32.36%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Timberland Bancorp from a “buy” rating to a “hold” rating in a report on Friday, February 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.