Posted by admin on Aug 9th, 2022 
Investment analysts at StockNews.com started coverage on shares of Timberland Bancorp (NASDAQ:TSBK – Get Rating) in a research report issued on Tuesday. The firm set a “buy” rating on the savings and loans company’s stock.
TSBK opened at $26.00 on Tuesday. The stock has a market cap of $215.96 million, a PE ratio of 9.70 and a beta of 1.06. The business has a 50 day moving average of $25.20 and a 200-day moving average of $26.34. Timberland Bancorp has a 52 week low of $24.05 and a 52 week high of $29.99.
In other Timberland Bancorp news, Director Jon C. Parker sold 1,000 shares of Timberland Bancorp stock in a transaction on Monday, May 16th. The stock was sold at an average price of $25.38, for a total transaction of $25,380.00. Following the completion of the transaction, the director now owns 38,952 shares in the company, valued at $988,601.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 5.40% of the stock is owned by company insiders.
Several hedge funds have recently modified their holdings of the business. The Manufacturers Life Insurance Company raised its stake in shares of Timberland Bancorp by 26.1% in the first quarter. The Manufacturers Life Insurance Company now owns 408,177 shares of the savings and loans company’s stock worth $11,025,000 after purchasing an additional 84,471 shares during the last quarter. Keeley Teton Advisors LLC grew its holdings in shares of Timberland Bancorp by 21.4% in the first quarter. Keeley Teton Advisors LLC now owns 136,481 shares of the savings and loans company’s stock worth $3,686,000 after acquiring an additional 24,036 shares during the period. State Street Corp grew its holdings in shares of Timberland Bancorp by 9.3% in the first quarter. State Street Corp now owns 25,846 shares of the savings and loans company’s stock worth $698,000 after acquiring an additional 2,205 shares during the period. Acadian Asset Management LLC grew its holdings in shares of Timberland Bancorp by 156.7% in the first quarter. Acadian Asset Management LLC now owns 4,797 shares of the savings and loans company’s stock worth $128,000 after acquiring an additional 2,928 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in shares of Timberland Bancorp by 2.2% in the first quarter. Bank of New York Mellon Corp now owns 33,297 shares of the savings and loans company’s stock worth $900,000 after acquiring an additional 705 shares during the period. Hedge funds and other institutional investors own 62.86% of the company’s stock.
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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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