TIAA CREF Investment Management LLC acquired a new position in 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 fund acquired 16,601 shares of the savings and loans company’s stock, valued at approximately $420,000. TIAA CREF Investment Management LLC owned about 0.23% of Timberland Bancorp at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Teachers Advisors LLC purchased a new position in Timberland Bancorp during the 2nd quarter valued at $284,000. Schwab Charles Investment Management Inc. purchased a new position in Timberland Bancorp during the 2nd quarter valued at $316,000. Bank of New York Mellon Corp boosted its holdings in Timberland Bancorp by 107.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 32,598 shares of the savings and loans company’s stock valued at $824,000 after acquiring an additional 16,855 shares during the period. Acadian Asset Management LLC boosted its holdings in Timberland Bancorp by 7.7% during the 2nd quarter. Acadian Asset Management LLC now owns 51,167 shares of the savings and loans company’s stock valued at $1,296,000 after acquiring an additional 3,670 shares during the period. Finally, LSV Asset Management boosted its holdings in Timberland Bancorp by 31.9% during the 2nd quarter. LSV Asset Management now owns 66,200 shares of the savings and loans company’s stock valued at $1,672,000 after acquiring an additional 16,008 shares during the period. 54.26% of the stock is currently owned by institutional investors and hedge funds.
Shares of Timberland Bancorp, Inc. (TSBK) traded down $0.11 during mid-day trading on Wednesday, hitting $27.31. The company’s stock had a trading volume of 8,564 shares, compared to its average volume of 23,774. Timberland Bancorp, Inc. has a twelve month low of $20.00 and a twelve month high of $32.10. The stock has a market cap of $205.82, a PE ratio of 14.64 and a beta of 0.37.
Timberland Bancorp (NASDAQ:TSBK) last issued its earnings results on Wednesday, November 1st. The savings and loans company reported $0.48 earnings per share for the quarter. Timberland Bancorp had a return on equity of 13.58% and a net margin of 27.94%. The business had revenue of $12.27 million during the quarter.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 30th. Investors of record on Thursday, November 16th were paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date was Wednesday, November 15th. Timberland Bancorp’s dividend payout ratio (DPR) is currently 23.04%.
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About Timberland Bancorp
Timberland Bancorp, Inc is the holding company for Timberland Savings Bank, SSB (the Bank). The Bank is a community-oriented bank, which offers a range of savings products to its retail customers while concentrating its lending activities on real estate mortgage loans and commercial business loans. The Bank offers personal banking solutions, business solutions, lending solutions and additional services.
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