Insider Selling: Timberland Bancorp, Inc. (NASDAQ:TSBK) COO Sells 1,790 Shares of Stock

Timberland Bancorp, Inc. (NASDAQ:TSBK) COO Jonathan Arthur Fischer sold 1,790 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $33.02, for a total value of $59,105.80. Following the completion of the sale, the chief operating officer now owns 4,550 shares in the company, valued at approximately $150,241. This trade represents a 28.23 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Jonathan Arthur Fischer also recently made the following trade(s):

• On Friday, November 22nd, Jonathan Arthur Fischer sold 2,044 shares of Timberland Bancorp stock. The shares were sold at an average price of $33.09, for a total value of $67,635.96.

Timberland Bancorp Stock Up 1.0 %

NASDAQ:TSBK traded up $0.32 during trading hours on Monday, reaching $33.32. 15,031 shares of the stock were exchanged, compared to its average volume of 13,382. The stock has a market cap of $265.43 million, a PE ratio of 11.11 and a beta of 0.66. Timberland Bancorp, Inc. has a twelve month low of $23.93 and a twelve month high of $33.98. The firm has a 50 day moving average of $30.66 and a 200 day moving average of $28.66. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.97 and a quick ratio of 0.97.

Timberland Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be given a $0.25 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.00 dividend on an annualized basis and a yield of 3.00%. This is an increase from Timberland Bancorp’s previous quarterly dividend of $0.24. Timberland Bancorp’s dividend payout ratio (DPR) is 33.33%.

Hedge Funds Weigh In On Timberland Bancorp

A number of large investors have recently modified their holdings of the business. Charles Schwab Investment Management Inc. raised its holdings in Timberland Bancorp by 4.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 22,434 shares of the savings and loans company’s stock worth $679,000 after acquiring an additional 1,040 shares in the last quarter. State Street Corp raised its stake in shares of Timberland Bancorp by 1.4% during the 3rd quarter. State Street Corp now owns 110,005 shares of the savings and loans company’s stock worth $3,329,000 after purchasing an additional 1,489 shares in the last quarter. Panagora Asset Management Inc. boosted its holdings in shares of Timberland Bancorp by 8.5% in 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 buying an additional 1,881 shares during the last quarter. Empowered Funds LLC boosted its holdings in shares of Timberland Bancorp by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 50,622 shares of the savings and loans company’s stock valued at $1,532,000 after buying an additional 2,546 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of 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 buying an additional 2,609 shares in the last quarter. 65.49% of the stock is currently owned by institutional investors and hedge funds.

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.