Renaissance Technologies LLC Lowers Holdings in Timberland Bancorp, Inc. (NASDAQ:TSBK)

Renaissance Technologies LLC lessened its stake in shares of Timberland Bancorp, Inc. (NASDAQ:TSBK) by 5.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 223,289 shares of the savings and loans company’s stock after selling 12,984 shares during the period. Renaissance Technologies LLC owned 2.80% of Timberland Bancorp worth $6,813,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new position in Timberland Bancorp in the fourth quarter worth about $101,000. Wells Fargo & Company MN grew its stake in Timberland Bancorp by 16.1% in the fourth quarter. Wells Fargo & Company MN now owns 6,959 shares of the savings and loans company’s stock worth $212,000 after purchasing an additional 964 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Timberland Bancorp by 55.2% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 12,897 shares of the savings and loans company’s stock valued at $393,000 after buying an additional 4,586 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Timberland Bancorp by 141.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 14,294 shares of the savings and loans company’s stock worth $433,000 after purchasing an additional 8,365 shares during the period. Finally, Barclays PLC boosted its position in Timberland Bancorp by 52.1% during the 3rd quarter. Barclays PLC now owns 19,643 shares of the savings and loans company’s stock valued at $595,000 after acquiring an additional 6,725 shares in the last quarter. 65.49% of the stock is owned by institutional investors.

Timberland Bancorp Stock Up 1.6 %

Shares of TSBK opened at $29.56 on Friday. The company has a market capitalization of $235.18 million, a price-to-earnings ratio of 9.57 and a beta of 0.46. Timberland Bancorp, Inc. has a 52 week low of $24.26 and a 52 week high of $33.98. The stock’s 50-day moving average price is $30.05 and its 200-day moving average price is $30.57. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.08.

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

Timberland Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.00 dividend on an annualized basis and a yield of 3.38%. Timberland Bancorp’s payout ratio is 32.36%.

Analyst Ratings Changes

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

About Timberland Bancorp

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.