Insider Selling: Timberland Bancorp, Inc. (NASDAQ:TSBK) COO Sells $59,105.80 in Stock

Timberland Bancorp, Inc. (NASDAQ:TSBK) COO Jonathan Arthur Fischer sold 1,790 shares of the company’s 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 sale, the chief operating officer now owns 4,550 shares of the company’s stock, valued at $150,241. This trade represents a 28.23 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• On Friday, November 22nd, Jonathan Arthur Fischer sold 2,044 shares of Timberland Bancorp stock. The shares were sold at an average price of $33.09, for a total transaction of $67,635.96.

Timberland Bancorp Stock Up 1.9 %

Shares of NASDAQ:TSBK opened at $33.05 on Thursday. Timberland Bancorp, Inc. has a fifty-two week low of $23.93 and a fifty-two week 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 firm’s 50-day simple moving average is $30.81 and its 200-day simple moving average is $28.79. The company has a market cap of $263.41 million, a price-to-earnings ratio of 11.02 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 issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date is Friday, November 15th. This is a positive change from Timberland Bancorp’s previous quarterly dividend of $0.24. Timberland Bancorp’s payout ratio is currently 33.33%.

Hedge Funds Weigh In On Timberland Bancorp

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Timberland Bancorp in the third quarter valued at approximately $251,000. 180 Wealth Advisors LLC acquired a new stake in Timberland Bancorp in the second quarter valued at $272,000. Hsbc Holdings PLC lifted its holdings 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. Prospector Partners LLC purchased a new stake in shares of Timberland Bancorp during the 3rd quarter worth $565,000. Finally, Barclays PLC grew its stake in shares of Timberland Bancorp by 52.1% during the 3rd quarter. Barclays PLC now owns 19,643 shares of the savings and loans company’s stock worth $595,000 after purchasing an additional 6,725 shares during the period. Institutional investors and hedge funds own 65.49% of the company’s stock.

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.