Empowered Funds LLC Acquires 2,546 Shares of Timberland Bancorp, Inc. (NASDAQ:TSBK)

Empowered Funds LLC grew its holdings in Timberland Bancorp, Inc. (NASDAQ:TSBK) by 5.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 50,622 shares of the savings and loans company’s stock after acquiring an additional 2,546 shares during the period. Empowered Funds LLC owned 0.64% of Timberland Bancorp worth $1,532,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of TSBK. Hsbc Holdings PLC raised its holdings in Timberland Bancorp by 27.7% in the 2nd quarter. Hsbc Holdings PLC now owns 13,661 shares of the savings and loans company’s stock worth $361,000 after purchasing an additional 2,965 shares during the period. 180 Wealth Advisors LLC bought a new stake in Timberland Bancorp during the 2nd quarter worth approximately $272,000. Bank of New York Mellon Corp lifted its holdings in Timberland Bancorp by 11.3% during 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 purchasing an additional 2,609 shares in the last quarter. Panagora Asset Management Inc. boosted its position in shares of Timberland Bancorp by 8.5% in the second quarter. Panagora Asset Management Inc. now owns 23,999 shares of the savings and loans company’s stock worth $650,000 after purchasing an additional 1,881 shares during the period. Finally, Vanguard Group Inc. increased its stake in shares of Timberland Bancorp by 0.7% in the first quarter. Vanguard Group Inc. now owns 408,069 shares of the savings and loans company’s stock worth $10,985,000 after purchasing an additional 2,949 shares in the last quarter. Hedge funds and other institutional investors own 65.49% of the company’s stock.

Timberland Bancorp Stock Up 2.1 %

TSBK opened at $33.05 on Friday. The stock has a market cap of $263.41 million, a price-to-earnings ratio of 10.79 and a beta of 0.66. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.97 and a current ratio of 0.97. The firm’s fifty day moving average is $30.52 and its 200 day moving average is $28.54. Timberland Bancorp, Inc. has a fifty-two week low of $23.93 and a fifty-two week high of $33.98.

Timberland Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, November 15th. This is a positive change from Timberland Bancorp’s previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a yield of 3.03%. Timberland Bancorp’s dividend payout ratio is presently 33.33%.

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.