Connor Clark & Lunn Investment Management Ltd. Raises Stock Position in Timberland Bancorp, Inc. (NASDAQ:TSBK)

Connor Clark & Lunn Investment Management Ltd. raised its position in Timberland Bancorp, Inc. (NASDAQ:TSBK) by 55.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,897 shares of the savings and loans company’s stock after purchasing an additional 4,586 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.16% of Timberland Bancorp worth $393,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. SG Americas Securities LLC bought a new stake in Timberland Bancorp during the fourth quarter valued at $101,000. JPMorgan Chase & Co. boosted its position in shares of Timberland Bancorp by 141.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 14,294 shares of the savings and loans company’s stock valued at $433,000 after acquiring an additional 8,365 shares during the last quarter. Prospector Partners LLC purchased a new position in shares of Timberland Bancorp during the third quarter worth about $565,000. Barclays PLC increased its position in shares of Timberland Bancorp by 52.1% in the third quarter. Barclays PLC now owns 19,643 shares of the savings and loans company’s stock worth $595,000 after purchasing an additional 6,725 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Timberland Bancorp by 4.9% in the third 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 in the last quarter. 65.49% of the stock is currently owned by hedge funds and other institutional investors.

Timberland Bancorp Stock Up 0.3 %

TSBK opened at $30.09 on Monday. The business’s fifty day simple moving average is $30.19 and its 200 day simple moving average is $30.65. Timberland Bancorp, Inc. has a 52 week low of $23.93 and a 52 week high of $33.98. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.08. The stock has a market cap of $239.40 million, a PE ratio of 9.74 and a beta of 0.59.

Timberland Bancorp (NASDAQ:TSBK) last announced its quarterly earnings data on Monday, January 27th. The savings and loans company reported $0.86 EPS 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 firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a $0.25 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.32%. Timberland Bancorp’s payout ratio is 32.36%.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Timberland Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, February 21st.

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.