Stock Mover of The Day: Institutional Investors Positive on Timberland Bancorp Inc (NASDAQ:TSBK)

November 16, 2016 - By Peter Erickson   ·   0 Comments

Stock Mover of The Day: Institutional Investors  Positive on Timberland Bancorp Inc (NASDAQ:TSBK)

Sentiment for Timberland Bancorp Inc (NASDAQ:TSBK)

Timberland Bancorp Inc (NASDAQ:TSBK) institutional sentiment increased to 1.89 in 2016 Q2. Its up 0.64, from 1.25 in 2016Q1. The ratio increased, as 17 active investment managers opened new and increased holdings, while 9 decreased and sold equity positions in Timberland Bancorp Inc. The active investment managers in our partner’s database reported: 2.93 million shares, up from 2.80 million shares in 2016Q1. Also, the number of active investment managers holding Timberland Bancorp Inc in their top 10 holdings increased from 0 to 1 for an increase of 1. Sold All: 4 Reduced: 5 Increased: 11 New Position: 6.

Timberland Bancorp, Inc. is the bank holding firm for Timberland Savings Bank, SSB . The company has a market cap of $122.71 million. The Firm is engaged in community banking in western Washington under the operating name, Timberland Bank. It has a 12.24 P/E ratio. The Company’s business activities are limited to passive investment activities and oversight of its investment in the Bank.

About 10,123 shares traded hands. Timberland Bancorp, Inc. (NASDAQ:TSBK) has risen 34.31% since April 14, 2016 and is uptrending. It has outperformed by 29.62% the S&P500.

According to Zacks Investment Research, “Timberland Bancorp, Inc. was organized for the purpose of becoming the holding company for Timberland Savings Bank. The Savings Bank is a community oriented savings bank which offeres a variety of savings products to its retail customers while concentrating its lending activities on real estate mortgage loans.”

Westport Asset Management Inc holds 2.7% of its portfolio in Timberland Bancorp, Inc. for 194,821 shares. Ejf Capital Llc owns 239,322 shares or 0.34% of their US portfolio. Moreover, Basswood Capital Management L.L.C. has 0.22% invested in the company for 256,045 shares. The Massachusetts-based Cutler Capital Management Llc has invested 0.19% in the stock. Bridgeway Capital Management Inc, a Texas-based fund reported 120,022 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 0 insider buys, and 1 sale for $45,600 net activity.

TSBK Company Profile

Timberland Bancorp, Inc. (Timberland Bancorp), incorporated on September 8, 1997, is the bank holding firm for Timberland Savings Bank, SSB (the Bank). The Firm is engaged in community banking in western Washington under the operating name, Timberland Bank. The Company’s business activities are limited to passive investment activities and oversight of its investment in the Bank. The Bank is a community-oriented bank, which offers a range of savings products to its retail clients while concentrating its lending activities on real estate mortgage loans and commercial business loans. The Company’s lending activities are focused primarily on the origination of loans secured by real estate, including construction and land development, one- to four-family residential, multi-family, commercial real estate and land loans. The Bank considers its primary market area to include six sub-markets: primarily rural Grays Harbor County; Thurston and Kitsap counties; Pierce and King counties, and Lewis County. It has over five branches in Pierce County; five branches in Thurston County, and three branches located in Lewis County. Timberland Service Corporation is the Bank’s subsidiary, which acts as the Bank’s escrow department.

Another recent and important Timberland Bancorp, Inc. (NASDAQ:TSBK) news was published by Globenewswire.com which published an article titled: “Timberland Bancorp Fiscal Year Net Income Increases 22% to $10.15 Million” on November 01, 2016.

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By Peter Erickson


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