Timberland Bancorp, Inc. (NASDAQ:TSBK) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company lowered its stake in shares of Timberland Bancorp, Inc. (NASDAQ:TSBK) by 3.1% in the third quarter, HoldingsChannel.com reports. The firm owned 306,235 shares of the savings and loans company’s stock after selling 9,917 shares during the period. The Manufacturers Life Insurance Company’s holdings in Timberland Bancorp were worth $9,267,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Timberland Bancorp during the third quarter worth $251,000. 180 Wealth Advisors LLC acquired a new position in Timberland Bancorp during the 2nd quarter worth about $272,000. Hsbc Holdings PLC boosted its holdings in Timberland Bancorp by 27.7% during the 2nd quarter. Hsbc Holdings PLC now owns 13,661 shares of the savings and loans company’s stock valued at $361,000 after acquiring an additional 2,965 shares during the period. Panagora Asset Management Inc. boosted its holdings in Timberland Bancorp by 8.5% during the 2nd quarter. Panagora Asset Management Inc. now owns 23,999 shares of the savings and loans company’s stock valued at $650,000 after acquiring an additional 1,881 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in Timberland Bancorp by 4.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 22,434 shares of the savings and loans company’s stock valued at $679,000 after acquiring an additional 1,040 shares in the last quarter. Institutional investors and hedge funds own 65.49% of the company’s stock.

Insiders Place Their Bets

In related news, COO Jonathan Arthur Fischer sold 1,790 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $33.02, for a total value of $59,105.80. Following the sale, the chief operating officer now owns 4,550 shares of the company’s stock, valued at $150,241. This trade represents a 28.23 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 4,111 shares of company stock worth $135,819 over the last 90 days. Corporate insiders own 3.40% of the company’s stock.

Timberland Bancorp Stock Down 1.9 %

Shares of TSBK opened at $32.77 on Wednesday. The company’s 50-day simple moving average is $30.95 and its 200-day simple moving average is $29.01. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.97 and a current ratio of 0.97. Timberland Bancorp, Inc. has a 1 year low of $23.93 and a 1 year high of $33.98. The stock has a market capitalization of $261.18 million, a PE ratio of 10.92 and a beta of 0.67.

Timberland Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.05%. The ex-dividend date was Friday, November 15th. This is a boost from Timberland Bancorp’s previous quarterly dividend of $0.24. Timberland Bancorp’s dividend payout ratio (DPR) is currently 33.33%.

Timberland Bancorp Company 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.