M3F Inc. Sells 26,527 Shares of Timberland Bancorp, Inc. (NASDAQ:TSBK)

M3F Inc. cut its stake in Timberland Bancorp, Inc. (NASDAQ:TSBK) by 12.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 186,589 shares of the savings and loans company’s stock after selling 26,527 shares during the period. Timberland Bancorp comprises about 1.6% of M3F Inc.’s investment portfolio, making the stock its 15th largest position. M3F Inc. owned 2.35% of Timberland Bancorp worth $5,693,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew 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 worth $433,000 after buying an additional 8,365 shares in the last quarter. Barclays PLC lifted its stake in 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 acquiring an additional 6,725 shares during the period. State Street Corp grew its holdings in Timberland Bancorp by 1.4% during the 3rd quarter. State Street Corp now owns 110,005 shares of the savings and loans company’s stock worth $3,329,000 after acquiring an additional 1,489 shares in the last quarter. SG Americas Securities LLC purchased a new position in Timberland Bancorp during the 4th quarter valued at about $101,000. Finally, Kennedy Capital Management LLC raised its holdings in shares of Timberland Bancorp by 35.2% in the 4th quarter. Kennedy Capital Management LLC now owns 57,124 shares of the savings and loans company’s stock valued at $1,743,000 after purchasing an additional 14,875 shares in the last quarter. Institutional investors own 65.49% of the company’s stock.

Wall Street Analyst Weigh In

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

Timberland Bancorp Trading Up 1.6 %

Shares of NASDAQ:TSBK opened at $29.56 on Friday. The company has a market capitalization of $235.18 million, a PE ratio of 9.57 and a beta of 0.46. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.08. Timberland Bancorp, Inc. has a 12-month low of $24.26 and a 12-month high of $33.98. The business’s fifty day simple moving average is $30.05 and its 200-day simple moving average is $30.58.

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

Timberland Bancorp Announces Dividend

The company 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 was Friday, February 14th. This represents a $1.00 annualized dividend and a yield of 3.38%. Timberland Bancorp’s dividend payout ratio (DPR) is 32.36%.

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.