Royce & Associates LP Sells 13,246 Shares of Timberland Bancorp, Inc. (NASDAQ:TSBK)

Royce & Associates LP trimmed its position in shares of Timberland Bancorp, Inc. (NASDAQ:TSBK) by 5.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 231,840 shares of the savings and loans company’s stock after selling 13,246 shares during the quarter. Royce & Associates LP owned 2.91% of Timberland Bancorp worth $7,073,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Empowered Funds LLC raised its holdings in Timberland Bancorp by 1.9% during 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 during the period. Charles Schwab Investment Management Inc. increased its position in shares of Timberland Bancorp by 4.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 22,434 shares of the savings and loans company’s stock worth $679,000 after acquiring an additional 1,040 shares in the last quarter. State Street Corp raised its holdings in shares of Timberland Bancorp by 1.4% during the third 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 during the period. SG Americas Securities LLC acquired a new position in Timberland Bancorp in the 4th quarter worth $101,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased 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 purchasing an additional 4,586 shares in the last quarter. Institutional investors and hedge funds own 65.49% of the company’s stock.

Timberland Bancorp Stock Up 0.9 %

NASDAQ:TSBK opened at $30.10 on Wednesday. Timberland Bancorp, Inc. has a twelve month low of $23.93 and a twelve month high of $33.98. The firm has a market capitalization of $239.48 million, a price-to-earnings ratio of 9.74 and a beta of 0.59. 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’s 50 day moving average price is $30.11 and its two-hundred day moving average price is $30.66.

Timberland Bancorp (NASDAQ:TSBK) last issued its 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 company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.32%. The ex-dividend date was Friday, February 14th. Timberland Bancorp’s payout ratio is 32.36%.

Wall Street Analysts Forecast Growth

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.