Timberland Bancorp (NASDAQ:TSBK) Now Covered by StockNews.com

StockNews.com started coverage on shares of Timberland Bancorp (NASDAQ:TSBK – Get Rating) in a report released on Thursday. The brokerage set a “hold” rating on the savings and loans company’s stock.

Timberland Bancorp Price Performance

Shares of TSBK opened at $23.19 on Thursday. The firm has a 50 day simple moving average of $26.38 and a two-hundred day simple moving average of $31.16. Timberland Bancorp has a one year low of $22.11 and a one year high of $35.62. The company has a market cap of $190.16 million, a P/E ratio of 7.16 and a beta of 0.93.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Bank of New York Mellon Corp grew its holdings in shares of Timberland Bancorp by 2.2% during the 1st quarter. Bank of New York Mellon Corp now owns 33,297 shares of the savings and loans company’s stock valued at $900,000 after purchasing an additional 705 shares during the last quarter. Acadian Asset Management LLC increased its holdings in shares of Timberland Bancorp by 156.7% during the first quarter. Acadian Asset Management LLC now owns 4,797 shares of the savings and loans company’s stock worth $128,000 after buying an additional 2,928 shares in the last quarter. State Street Corp increased its holdings in shares of Timberland Bancorp by 9.3% during the first quarter. State Street Corp now owns 25,846 shares of the savings and loans company’s stock worth $698,000 after buying an additional 2,205 shares in the last quarter. Keeley Teton Advisors LLC lifted its stake in shares of Timberland Bancorp by 21.4% in the 1st quarter. Keeley Teton Advisors LLC now owns 136,481 shares of the savings and loans company’s stock valued at $3,686,000 after acquiring an additional 24,036 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of Timberland Bancorp by 26.1% during the 1st quarter. The Manufacturers Life Insurance Company now owns 408,177 shares of the savings and loans company’s stock valued at $11,025,000 after acquiring an additional 84,471 shares in the last quarter. Institutional investors and hedge funds own 56.43% of the company’s stock.

About Timberland Bancorp

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Timberland Bancorp, Inc (Washington), is a holding company, which engages in the provision of community banking services. It offers mortgage loans, consumer loans, and commercial business loans. The company was founded on September 8, 1997 and is headquartered in Hoquiam, WA.