Kiley Juergens Wealth Management LLC Sells 438 Shares of Timberland Bancorp, Inc. (NASDAQ:TSBK)

Kiley Juergens Wealth Management LLC trimmed its holdings in shares of Timberland Bancorp, Inc. (NASDAQ:TSBK) by 0.4% in the 1st quarter, Holdings Channel reports. The firm owned 120,798 shares of the savings and loans company’s stock after selling 438 shares during the quarter. Timberland Bancorp accounts for 1.0% of Kiley Juergens Wealth Management LLC’s holdings, making the stock its 25th biggest holding. Kiley Juergens Wealth Management LLC’s holdings in Timberland Bancorp were worth $3,642,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Northern Trust Corp increased its stake in shares of Timberland Bancorp by 3.0% during the fourth quarter. Northern Trust Corp now owns 71,632 shares of the savings and loans company’s stock valued at $2,185,000 after buying an additional 2,066 shares during the period. Bank of America Corp DE increased its stake in shares of Timberland Bancorp by 14.3% during the fourth quarter. Bank of America Corp DE now owns 17,767 shares of the savings and loans company’s stock valued at $542,000 after buying an additional 2,220 shares during the period. Kennedy Capital Management LLC increased its stake in shares of Timberland Bancorp by 35.2% during the fourth quarter. Kennedy Capital Management LLC now owns 57,124 shares of the savings and loans company’s stock valued at $1,743,000 after buying an additional 14,875 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Timberland Bancorp by 91.5% during the fourth quarter. JPMorgan Chase & Co. now owns 27,366 shares of the savings and loans company’s stock valued at $835,000 after buying an additional 13,072 shares during the period. Finally, Deutsche Bank AG purchased a new position in shares of Timberland Bancorp during the fourth quarter valued at $76,000. 65.49% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered Timberland Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, May 21st.

Timberland Bancorp Price Performance

TSBK opened at $30.05 on Wednesday. The firm has a market capitalization of $237.40 million, a PE ratio of 9.27 and a beta of 0.47. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.99 and a quick ratio of 0.99. The business’s 50-day moving average is $30.46 and its two-hundred day moving average is $30.49. Timberland Bancorp, Inc. has a 1 year low of $24.81 and a 1 year high of $33.98.

Timberland Bancorp (NASDAQ:TSBK) last announced its earnings results on Tuesday, April 22nd. The savings and loans company reported $0.85 EPS for the quarter. The business had revenue of $19.90 million during the quarter. Timberland Bancorp had a net margin of 23.45% and a return on equity of 10.48%.

Timberland Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 9th were issued a $0.26 dividend. The ex-dividend date was Friday, May 9th. This is an increase from Timberland Bancorp’s previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a yield of 3.46%. Timberland Bancorp’s payout ratio is currently 32.10%.

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.