Timberland Bancorp, Inc. (NASDAQ:TSBK) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company lowered its position in shares of Timberland Bancorp, Inc. (NASDAQ:TSBK) by 3.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 306,235 shares of the savings and loans company’s stock after selling 9,917 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 3.84% of Timberland Bancorp worth $9,267,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Timberland Bancorp in the 3rd quarter valued at $251,000. 180 Wealth Advisors LLC acquired a new stake in shares of Timberland Bancorp in the second quarter valued at about $272,000. Hsbc Holdings PLC lifted its stake in shares of 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 worth $361,000 after buying an additional 2,965 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in 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 during the last quarter. Finally, Panagora Asset Management Inc. grew its stake in Timberland Bancorp by 8.5% during 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 acquiring an additional 1,881 shares in the last quarter. Hedge funds and other institutional investors own 65.49% of the company’s stock.

Timberland Bancorp Stock Down 1.9 %

TSBK stock opened at $32.77 on Wednesday. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.08. The firm has a 50-day moving average of $30.95 and a two-hundred day moving average of $29.01. Timberland Bancorp, Inc. has a 12 month low of $23.93 and a 12 month high of $33.98. The company has a market cap of $261.18 million, a price-to-earnings ratio of 10.92 and a beta of 0.67.

Timberland Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were issued a $0.25 dividend. This is a boost from Timberland Bancorp’s previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a yield of 3.05%. The ex-dividend date was Friday, November 15th. Timberland Bancorp’s dividend payout ratio is presently 33.33%.

Insiders Place Their Bets

In related news, COO Jonathan Arthur Fischer sold 2,044 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $33.09, for a total value of $67,635.96. Following the completion of the transaction, the chief operating officer now directly owns 4,550 shares in the company, valued at approximately $150,559.50. This represents a 31.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders sold 4,111 shares of company stock valued at $135,819 in the last three months. 3.40% of the stock is currently owned by insiders.

Timberland Bancorp Company 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.