SG Americas Securities LLC Takes $129,000 Position in Timberland Bancorp, Inc. (NASDAQ:TSBK)

SG Americas Securities LLC acquired a new stake in Timberland Bancorp, Inc. (NASDAQ:TSBK) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 4,107 shares of the savings and loans company’s stock, valued at approximately $129,000. SG Americas Securities LLC owned 0.05% of Timberland Bancorp as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. UBS Group AG boosted its stake in shares of Timberland Bancorp by 54.6% in the fourth quarter. UBS Group AG now owns 985 shares of the savings and loans company’s stock valued at $34,000 after purchasing an additional 348 shares during the period. Tower Research Capital LLC TRC boosted its stake in shares of Timberland Bancorp by 279.8% in the third quarter. Tower Research Capital LLC TRC now owns 1,299 shares of the savings and loans company’s stock valued at $35,000 after purchasing an additional 957 shares during the period. California State Teachers Retirement System purchased a new position in shares of Timberland Bancorp in the second quarter valued at approximately $64,000. BNP Paribas Arbitrage SNC boosted its stake in shares of Timberland Bancorp by 287.3% in the second quarter. BNP Paribas Arbitrage SNC now owns 2,653 shares of the savings and loans company’s stock valued at $68,000 after purchasing an additional 1,968 shares during the period. Finally, MetLife Investment Management LLC purchased a new position in shares of Timberland Bancorp in the second quarter valued at approximately $104,000. Hedge funds and other institutional investors own 65.49% of the company’s stock.

Analysts Set New Price Targets

Separately, TheStreet downgraded shares of Timberland Bancorp from a “b” rating to a “c+” rating in a research note on Monday, March 18th.

Timberland Bancorp Stock Down 0.6 %

Shares of Timberland Bancorp stock opened at $24.39 on Thursday. Timberland Bancorp, Inc. has a 52-week low of $22.11 and a 52-week high of $32.20. The company has a 50 day moving average of $26.24 and a 200 day moving average of $28.19. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $198.05 million, a P/E ratio of 7.74 and a beta of 0.79.

Timberland Bancorp (NASDAQ:TSBK) last issued its quarterly earnings results on Monday, January 22nd. The savings and loans company reported $0.77 earnings per share (EPS) for the quarter. Timberland Bancorp had a net margin of 27.40% and a return on equity of 11.17%. The company had revenue of $18.80 million during the quarter.

Timberland Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Friday, February 9th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 3.94%. The ex-dividend date was Thursday, February 8th. This is an increase from Timberland Bancorp’s previous quarterly dividend of $0.23. Timberland Bancorp’s payout ratio is currently 30.48%.

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.