Delta Asset Management LLC TN Takes $225,000 Position in Timberland Bancorp, Inc. (NASDAQ:TSBK)

Delta Asset Management LLC TN bought a new position in shares of Timberland Bancorp, Inc. (NASDAQ:TSBK) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 8,800 shares of the savings and loans company’s stock, valued at approximately $225,000. Delta Asset Management LLC TN owned 0.11% of Timberland Bancorp at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Charles Schwab Investment Management Inc. purchased a new stake in shares of Timberland Bancorp in the second quarter worth $533,000. BNP Paribas Arbitrage SNC raised its holdings in shares of Timberland Bancorp by 287.3% in the 2nd quarter. BNP Paribas Arbitrage SNC now owns 2,653 shares of the savings and loans company’s stock valued at $68,000 after acquiring an additional 1,968 shares in the last quarter. American International Group Inc. bought a new stake in shares of Timberland Bancorp during the 2nd quarter valued at about $93,000. Barclays PLC grew its holdings in shares of Timberland Bancorp by 48.2% during the second quarter. Barclays PLC now owns 11,002 shares of the savings and loans company’s stock worth $281,000 after purchasing an additional 3,579 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Timberland Bancorp by 67.0% in the second quarter. Bank of New York Mellon Corp now owns 45,505 shares of the savings and loans company’s stock worth $1,164,000 after purchasing an additional 18,250 shares during the last quarter. 63.11% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Timberland Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, October 25th.

Insider Transactions at Timberland Bancorp

In other news, Director David Alan Smith sold 1,000 shares of the stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $27.85, for a total transaction of $27,850.00. Following the completion of the sale, the director now owns 16,523 shares of the company’s stock, valued at $460,165.55. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 5.60% of the company’s stock.

Timberland Bancorp Price Performance

Shares of NASDAQ TSBK traded up $0.09 during trading hours on Monday, reaching $29.69. 19,900 shares of the stock traded hands, compared to its average volume of 25,603. The company’s 50-day simple moving average is $28.12 and its two-hundred day simple moving average is $27.17. The company has a market capitalization of $240.49 million, a P/E ratio of 9.05 and a beta of 0.98. Timberland Bancorp, Inc. has a 52-week low of $22.11 and a 52-week high of $35.62. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.07.

Timberland Bancorp (NASDAQ:TSBK) last announced its quarterly earnings data on Monday, October 30th. The savings and loans company reported $0.81 earnings per share (EPS) for the quarter. Timberland Bancorp had a net margin of 29.77% and a return on equity of 11.96%.

Timberland Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 27th. Stockholders of record on Monday, November 13th will be paid a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, November 10th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.10%. Timberland Bancorp’s dividend payout ratio (DPR) is currently 28.05%.

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, commercial real estate, construction, custom and owner/builder construction, speculative one- to four-family construction, commercial construction, multi-family construction, land development construction, and land development loans.