Barclays PLC Purchases 6,725 Shares of Timberland Bancorp, Inc. (NASDAQ:TSBK)

Barclays PLC grew its position in shares of Timberland Bancorp, Inc. (NASDAQ:TSBK) by 52.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,643 shares of the savings and loans company’s stock after buying an additional 6,725 shares during the period. Barclays PLC owned 0.25% of Timberland Bancorp worth $595,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in TSBK. Prospector Partners LLC bought a new position in Timberland Bancorp during the third quarter worth about $565,000. Charles Schwab Investment Management Inc. boosted its holdings in 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 worth $679,000 after buying an additional 1,040 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new position in Timberland Bancorp in the 3rd quarter worth approximately $251,000. State Street Corp grew its stake in Timberland Bancorp by 1.4% in the 3rd quarter. State Street Corp now owns 110,005 shares of the savings and loans company’s stock valued at $3,329,000 after buying an additional 1,489 shares in the last quarter. Finally, De Lisle Partners LLP raised its holdings in Timberland Bancorp by 34.3% during the 3rd quarter. De Lisle Partners LLP now owns 53,633 shares of the savings and loans company’s stock valued at $1,619,000 after acquiring an additional 13,698 shares during the period. Institutional investors own 65.49% of the company’s stock.

Timberland Bancorp Price Performance

Timberland Bancorp stock opened at $30.51 on Thursday. The firm has a market capitalization of $243.10 million, a P/E ratio of 10.17 and a beta of 0.67. Timberland Bancorp, Inc. has a one year low of $23.93 and a one 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 business has a fifty day moving average price of $31.86 and a 200-day moving average price of $29.97.

Timberland Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were paid a $0.25 dividend. The ex-dividend date was Friday, November 15th. This represents a $1.00 annualized dividend and a yield of 3.28%. This is an increase from Timberland Bancorp’s previous quarterly dividend of $0.24. Timberland Bancorp’s dividend payout ratio (DPR) is currently 33.33%.

Insider Buying and Selling at Timberland Bancorp

In other Timberland Bancorp news, COO Jonathan Arthur Fischer sold 2,044 shares of the firm’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $33.09, for a total value of $67,635.96. Following the completion of the transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders sold 4,111 shares of company stock valued at $135,819 in the last quarter. 3.70% of the stock is currently owned by corporate insiders.

About Timberland Bancorp

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.