Bank of New York Mellon Corp Sells 2,892 Shares of Timberland Bancorp, Inc. (NASDAQ:TSBK)

Bank of New York Mellon Corp trimmed its position in Timberland Bancorp, Inc. (NASDAQ:TSBK) by 14.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,826 shares of the savings and loans company’s stock after selling 2,892 shares during the quarter. Bank of New York Mellon Corp’s holdings in Timberland Bancorp were worth $513,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. State Street Corp lifted its position in Timberland Bancorp by 1.4% during the 3rd quarter. State Street Corp now owns 110,005 shares of the savings and loans company’s stock worth $3,329,000 after acquiring an additional 1,489 shares during the last quarter. De Lisle Partners LLP grew its holdings in Timberland Bancorp by 34.3% in the 3rd quarter. De Lisle Partners LLP now owns 53,633 shares of the savings and loans company’s stock valued at $1,619,000 after buying an additional 13,698 shares during the last quarter. Empowered Funds LLC increased its position in Timberland Bancorp by 1.9% in the 4th quarter. Empowered Funds LLC now owns 51,572 shares of the savings and loans company’s stock worth $1,573,000 after buying an additional 950 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Timberland Bancorp by 4.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 22,434 shares of the savings and loans company’s stock worth $679,000 after acquiring an additional 1,040 shares during the last quarter. Finally, Barclays PLC increased its position in Timberland Bancorp by 52.1% during the third quarter. Barclays PLC now owns 19,643 shares of the savings and loans company’s stock worth $595,000 after acquiring an additional 6,725 shares during the period. 65.49% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Timberland Bancorp Price Performance

Shares of TSBK stock opened at $30.97 on Friday. The stock has a 50 day moving average of $30.29 and a two-hundred day moving average of $30.66. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $246.40 million, a P/E ratio of 10.02 and a beta of 0.59. Timberland Bancorp, Inc. has a 12 month low of $23.93 and a 12 month high of $33.98.

Timberland Bancorp (NASDAQ:TSBK) last announced its quarterly earnings results on Monday, January 27th. The savings and loans company reported $0.86 earnings per share (EPS) 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 business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.23%. Timberland Bancorp’s payout ratio is presently 32.36%.

About Timberland Bancorp

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.