Royce & Associates LP Has $7.07 Million Stock Position in Timberland Bancorp, Inc. (NASDAQ:TSBK)

Royce & Associates LP cut its stake in shares of Timberland Bancorp, Inc. (NASDAQ:TSBK) by 5.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 231,840 shares of the savings and loans company’s stock after selling 13,246 shares during the quarter. Royce & Associates LP’s holdings in Timberland Bancorp were worth $7,073,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Empowered Funds LLC grew its position in Timberland Bancorp by 1.9% during the 4th quarter. Empowered Funds LLC now owns 51,572 shares of the savings and loans company’s stock worth $1,573,000 after acquiring an additional 950 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of 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 purchasing an additional 1,040 shares during the last quarter. State Street Corp increased its stake in shares of Timberland Bancorp by 1.4% in the third quarter. State Street Corp now owns 110,005 shares of the savings and loans company’s stock valued at $3,329,000 after buying an additional 1,489 shares during the period. SG Americas Securities LLC bought a new position in Timberland Bancorp in the 4th quarter valued at approximately $101,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its position in Timberland Bancorp by 55.2% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 12,897 shares of the savings and loans company’s stock worth $393,000 after buying an additional 4,586 shares during the period. 65.49% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Timberland Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, February 21st.

Timberland Bancorp Stock Up 0.9 %

Shares of TSBK opened at $30.10 on Wednesday. The stock’s 50-day moving average price is $30.11 and its two-hundred day moving average price is $30.66. Timberland Bancorp, Inc. has a 12 month low of $23.93 and a 12 month high of $33.98. The company has a market capitalization of $239.48 million, a PE ratio of 9.74 and a beta of 0.59. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.08.

Timberland Bancorp (NASDAQ:TSBK) last posted its quarterly earnings data on Monday, January 27th. The savings and loans company reported $0.86 EPS for the quarter. Timberland Bancorp had a return on equity of 10.20% and a net margin of 22.88%.

Timberland Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.32%. The ex-dividend date was Friday, February 14th. Timberland Bancorp’s dividend payout ratio is currently 32.36%.

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, 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.