Westport Asset Management Inc. Makes New $3.63 Million Investment in Timberland Bancorp, Inc. $TSBK

Westport Asset Management Inc. acquired a new stake in Timberland Bancorp, Inc. (NASDAQ:TSBK) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 80,909 shares of the savings and loans company’s stock, valued at approximately $3,626,000. Timberland Bancorp accounts for approximately 1.5% of Westport Asset Management Inc.’s investment portfolio, making the stock its 22nd biggest position.

Several other large investors have also recently made changes to their positions in the business. EverSource Wealth Advisors LLC raised its stake in shares of Timberland Bancorp by 20,325.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 817 shares of the savings and loans company’s stock worth $25,000 after purchasing an additional 813 shares during the period. Strs Ohio purchased a new position in shares of Timberland Bancorp in the 1st quarter worth about $33,000. Raymond James Financial Inc. bought a new position in Timberland Bancorp during the second quarter valued at about $62,000. Tower Research Capital LLC TRC grew its position in Timberland Bancorp by 610.2% during the second quarter. Tower Research Capital LLC TRC now owns 2,024 shares of the savings and loans company’s stock valued at $63,000 after buying an additional 1,739 shares during the period. Finally, BNP Paribas Financial Markets increased its holdings in Timberland Bancorp by 230.3% during the third quarter. BNP Paribas Financial Markets now owns 3,329 shares of the savings and loans company’s stock worth $111,000 after buying an additional 2,321 shares during the last quarter. 65.49% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director David Alan Smith sold 1,000 shares of the business’s stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of $43.90, for a total value of $43,900.00. Following the sale, the director directly owned 18,468 shares in the company, valued at approximately $810,745.20. The trade was a 5.14% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 3.60% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings lowered shares of Timberland Bancorp from a “buy (b+)” rating to a “buy (b)” rating in a research report on Monday. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy”.

Timberland Bancorp Price Performance

Timberland Bancorp stock opened at $46.01 on Thursday. The business’s 50 day simple moving average is $44.24 and its 200 day simple moving average is $41.41. Timberland Bancorp, Inc. has a 12 month low of $30.93 and a 12 month high of $49.38. The company has a market cap of $357.96 million, a price-to-earnings ratio of 11.53 and a beta of 0.31. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.04.

Timberland Bancorp (NASDAQ:TSBK) last released its earnings results on Wednesday, July 29th. The savings and loans company reported $0.98 earnings per share (EPS) for the quarter. The business had revenue of $21.10 million during the quarter. Timberland Bancorp had a return on equity of 11.72% and a net margin of 26.46%.

Timberland Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 24th. Stockholders of record on Monday, August 10th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Monday, August 10th. This is a positive change from Timberland Bancorp’s previous quarterly dividend of $0.29. Timberland Bancorp’s dividend payout ratio is currently 30.08%.

Timberland Bancorp Profile

Timberland Bancorp, Inc is the bank holding company for Timberland Bank, a Washington-chartered commercial bank serving individuals and businesses in southwestern Washington. The company conducts its operations through Timberland Bank, offering a range of community banking services tailored to local market needs. As a publicly traded company on the NASDAQ under the symbol TSBK, Timberland Bancorp focuses on delivering personalized financial solutions while maintaining a community-oriented approach.

Timberland Bank’s core products include deposit accounts such as checking, savings and money market accounts, certificates of deposit and retirement accounts.