Connor Clark & Lunn Investment Management Ltd. Acquires Shares of 8,311 Timberland Bancorp, Inc. (NASDAQ:TSBK)

Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Timberland Bancorp, Inc. (NASDAQ:TSBK) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 8,311 shares of the savings and loans company’s stock, valued at approximately $251,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. 180 Wealth Advisors LLC bought a new stake in Timberland Bancorp during the second quarter valued at $272,000. Hsbc Holdings PLC boosted its holdings in shares of Timberland Bancorp by 27.7% in the 2nd quarter. Hsbc Holdings PLC now owns 13,661 shares of the savings and loans company’s stock valued at $361,000 after buying an additional 2,965 shares during the period. Panagora Asset Management Inc. boosted its holdings in shares of Timberland Bancorp by 8.5% in the 2nd quarter. Panagora Asset Management Inc. now owns 23,999 shares of the savings and loans company’s stock valued at $650,000 after buying an additional 1,881 shares during the period. Bank of New York Mellon Corp grew its position in shares of Timberland Bancorp by 11.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 25,778 shares of the savings and loans company’s stock valued at $698,000 after buying an additional 2,609 shares during the last quarter. Finally, Empowered Funds LLC raised its stake in Timberland Bancorp by 5.3% during the third quarter. Empowered Funds LLC now owns 50,622 shares of the savings and loans company’s stock worth $1,532,000 after acquiring an additional 2,546 shares during the period. Institutional investors own 65.49% of the company’s stock.

Timberland Bancorp Stock Performance

Shares of NASDAQ TSBK opened at $32.39 on Monday. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.08. The firm’s 50-day moving average price is $30.86 and its two-hundred day moving average price is $28.91. Timberland Bancorp, Inc. has a 52-week low of $23.93 and a 52-week high of $33.98. The stock has a market capitalization of $258.15 million, a P/E ratio of 10.80 and a beta of 0.66.

Timberland Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were issued a $0.25 dividend. This is an increase from Timberland Bancorp’s previous quarterly dividend of $0.24. The ex-dividend date was Friday, November 15th. This represents a $1.00 annualized dividend and a dividend yield of 3.09%. Timberland Bancorp’s dividend payout ratio (DPR) is 33.33%.

Insider Activity at Timberland Bancorp

In related news, COO Jonathan Arthur Fischer sold 1,790 shares of Timberland Bancorp stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $33.02, for a total value of $59,105.80. Following the sale, the chief operating officer now directly owns 4,550 shares in the company, valued at $150,241. This trade represents a 28.23 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold 4,111 shares of company stock worth $135,819 in the last 90 days. 3.40% of the stock is currently owned by company insiders.

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.