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StockNews.com started reporting on Timberland Bancorp on Saturday, and they sent out a note to investors about the company simultaneously (NASDAQ: TSBK-Get Rating). The corporation suggested that investors purchase the savings and loan organization’s stock after assigning it the rating of “buy” and recommending that they do so. When trading started on Friday, the price of one share of TSBK was $27.01 per share. The stock’s price currently trades at $25.87, and its simple moving average for the past 50 days is $26.16, respectively.
Over the previous 52 weeks, Timberland Bancorp’s share price fluctuated between $29.90 and a high of $29.90. The company currently has a market capitalization of $224.35 million, with a price-to-earnings ratio of 10.08 and a beta value of 1.03. Jonathan Arthur Fischer, who is the Chief Operating Officer of Timberland Bancorp, sold 1,212 shares of the company’s stock on August 24. Jonathan Arthur Fischer is a member of the Timberland Bancorp executive team. On average, the price of a single share of stock was determined to be $26.51, and the sale of those shares resulted in the accumulation of $32,130.12 in revenue.
As a result of the sale, the chief operating officer now owns a total of 1,000 shares, which have a combined value of $26,510. The Securities and Exchange Commission (SEC) kept a legal file accessible online and contained information relevant to the transaction. This information can be viewed by anybody interested. The current percentage of the company’s stock held by insiders is 5.40 percent. The percentage of the company’s stock owned by various institutional investors, such as hedge funds, has increased due to recent transactions. The Bank of New York Mellon Corporation boosted the Timberland Bancorp stock owned by 2.2% during the first three months of 2018.
The Bank of New York Mellon Corp now has a total of 33,297 shares in the savings and loan firm following the purchase of an additional 705 shares during the quarter. This gives the company a total value of $900,000 for its holdings in the company. Cutler Capital Management LLC increased the proportion of Timberland Bancorp stock owned by 0.7% during the year’s first three months. After making an extra purchase of 1,965 shares during the quarter, Cutler Capital Management LLC now has 281,358 savings and loan firm shares, collectively worth a total of $7,599,000. This brings the total number of shares owned by the company to 281,358. During the first three months of 2018, the State Street Corporation successfully increased its stake in Timberland Bancorp by 9.3 percent.
After making an extra acquisition of 2,205 shares during the quarter, State Street Corp now holds a total of 25,846 shares of the savings and loan institution, which are worth a total of $698,000 due to the company’s investment. Acadian Asset Management LLC boosted the amount of Timberland Bancorp stock owned by 156.7% during the first three months of the year. Acadian Asset Management LLC has paid $128,000 to acquire an additional 2,928 shares in the savings and loan association. As a result of this purchase, the total number of shares the company owns in this stock has climbed to 4,797. And last, during the second quarter, M3F Inc. increased the percentage of Timberland Bancorp shares that were included in its holdings portfolio by 6.8%.
After making an additional acquisition of 10,940 shares during the period, the company now holds a total of 170,940 shares in the savings and loan company, which are worth a total of $4,274,000 in combined value. Institutional investors and hedge funds hold 54.50% of the corporation’s total number of shares outstanding. These investors are known as “large shareholders.” Timberland Bancorp, Inc. is the name of the parent company of the bank known as Timberland Bank. Timberland Bank is located in the state of Washington and provides a wide array of services related to community banking.
Customers can access various deposit choices, such as checking accounts, conventional savings accounts, money market deposits, and money market certificates. Customers can also open money market deposits in the money market. In addition to providing construction services, the company also provides financing for land development projects, custom and owner/builder construction, and speculative one-to-four-family, commercial, and multi-family structures.
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