Panagora Asset Management Inc. Buys 1,881 Shares of Timberland Bancorp, Inc. (NASDAQ:TSBK)

Panagora Asset Management Inc. grew its stake in Timberland Bancorp, Inc. (NASDAQ:TSBK) by 8.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,999 shares of the savings and loans company’s stock after acquiring an additional 1,881 shares during the quarter. Panagora Asset Management Inc. owned 0.30% of Timberland Bancorp worth $650,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. 180 Wealth Advisors LLC bought a new stake in Timberland Bancorp in the second quarter valued at approximately $272,000. Meeder Advisory Services Inc. bought a new stake in shares of Timberland Bancorp in the 1st quarter valued at $311,000. BNP Paribas Financial Markets raised its stake in Timberland Bancorp by 42.0% during the 4th quarter. BNP Paribas Financial Markets now owns 10,612 shares of the savings and loans company’s stock worth $334,000 after buying an additional 3,137 shares during the period. Quadrature Capital Ltd bought a new position in Timberland Bancorp during the fourth quarter worth about $575,000. Finally, Bank of New York Mellon Corp grew its stake in Timberland Bancorp by 11.3% in the second quarter. Bank of New York Mellon Corp now owns 25,778 shares of the savings and loans company’s stock valued at $698,000 after acquiring an additional 2,609 shares during the period. 65.49% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Andrea M. Clinton sold 1,000 shares of the business’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $31.37, for a total value of $31,370.00. Following the sale, the director now directly owns 7,565 shares in the company, valued at $237,314.05. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 3.40% of the company’s stock.

Timberland Bancorp Trading Up 2.0 %

NASDAQ TSBK opened at $31.23 on Tuesday. Timberland Bancorp, Inc. has a one year low of $23.93 and a one year high of $32.24. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.97 and a quick ratio of 0.97. The firm has a market cap of $250.56 million, a P/E ratio of 10.24 and a beta of 0.66. The stock’s 50-day moving average is $28.59 and its 200-day moving average is $26.75.

Timberland Bancorp (NASDAQ:TSBK) last announced its earnings results on Tuesday, July 23rd. The savings and loans company reported $0.74 EPS for the quarter. The firm had revenue of $18.77 million for the quarter. Timberland Bancorp had a net margin of 23.98% and a return on equity of 10.34%.

Timberland Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Friday, August 9th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 3.07%. The ex-dividend date of this dividend was Friday, August 9th. Timberland Bancorp’s payout ratio is presently 31.48%.

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.