Prospector Partners LLC Makes New Investment in Timberland Bancorp, Inc. (NASDAQ:TSBK)

Prospector Partners LLC purchased a new stake in Timberland Bancorp, Inc. (NASDAQ:TSBK) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 18,672 shares of the savings and loans company’s stock, valued at approximately $565,000. Prospector Partners LLC owned 0.23% of Timberland Bancorp as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Timberland Bancorp during the 3rd quarter worth about $251,000. 180 Wealth Advisors LLC bought a new position in Timberland Bancorp in the second quarter worth approximately $272,000. Hsbc Holdings PLC grew its stake in Timberland Bancorp by 27.7% in 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 during the period. Panagora Asset Management Inc. grew its stake in 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 valued at $650,000 after acquiring an additional 1,881 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of 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 valued at $679,000 after acquiring an additional 1,040 shares in the last quarter. 65.49% of the stock is currently owned by institutional investors.

Insider Activity

In other news, COO Jonathan Arthur Fischer sold 1,790 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was 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 directly owns 4,550 shares of the company’s stock, valued at $150,241. This represents a 28.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold 4,111 shares of company stock worth $135,819 over the last three months. 3.40% of the stock is currently owned by insiders.

Timberland Bancorp Price Performance

Shares of TSBK opened at $33.32 on Tuesday. The business’s fifty day moving average is $30.72 and its 200 day moving average is $28.71. Timberland Bancorp, Inc. has a 12-month low of $23.93 and a 12-month high of $33.98. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.08. The stock has a market cap of $265.43 million, a P/E ratio of 11.11 and a beta of 0.66.

Timberland Bancorp Increases Dividend

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

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.