Meeder Advisory Services Inc. Sells 650 Shares of Timberland Bancorp, Inc. (NASDAQ:TSBK)

Meeder Advisory Services Inc. reduced its holdings in shares of Timberland Bancorp, Inc. (NASDAQ:TSBK) by 5.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,912 shares of the savings and loans company’s stock after selling 650 shares during the period. Meeder Advisory Services Inc. owned about 0.14% of Timberland Bancorp worth $296,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in TSBK. Quadrature Capital Ltd purchased a new stake in shares of Timberland Bancorp in the 4th quarter valued at $575,000. 180 Wealth Advisors LLC purchased a new stake in Timberland Bancorp during the second quarter valued at about $272,000. BNP Paribas Financial Markets grew its stake in shares of Timberland Bancorp by 48.0% during the first quarter. BNP Paribas Financial Markets now owns 15,703 shares of the savings and loans company’s stock valued at $423,000 after buying an additional 5,091 shares during the last quarter. Panagora Asset Management Inc. increased its holdings in shares of Timberland Bancorp by 30.8% in the fourth quarter. Panagora Asset Management Inc. now owns 16,884 shares of the savings and loans company’s stock worth $531,000 after buying an additional 3,971 shares during the period. Finally, Empowered Funds LLC lifted its stake in shares of Timberland Bancorp by 8.1% in the 1st quarter. Empowered Funds LLC now owns 46,565 shares of the savings and loans company’s stock valued at $1,254,000 after acquiring an additional 3,500 shares during the last quarter. 65.49% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Andrea M. Clinton sold 1,000 shares of the firm’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 of the company’s stock, valued at $237,314.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.40% of the company’s stock.

Timberland Bancorp Trading Up 3.2 %

Shares of TSBK stock opened at $30.03 on Monday. 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 business has a 50-day moving average of $29.24 and a 200 day moving average of $26.92. The stock has a market capitalization of $240.93 million, a PE ratio of 9.85 and a beta of 0.65. Timberland Bancorp, Inc. has a 1-year low of $23.93 and a 1-year high of $32.24.

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

Timberland Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, August 9th were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date was Friday, August 9th. Timberland Bancorp’s payout ratio is 31.48%.

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.