Bank of New York Mellon Corp Sells 4,857 Shares of Timberland Bancorp, Inc. (NASDAQ:TSBK)

Bank of New York Mellon Corp lessened its stake in shares of Timberland Bancorp, Inc. (NASDAQ:TSBKFree Report) by 10.7% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 40,648 shares of the savings and loans company’s stock after selling 4,857 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.50% of Timberland Bancorp worth $1,102,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. American International Group Inc. purchased a new stake in shares of Timberland Bancorp during the second quarter valued at approximately $93,000. Delta Asset Management LLC TN purchased a new stake in Timberland Bancorp in the second quarter worth $225,000. The Manufacturers Life Insurance Company lifted its stake in Timberland Bancorp by 1.4% in the second quarter. The Manufacturers Life Insurance Company now owns 403,836 shares of the savings and loans company’s stock worth $10,330,000 after acquiring an additional 5,671 shares during the period. EA Series Trust purchased a new stake in Timberland Bancorp in the second quarter worth $923,000. Finally, Barclays PLC lifted its stake in Timberland Bancorp by 796.8% in the fourth quarter. Barclays PLC now owns 3,928 shares of the savings and loans company’s stock worth $134,000 after acquiring an additional 3,490 shares during the period. Hedge funds and other institutional investors own 63.11% of the company’s stock.

Timberland Bancorp Stock Performance

Shares of TSBK stock opened at $26.72 on Friday. The stock has a fifty day moving average of $29.94 and a 200 day moving average of $29.18. Timberland Bancorp, Inc. has a 52 week low of $22.11 and a 52 week high of $35.50. The firm has a market capitalization of $216.70 million, a price-to-earnings ratio of 8.48 and a beta of 0.81. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.15.

Timberland Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Friday, February 9th will be given a dividend of $0.24 per share. The ex-dividend date is Thursday, February 8th. This represents a $0.96 annualized dividend and a yield of 3.59%. This is a positive change from Timberland Bancorp’s previous quarterly dividend of $0.23. Timberland Bancorp’s dividend payout ratio (DPR) is currently 29.21%.

Wall Street Analysts Forecast Growth

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

Read Our Latest Report on Timberland Bancorp

Timberland Bancorp Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Timberland Bancorp (NASDAQ:TSBK)

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