Timberland Bancorp (TSBK) Hits New 12-Month Low at $26.16

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Timberland Bancorp, Inc. (NASDAQ:TSBK)’s share price reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $26.16 and last traded at $26.18, with a volume of 409 shares changing hands. The stock had previously closed at $26.71.

Several equities analysts recently issued reports on the company. BidaskClub downgraded Timberland Bancorp from a “sell” rating to a “strong sell” rating in a research report on Saturday, September 8th. ValuEngine downgraded Timberland Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, August 29th.

The stock has a market capitalization of $194.51 million, a price-to-earnings ratio of 11.79 and a beta of 0.35.

Timberland Bancorp (NASDAQ:TSBK) last announced its quarterly earnings results on Thursday, November 1st. The savings and loans company reported $0.59 earnings per share for the quarter. The company had revenue of $13.45 million for the quarter. Timberland Bancorp had a return on equity of 14.22% and a net margin of 30.75%.

The business also recently declared a quarterly dividend, which was paid on Friday, November 30th. Shareholders of record on Friday, November 16th were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 2.05%. The ex-dividend date of this dividend was Thursday, November 15th.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Strs Ohio grew its position in Timberland Bancorp by 9.6% during the 2nd quarter. Strs Ohio now owns 18,300 shares of the savings and loans company’s stock worth $683,000 after purchasing an additional 1,600 shares during the period. Vanguard Group Inc. grew its position in Timberland Bancorp by 0.9% during the 3rd quarter. Vanguard Group Inc. now owns 265,706 shares of the savings and loans company’s stock worth $8,300,000 after purchasing an additional 2,457 shares during the period. First Trust Advisors LP grew its position in Timberland Bancorp by 19.9% during the 2nd quarter. First Trust Advisors LP now owns 17,403 shares of the savings and loans company’s stock worth $650,000 after purchasing an additional 2,893 shares during the period. JPMorgan Chase & Co. grew its position in Timberland Bancorp by 63.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 8,268 shares of the savings and loans company’s stock worth $258,000 after purchasing an additional 3,217 shares during the period. Finally, Renaissance Technologies LLC grew its position in Timberland Bancorp by 1.0% during the 3rd quarter. Renaissance Technologies LLC now owns 381,900 shares of the savings and loans company’s stock worth $11,931,000 after purchasing an additional 3,800 shares during the period. 58.27% of the stock is currently owned by institutional investors.

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Timberland Bancorp Company Profile (NASDAQ:TSBK)

Timberland Bancorp, Inc operates as the bank holding company for Timberland Bank that provides various banking services in Washington. It offers various deposit products, including money market deposit accounts, checking accounts, regular savings accounts, and certificates of deposit. The company also provides one-to four-family residential, multi-family, commercial real estate, construction, custom and owner/builder construction, speculative one- to four-family construction, commercial construction, multi-family construction, land development construction, and land loans.

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