Timberland Bancorp, Inc. (NASDAQ:TSBK) Director Andrea M. Clinton Sells 1,000 Shares

Timberland Bancorp, Inc. (NASDAQ:TSBKGet Rating) Director Andrea M. Clinton sold 1,000 shares of Timberland Bancorp stock in a transaction that occurred on Tuesday, November 22nd. The stock was sold at an average price of $34.83, for a total value of $34,830.00. Following the sale, the director now directly owns 6,965 shares in the company, valued at approximately $242,590.95. The sale was disclosed in a document filed with the SEC, which is available at this link.

Timberland Bancorp Stock Performance

Shares of TSBK stock remained flat at $34.90 during mid-day trading on Thursday. 9,860 shares of the stock were exchanged, compared to its average volume of 25,643. The firm’s fifty day moving average is $30.08 and its 200-day moving average is $27.19. The company has a market capitalization of $290.02 million, a P/E ratio of 12.38 and a beta of 0.94. Timberland Bancorp, Inc. has a 52 week low of $24.05 and a 52 week high of $35.46.

Timberland Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 25th. Shareholders of record on Thursday, November 10th will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 3.67%. This is an increase from Timberland Bancorp’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Wednesday, November 9th. Timberland Bancorp’s payout ratio is presently 31.21%.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on Timberland Bancorp in a research report on Wednesday, October 12th. They issued a “buy” rating for the company.

Institutional Investors Weigh In On Timberland Bancorp

Several large investors have recently modified their holdings of the stock. Acadian Asset Management LLC lifted its position in shares of Timberland Bancorp by 156.7% during the 1st quarter. Acadian Asset Management LLC now owns 4,797 shares of the savings and loans company’s stock worth $128,000 after buying an additional 2,928 shares during the period. Royal Bank of Canada raised its stake in Timberland Bancorp by 4.4% during the third quarter. Royal Bank of Canada now owns 7,150 shares of the savings and loans company’s stock worth $198,000 after acquiring an additional 300 shares in the last quarter. Orion Portfolio Solutions LLC bought a new position in shares of Timberland Bancorp during the third quarter valued at $320,000. State Street Corp boosted its stake in shares of Timberland Bancorp by 9.3% in the 1st quarter. State Street Corp now owns 25,846 shares of the savings and loans company’s stock valued at $698,000 after purchasing an additional 2,205 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Timberland Bancorp by 2.2% in the 1st quarter. Bank of New York Mellon Corp now owns 33,297 shares of the savings and loans company’s stock worth $900,000 after purchasing an additional 705 shares during the last quarter. 54.50% of the stock is currently owned by institutional investors.

About Timberland Bancorp

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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, 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 development loans.

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