Timberland Bancorp, Inc. (NASDAQ:TSBK) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC trimmed its position in shares of Timberland Bancorp, Inc. (NASDAQ:TSBK) by 5.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 223,289 shares of the savings and loans company’s stock after selling 12,984 shares during the quarter. Renaissance Technologies LLC’s holdings in Timberland Bancorp were worth $6,813,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. SG Americas Securities LLC purchased a new position in shares of Timberland Bancorp in the 4th quarter valued at about $101,000. Wells Fargo & Company MN boosted its stake in Timberland Bancorp by 16.1% in the fourth quarter. Wells Fargo & Company MN now owns 6,959 shares of the savings and loans company’s stock valued at $212,000 after acquiring an additional 964 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in Timberland Bancorp by 55.2% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 12,897 shares of the savings and loans company’s stock worth $393,000 after buying an additional 4,586 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Timberland Bancorp by 141.1% in the third quarter. JPMorgan Chase & Co. now owns 14,294 shares of the savings and loans company’s stock valued at $433,000 after buying an additional 8,365 shares during the last quarter. Finally, Barclays PLC increased its holdings in shares of 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 purchasing an additional 6,725 shares during the period. 65.49% of the stock is owned by hedge funds and other institutional investors.

Timberland Bancorp Stock Performance

Shares of TSBK stock opened at $29.56 on Friday. The stock has a market cap of $235.18 million, a PE ratio of 9.57 and a beta of 0.46. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.98 and a current ratio of 0.98. Timberland Bancorp, Inc. has a 1 year low of $24.26 and a 1 year high of $33.98. The stock has a fifty day moving average price of $30.05 and a 200 day moving average price of $30.57.

Timberland Bancorp (NASDAQ:TSBK) last posted its 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 return on equity of 10.20% and a net margin of 22.88%.

Timberland Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a $0.25 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.00 annualized dividend and a yield of 3.38%. Timberland Bancorp’s dividend payout ratio (DPR) is presently 32.36%.

Analyst Ratings Changes

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

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.