Timberland Bancorp, Inc. (NASDAQ:TSBK) Shares Sold by M3F Inc.

M3F Inc. cut its position in Timberland Bancorp, Inc. (NASDAQ:TSBK) by 12.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 186,589 shares of the savings and loans company’s stock after selling 26,527 shares during the period. Timberland Bancorp makes up 1.6% of M3F Inc.’s holdings, making the stock its 15th largest position. M3F Inc.’s holdings in Timberland Bancorp were worth $5,693,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. JPMorgan Chase & Co. increased its holdings in 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 buying an additional 8,365 shares during the period. Barclays PLC boosted its holdings in shares of Timberland Bancorp by 52.1% in 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 during the last quarter. State Street Corp lifted its position in Timberland Bancorp by 1.4% during 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 purchasing an additional 1,489 shares during the period. SG Americas Securities LLC acquired a new stake in Timberland Bancorp during the 4th quarter worth about $101,000. Finally, Kennedy Capital Management LLC raised its stake in shares of Timberland Bancorp by 35.2% during the 4th quarter. Kennedy Capital Management LLC now owns 57,124 shares of the savings and loans company’s stock valued at $1,743,000 after buying an additional 14,875 shares during the last quarter. 65.49% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Timberland Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, February 21st.

Timberland Bancorp Price Performance

Shares of NASDAQ TSBK opened at $29.56 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.98 and a quick ratio of 0.98. The firm’s 50 day simple moving average is $30.05 and its 200-day simple moving average is $30.58. Timberland Bancorp, Inc. has a 12 month low of $24.26 and a 12 month high of $33.98. The stock has a market capitalization of $235.18 million, a price-to-earnings ratio of 9.57 and a beta of 0.46.

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

Timberland Bancorp Dividend Announcement

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

Timberland Bancorp Company 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.