LSV Asset Management Has $296,000 Position in Timberland Bancorp, Inc. (NASDAQ:TSBK)

LSV Asset Management lessened its holdings in Timberland Bancorp, Inc. (NASDAQ:TSBK) by 29.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,700 shares of the savings and loans company’s stock after selling 4,039 shares during the period. LSV Asset Management owned about 0.12% of Timberland Bancorp worth $296,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Wells Fargo & Company MN boosted its position 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 worth $212,000 after acquiring an additional 964 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Timberland Bancorp by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 168,813 shares of the savings and loans company’s stock worth $5,151,000 after purchasing an additional 435 shares during the period. JPMorgan Chase & Co. grew its position in Timberland Bancorp by 91.5% during the fourth quarter. JPMorgan Chase & Co. now owns 27,366 shares of the savings and loans company’s stock valued at $835,000 after purchasing an additional 13,072 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in Timberland Bancorp by 55.2% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 12,897 shares of the savings and loans company’s stock valued at $393,000 after buying an additional 4,586 shares during the period. Finally, Empowered Funds LLC lifted its position in Timberland Bancorp by 1.9% in the 4th quarter. Empowered Funds LLC now owns 51,572 shares of the savings and loans company’s stock worth $1,573,000 after buying an additional 950 shares in the last quarter. Institutional investors and hedge funds own 65.49% of the company’s stock.

Timberland Bancorp Stock Performance

Shares of TSBK stock opened at $28.50 on Wednesday. Timberland Bancorp, Inc. has a fifty-two week low of $24.26 and a fifty-two week high of $33.98. The stock’s 50-day moving average is $30.14 and its two-hundred day moving average is $30.58. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.98 and a quick ratio of 0.98. The firm has a market cap of $226.75 million, a P/E ratio of 9.22 and a beta of 0.46.

Timberland Bancorp (NASDAQ:TSBK) last released 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. Investors of record on Friday, February 14th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.51%. The ex-dividend date of this dividend was Friday, February 14th. Timberland Bancorp’s payout ratio is presently 32.36%.

Wall Street Analysts Forecast Growth

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

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.