Geode Capital Management LLC Sells 4,476 Shares of Timberland Bancorp, Inc. (NASDAQ:TSBK)

Geode Capital Management LLC lessened its holdings in shares of Timberland Bancorp, Inc. (NASDAQ:TSBK) by 2.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 168,378 shares of the savings and loans company’s stock after selling 4,476 shares during the period. Geode Capital Management LLC’s holdings in Timberland Bancorp were worth $5,096,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the business. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Timberland Bancorp during the 3rd quarter worth about $251,000. Hsbc Holdings PLC raised its position in shares of Timberland Bancorp by 27.7% during the second quarter. Hsbc Holdings PLC now owns 13,661 shares of the savings and loans company’s stock worth $361,000 after acquiring an additional 2,965 shares during the last quarter. Prospector Partners LLC acquired a new position in shares of Timberland Bancorp in the third quarter worth approximately $565,000. Barclays PLC boosted its holdings in Timberland Bancorp by 52.1% in the third 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. Finally, Charles Schwab Investment Management Inc. increased its position in Timberland Bancorp by 4.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 22,434 shares of the savings and loans company’s stock valued at $679,000 after purchasing an additional 1,040 shares during the period. Institutional investors own 65.49% of the company’s stock.

Insiders Place Their Bets

In other Timberland Bancorp news, COO Jonathan Arthur Fischer sold 1,790 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $33.02, for a total transaction of $59,105.80. Following the transaction, the chief operating officer now directly owns 4,550 shares in the company, valued at approximately $150,241. This represents a 28.23 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In the last ninety days, insiders sold 4,111 shares of company stock worth $135,819. Company insiders own 3.70% of the company’s stock.

Timberland Bancorp Stock Up 0.8 %

Shares of NASDAQ TSBK opened at $29.98 on Friday. The company’s 50 day moving average price is $31.88 and its 200-day moving average price is $29.99. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.97 and a current ratio of 0.97. Timberland Bancorp, Inc. has a 52-week low of $23.93 and a 52-week high of $33.98. The company has a market capitalization of $238.88 million, a P/E ratio of 9.99 and a beta of 0.68.

Timberland Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were given a dividend of $0.25 per share. The ex-dividend date was Friday, November 15th. This represents a $1.00 dividend on an annualized basis and a yield of 3.34%. This is a boost from Timberland Bancorp’s previous quarterly dividend of $0.24. Timberland Bancorp’s dividend payout ratio is 33.33%.

Timberland Bancorp 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.