ValuEngine lowered shares of Timberland Bancorp (NASDAQ:TSBK) from a buy rating to a hold rating in a research note issued to investors on Wednesday, August 29th.

Separately, BidaskClub cut shares of Timberland Bancorp from a strong-buy rating to a buy rating in a report on Tuesday, June 12th.

NASDAQ TSBK traded up $0.02 on Wednesday, reaching $33.03. The company had a trading volume of 5,854 shares, compared to its average volume of 7,651. The firm has a market cap of $243.84 million, a PE ratio of 15.55 and a beta of 0.16. Timberland Bancorp has a 1-year low of $25.50 and a 1-year high of $39.45.

Timberland Bancorp (NASDAQ:TSBK) last posted its quarterly earnings data on Tuesday, July 24th. The savings and loans company reported $0.59 EPS for the quarter. Timberland Bancorp had a net margin of 30.03% and a return on equity of 13.72%. The company had revenue of $12.87 million during the quarter.

The business also recently declared a quarterly dividend, which was paid on Friday, August 24th. Shareholders of record on Friday, August 10th were issued a $0.13 dividend. The ex-dividend date of this dividend was Thursday, August 9th. This represents a $0.52 annualized dividend and a yield of 1.57%.

A number of institutional investors have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio raised its holdings in Timberland Bancorp by 43.6% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 26,192 shares of the savings and loans company’s stock valued at $978,000 after acquiring an additional 7,955 shares during the period. Renaissance Technologies LLC increased its holdings in shares of Timberland Bancorp by 8.8% during the second quarter. Renaissance Technologies LLC now owns 378,100 shares of the savings and loans company’s stock worth $14,118,000 after purchasing an additional 30,600 shares during the period. FMR LLC increased its holdings in shares of Timberland Bancorp by 60.7% during the second quarter. FMR LLC now owns 129,925 shares of the savings and loans company’s stock worth $4,851,000 after purchasing an additional 49,098 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Timberland Bancorp by 0.7% during the second quarter. Dimensional Fund Advisors LP now owns 611,001 shares of the savings and loans company’s stock worth $22,815,000 after purchasing an additional 4,426 shares during the period. Finally, BlackRock Inc. increased its holdings in shares of Timberland Bancorp by 8.3% during the second quarter. BlackRock Inc. now owns 401,019 shares of the savings and loans company’s stock worth $14,974,000 after purchasing an additional 30,633 shares during the period. 58.58% of the stock is currently owned by hedge funds and other institutional investors.

About Timberland Bancorp

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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