State Street Corp Has $3.33 Million Position in Timberland Bancorp, Inc. (NASDAQ:TSBK)

State Street Corp lifted its position in shares of Timberland Bancorp, Inc. (NASDAQ:TSBK) by 1.4% in the third quarter, HoldingsChannel reports. The fund owned 110,005 shares of the savings and loans company’s stock after buying an additional 1,489 shares during the period. State Street Corp’s holdings in Timberland Bancorp were worth $3,329,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Timberland Bancorp in the 3rd quarter valued at about $251,000. Hsbc Holdings PLC increased its holdings in Timberland Bancorp by 27.7% in the second quarter. Hsbc Holdings PLC now owns 13,661 shares of the savings and loans company’s stock valued at $361,000 after purchasing an additional 2,965 shares during the last quarter. Prospector Partners LLC acquired a new position in Timberland Bancorp in the third quarter valued at about $565,000. Panagora Asset Management Inc. boosted its holdings in Timberland Bancorp by 8.5% during the second quarter. Panagora Asset Management Inc. now owns 23,999 shares of the savings and loans company’s stock worth $650,000 after buying an additional 1,881 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Timberland Bancorp by 4.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 22,434 shares of the savings and loans company’s stock worth $679,000 after buying an additional 1,040 shares during the period. Institutional investors and hedge funds own 65.49% of the company’s stock.

Timberland Bancorp Stock Performance

Shares of TSBK stock opened at $30.36 on Tuesday. The stock has a 50-day moving average of $31.84 and a 200-day moving average of $29.92. Timberland Bancorp, Inc. has a one year low of $23.93 and a one year high of $33.98. The stock has a market cap of $241.91 million, a PE ratio of 10.12 and a beta of 0.67. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.97 and a quick ratio of 0.97.

Timberland Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were given a $0.25 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.29%. This is a boost from Timberland Bancorp’s previous quarterly dividend of $0.24. Timberland Bancorp’s dividend payout ratio is currently 33.33%.

Insider Buying and Selling at Timberland Bancorp

In other Timberland Bancorp news, COO Jonathan Arthur Fischer sold 2,044 shares of the stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $33.09, for a total transaction of $67,635.96. Following the completion of the transaction, the chief operating officer now owns 4,550 shares in the company, valued at approximately $150,559.50. This represents a 31.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last ninety days, insiders sold 4,111 shares of company stock valued at $135,819. Company insiders own 3.70% of the company’s stock.

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.