Insider Selling: Timberland Bancorp, Inc. (NASDAQ:TSBK) COO Sells 2,044 Shares of Stock

Timberland Bancorp, Inc. (NASDAQ:TSBK) COO Jonathan Arthur Fischer sold 2,044 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $33.09, for a total transaction of $67,635.96. Following the transaction, the chief operating officer now owns 4,550 shares in the company, valued at approximately $150,559.50. This trade represents a 31.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Monday, November 25th, Jonathan Arthur Fischer sold 1,790 shares of Timberland Bancorp stock. The shares were sold at an average price of $33.02, for a total transaction of $59,105.80.

Timberland Bancorp Stock Performance

TSBK opened at $33.05 on Thursday. Timberland Bancorp, Inc. has a 52-week low of $23.93 and a 52-week high of $33.98. The firm’s 50-day moving average price is $30.81 and its 200-day moving average price is $28.79. 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 company has a market cap of $263.41 million, a P/E ratio of 11.02 and a beta of 0.66.

Timberland Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.03%. The ex-dividend date of this dividend is Friday, November 15th. This is an increase from Timberland Bancorp’s previous quarterly dividend of $0.24. Timberland Bancorp’s dividend payout ratio is 33.33%.

Hedge Funds Weigh In On Timberland Bancorp

Several hedge funds and other institutional investors have recently bought and sold shares of TSBK. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Timberland Bancorp in the 3rd quarter worth approximately $251,000. 180 Wealth Advisors LLC acquired a new position in Timberland Bancorp in the 2nd quarter worth approximately $272,000. Hsbc Holdings PLC increased its holdings in Timberland Bancorp by 27.7% in the 2nd quarter. Hsbc Holdings PLC now owns 13,661 shares of the savings and loans company’s stock worth $361,000 after buying an additional 2,965 shares during the period. Prospector Partners LLC acquired a new position in Timberland Bancorp in the 3rd quarter worth approximately $565,000. Finally, Barclays PLC increased its holdings in Timberland Bancorp by 52.1% in the 3rd quarter. Barclays PLC now owns 19,643 shares of the savings and loans company’s stock worth $595,000 after buying an additional 6,725 shares during the period. Institutional investors and hedge funds own 65.49% of the company’s stock.

Timberland Bancorp Company Profile

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.