Bank of New York Mellon Corp Increases Holdings in Timberland Bancorp, Inc. (NASDAQ:TSBK)

Bank of New York Mellon Corp increased its position in Timberland Bancorp, Inc. (NASDAQ:TSBK) by 11.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 25,778 shares of the savings and loans company’s stock after acquiring an additional 2,609 shares during the period. Bank of New York Mellon Corp owned about 0.32% of Timberland Bancorp worth $698,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of TSBK. 180 Wealth Advisors LLC purchased a new stake in shares of Timberland Bancorp during the 2nd quarter valued at about $272,000. Vanguard Group Inc. raised its position in Timberland Bancorp by 0.7% in the first quarter. Vanguard Group Inc. now owns 408,069 shares of the savings and loans company’s stock worth $10,985,000 after acquiring an additional 2,949 shares during the period. Meeder Advisory Services Inc. purchased a new position in shares of Timberland Bancorp during the 1st quarter worth $311,000. Empowered Funds LLC grew its position in shares of Timberland Bancorp by 8.1% during the 1st quarter. Empowered Funds LLC now owns 46,565 shares of the savings and loans company’s stock valued at $1,254,000 after acquiring an additional 3,500 shares during the period. Finally, BNP Paribas Financial Markets raised its holdings in Timberland Bancorp by 48.0% in the 1st quarter. BNP Paribas Financial Markets now owns 15,703 shares of the savings and loans company’s stock worth $423,000 after purchasing an additional 5,091 shares during the period. Hedge funds and other institutional investors own 65.49% of the company’s stock.

Timberland Bancorp Stock Performance

NASDAQ:TSBK opened at $31.49 on Monday. The stock has a 50-day simple moving average of $29.69 and a two-hundred day simple moving average of $27.09. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.97 and a current ratio of 0.97. Timberland Bancorp, Inc. has a 52-week low of $23.93 and a 52-week high of $32.24. The firm has a market capitalization of $252.64 million, a PE ratio of 10.32 and a beta of 0.65.

Timberland Bancorp (NASDAQ:TSBK) last released its earnings results on Tuesday, July 23rd. The savings and loans company reported $0.74 earnings per share (EPS) for the quarter. The company had revenue of $18.77 million during the quarter. Timberland Bancorp had a net margin of 23.98% and a return on equity of 10.34%.

Timberland Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, August 9th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date was Friday, August 9th. Timberland Bancorp’s payout ratio is 31.48%.

Insider Transactions at Timberland Bancorp

In other news, Director Andrea M. Clinton sold 1,000 shares of the company’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $31.37, for a total transaction of $31,370.00. Following the sale, the director now directly owns 7,565 shares in the company, valued at approximately $237,314.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 3.40% 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.