The Manufacturers Life Insurance Company Purchases Shares of 284,556 Timberland Bancorp, Inc. $TSBK

The Manufacturers Life Insurance Company purchased a new stake in shares of Timberland Bancorp, Inc. (NASDAQ:TSBK) in the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 284,556 shares of the savings and loans company’s stock, valued at approximately $12,751,000. The Manufacturers Life Insurance Company owned about 3.66% of Timberland Bancorp at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. BlackRock Inc. purchased a new stake in Timberland Bancorp in the second quarter valued at approximately $30,927,000. Geode Capital Management LLC grew its stake in Timberland Bancorp by 0.9% in the 2nd quarter. Geode Capital Management LLC now owns 175,399 shares of the savings and loans company’s stock worth $5,473,000 after buying an additional 1,484 shares in the last quarter. Davis Asset Management L.P. purchased a new position in Timberland Bancorp in the 2nd quarter worth approximately $7,818,000. Bridgeway Capital Management LLC increased its holdings in shares of Timberland Bancorp by 0.9% in the 3rd quarter. Bridgeway Capital Management LLC now owns 131,638 shares of the savings and loans company’s stock worth $4,381,000 after buying an additional 1,126 shares during the last quarter. Finally, State Street Corp increased its holdings in shares of Timberland Bancorp by 1.9% in the 4th quarter. State Street Corp now owns 126,758 shares of the savings and loans company’s stock worth $4,538,000 after buying an additional 2,322 shares during the last quarter. Hedge funds and other institutional investors own 65.49% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded shares of Timberland Bancorp from a “buy (b+)” rating to a “buy (b)” rating in a report on Monday, August 17th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.

Timberland Bancorp Stock Performance

NASDAQ:TSBK opened at $46.40 on Friday. The company has a market capitalization of $360.99 million, a price-to-earnings ratio of 11.63 and a beta of 0.31. The business has a 50 day moving average of $44.79 and a 200 day moving average of $41.74. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.00 and a quick ratio of 1.00. Timberland Bancorp, Inc. has a 1-year low of $30.93 and a 1-year high of $49.38.

Timberland Bancorp (NASDAQ:TSBK) last issued its quarterly earnings results on Wednesday, July 29th. The savings and loans company reported $0.98 EPS for the quarter. The business had revenue of $21.10 million for the quarter. Timberland Bancorp had a net margin of 26.46% and a return on equity of 11.72%.

Timberland Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 24th. Investors of record on Monday, August 10th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date was Monday, August 10th. This is a boost from Timberland Bancorp’s previous quarterly dividend of $0.29. Timberland Bancorp’s dividend payout ratio is 30.08%.

Insider Buying and Selling

In other Timberland Bancorp news, Director David Alan Smith sold 1,000 shares of the business’s stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $43.90, for a total value of $43,900.00. Following the completion of the sale, the director directly owned 18,468 shares of the company’s stock, valued at $810,745.20. The trade was a 5.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 3.60% of the stock is currently owned by insiders.

About Timberland Bancorp

Timberland Bancorp, Inc is the bank holding company for Timberland Bank, a Washington-chartered commercial bank serving individuals and businesses in southwestern Washington. The company conducts its operations through Timberland Bank, offering a range of community banking services tailored to local market needs. As a publicly traded company on the NASDAQ under the symbol TSBK, Timberland Bancorp focuses on delivering personalized financial solutions while maintaining a community-oriented approach.

Timberland Bank’s core products include deposit accounts such as checking, savings and money market accounts, certificates of deposit and retirement accounts.