Alliancebernstein L.P. Reduces Position in Timberland Bancorp, Inc. (TSBK)
Alliancebernstein L.P. lessened its stake in Timberland Bancorp, Inc. (NASDAQ:TSBK) by 60.1% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 54,163 shares of the savings and loans company’s stock after selling 81,652 shares during the period. Alliancebernstein L.P. owned about 0.75% of Timberland Bancorp worth $1,369,000 at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of TSBK. Bank of New York Mellon Corp increased its holdings in Timberland Bancorp by 107.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 32,598 shares of the savings and loans company’s stock valued at $824,000 after purchasing an additional 16,855 shares during the last quarter. LSV Asset Management increased its holdings in Timberland Bancorp by 31.9% in the 2nd quarter. LSV Asset Management now owns 66,200 shares of the savings and loans company’s stock valued at $1,672,000 after purchasing an additional 16,008 shares during the last quarter. Schwab Charles Investment Management Inc. acquired a new stake in Timberland Bancorp in the 2nd quarter valued at approximately $316,000. Finally, Acadian Asset Management LLC increased its holdings in Timberland Bancorp by 7.7% in the 2nd quarter. Acadian Asset Management LLC now owns 51,167 shares of the savings and loans company’s stock valued at $1,296,000 after purchasing an additional 3,670 shares during the last quarter. Hedge funds and other institutional investors own 55.06% of the company’s stock.
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Shares of Timberland Bancorp, Inc. (NASDAQ:TSBK) opened at 30.61 on Tuesday. The firm has a market cap of $222.69 million, a P/E ratio of 16.80 and a beta of 0.41. The company has a 50-day moving average of $30.08 and a 200 day moving average of $25.85. Timberland Bancorp, Inc. has a 12-month low of $15.94 and a 12-month high of $32.10.
Timberland Bancorp (NASDAQ:TSBK) last posted its quarterly earnings results on Tuesday, July 25th. The savings and loans company reported $0.58 earnings per share for the quarter. The company had revenue of $12.40 million for the quarter. Timberland Bancorp had a net margin of 26.56% and a return on equity of 12.93%. Equities research analysts anticipate that Timberland Bancorp, Inc. will post $0.97 earnings per share for the current fiscal year.
Timberland Bancorp Company Profile
Timberland Bancorp, Inc is the holding company for Timberland Savings Bank, SSB (the Bank). The Bank is a community-oriented bank, which offers a range of savings products to its retail customers while concentrating its lending activities on real estate mortgage loans and commercial business loans. The Bank offers personal banking solutions, business solutions, lending solutions and additional services.
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