Insider Selling: Timberland Bancorp, Inc. (NASDAQ:TSBK) COO Sells $67,635.96 in Stock

Timberland Bancorp, Inc. (NASDAQ:TSBK) COO Jonathan Arthur Fischer sold 2,044 shares of Timberland Bancorp stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $33.09, for a total value of $67,635.96. Following the completion of the sale, the chief operating officer now owns 4,550 shares of the company’s stock, valued at $150,559.50. The trade was a 31.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Monday, November 25th, Jonathan Arthur Fischer sold 1,790 shares of Timberland Bancorp stock. The stock was sold at an average price of $33.02, for a total transaction of $59,105.80.

Timberland Bancorp Stock Performance

Shares of Timberland Bancorp stock opened at $33.05 on Thursday. The company has a market capitalization of $263.41 million, a PE ratio of 11.02 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 company has a 50-day simple moving average of $30.81 and a two-hundred day simple moving average of $28.79. Timberland Bancorp, Inc. has a one year low of $23.93 and a one year high of $33.98.

Timberland Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be issued a $0.25 dividend. The ex-dividend date is Friday, November 15th. This is an increase 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 payout ratio is currently 33.33%.

Hedge Funds Weigh In On Timberland Bancorp

A number of large investors have recently added to or reduced their stakes in TSBK. Connor Clark & Lunn Investment Management Ltd. bought a new position in Timberland Bancorp in the third quarter worth about $251,000. 180 Wealth Advisors LLC bought a new position in Timberland Bancorp in the second quarter worth about $272,000. Hsbc Holdings PLC increased its holdings in shares of Timberland Bancorp by 27.7% during the second 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 in the last quarter. Prospector Partners LLC acquired a new position in shares of Timberland Bancorp during the third quarter valued at about $565,000. Finally, Barclays PLC increased its holdings in shares of Timberland Bancorp by 52.1% during the third quarter. Barclays PLC now owns 19,643 shares of the savings and loans company’s stock valued at $595,000 after acquiring an additional 6,725 shares in the last quarter. 65.49% of the stock is currently owned by institutional investors.

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.