Bank of America Corp DE grew its stake in Timberland Bancorp, Inc. (NASDAQ:TSBK) by 36.8% during the 4th quarter, HoldingsChannel reports. The fund owned 12,221 shares of the savings and loans company’s stock after purchasing an additional 3,289 shares during the quarter. Bank of America Corp DE’s holdings in Timberland Bancorp were worth $273,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in the business. BlackRock Inc. boosted its holdings in Timberland Bancorp by 5.7% in the fourth quarter. BlackRock Inc. now owns 425,663 shares of the savings and loans company’s stock worth $9,493,000 after acquiring an additional 23,024 shares in the last quarter. Vanguard Group Inc boosted its holdings in Timberland Bancorp by 0.9% in the third quarter. Vanguard Group Inc now owns 265,706 shares of the savings and loans company’s stock worth $8,300,000 after acquiring an additional 2,457 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Timberland Bancorp by 0.9% in the third quarter. Vanguard Group Inc. now owns 265,706 shares of the savings and loans company’s stock worth $8,300,000 after acquiring an additional 2,457 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Timberland Bancorp by 13.8% in the fourth quarter. Geode Capital Management LLC now owns 67,551 shares of the savings and loans company’s stock worth $1,505,000 after acquiring an additional 8,192 shares in the last quarter. Finally, Opus Capital Group LLC boosted its holdings in Timberland Bancorp by 2.1% in the fourth quarter. Opus Capital Group LLC now owns 54,542 shares of the savings and loans company’s stock worth $1,217,000 after acquiring an additional 1,133 shares in the last quarter. 54.37% of the stock is currently owned by institutional investors and hedge funds.
Separately, BidaskClub raised Timberland Bancorp from a “sell” rating to a “hold” rating in a report on Friday, March 1st.
Timberland Bancorp (NASDAQ:TSBK) last released its earnings results on Tuesday, April 30th. The savings and loans company reported $0.66 EPS for the quarter. The business had revenue of $16.67 million for the quarter. Timberland Bancorp had a return on equity of 14.20% and a net margin of 33.07%.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 29th. Stockholders of record on Wednesday, May 15th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date is Tuesday, May 14th.
In other news, SVP Marci A. Basich sold 1,031 shares of the company’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $30.15, for a total transaction of $31,084.65. Following the transaction, the senior vice president now directly owns 600 shares of the company’s stock, valued at $18,090. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 7.10% of the company’s stock.
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Timberland Bancorp Profile
Timberland Bancorp, Inc operates as the bank holding company for Timberland Bank that provides various banking services in Washington. It offers various deposit products, including money market deposit accounts, checking accounts, regular savings accounts, and certificates of deposit. The company also provides one-to four-family residential, multi-family, commercial real estate, construction, custom and owner/builder construction, speculative one- to four-family construction, commercial construction, multi-family construction, land development construction, and land loans.
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