BlackRock Inc. Buys 30,633 Shares of Timberland Bancorp, Inc. (TSBK)

BlackRock Inc. raised its stake in shares of Timberland Bancorp, Inc. (NASDAQ:TSBK) by 8.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 401,019 shares of the savings and loans company’s stock after purchasing an additional 30,633 shares during the quarter. BlackRock Inc. owned 5.42% of Timberland Bancorp worth $14,974,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Rhumbline Advisers acquired a new stake in Timberland Bancorp during the second quarter valued at approximately $232,000. Schwab Charles Investment Management Inc. boosted its holdings in Timberland Bancorp by 51.2% during the first quarter. Schwab Charles Investment Management Inc. now owns 20,876 shares of the savings and loans company’s stock valued at $635,000 after purchasing an additional 7,071 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Timberland Bancorp by 0.8% during the first quarter. Dimensional Fund Advisors LP now owns 606,575 shares of the savings and loans company’s stock valued at $18,440,000 after purchasing an additional 4,625 shares in the last quarter. First Trust Advisors LP boosted its holdings in Timberland Bancorp by 19.9% during the second quarter. First Trust Advisors LP now owns 17,403 shares of the savings and loans company’s stock valued at $650,000 after purchasing an additional 2,893 shares in the last quarter. Finally, Strs Ohio boosted its holdings in Timberland Bancorp by 9.6% during the second quarter. Strs Ohio now owns 18,300 shares of the savings and loans company’s stock valued at $683,000 after purchasing an additional 1,600 shares in the last quarter. 58.27% of the stock is currently owned by institutional investors.

A number of research firms have weighed in on TSBK. BidaskClub downgraded Timberland Bancorp from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 10th. ValuEngine downgraded Timberland Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, August 29th.



Shares of TSBK opened at $28.18 on Tuesday. The company has a market capitalization of $207.23 million, a PE ratio of 13.22 and a beta of 0.20. Timberland Bancorp, Inc. has a one year low of $25.50 and a one year high of $39.45.

Timberland Bancorp Profile

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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Institutional Ownership by Quarter for Timberland Bancorp (NASDAQ:TSBK)

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