Timberland Bancorp, Inc. (NASDAQ:TSBK) is Cutler Capital Management LLC’s 3rd Largest Position

Cutler Capital Management LLC reduced its position in shares of Timberland Bancorp, Inc. (NASDAQ:TSBK) by 0.4% during the fourth quarter, HoldingsChannel reports. The firm owned 299,001 shares of the savings and loans company’s stock after selling 1,161 shares during the quarter. Timberland Bancorp comprises about 3.2% of Cutler Capital Management LLC’s holdings, making the stock its 3rd largest holding. Cutler Capital Management LLC’s holdings in Timberland Bancorp were worth $9,123,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in TSBK. SG Americas Securities LLC purchased a new position in shares of Timberland Bancorp during the 4th quarter valued at approximately $101,000. Wells Fargo & Company MN boosted its stake in Timberland Bancorp by 16.1% during the 4th quarter. Wells Fargo & Company MN now owns 6,959 shares of the savings and loans company’s stock valued at $212,000 after acquiring an additional 964 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Timberland Bancorp by 55.2% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 12,897 shares of the savings and loans company’s stock worth $393,000 after acquiring an additional 4,586 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Timberland Bancorp by 141.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 14,294 shares of the savings and loans company’s stock worth $433,000 after purchasing an additional 8,365 shares during the last quarter. Finally, Barclays PLC increased its position 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 worth $595,000 after purchasing an additional 6,725 shares during the last quarter. 65.49% of the stock is currently owned by hedge funds and other institutional investors.

Timberland Bancorp Stock Performance

Shares of TSBK opened at $28.33 on Wednesday. The business’s fifty day moving average price is $30.28 and its 200 day moving average price is $30.63. Timberland Bancorp, Inc. has a 12-month low of $23.93 and a 12-month high of $33.98. The stock has a market capitalization of $225.39 million, a PE ratio of 9.17 and a beta of 0.46. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.98 and a quick ratio of 0.98.

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

Timberland Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.00 dividend on an annualized basis and a yield of 3.53%. Timberland Bancorp’s payout ratio is currently 32.36%.

Analyst Upgrades and Downgrades

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.