Wells Fargo & Company MN lifted its holdings in shares of Timberland Bancorp, Inc. (NASDAQ:TSBK) by 76.8% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 70,676 shares of the savings and loans company’s stock after purchasing an additional 30,696 shares during the period. Wells Fargo & Company MN’s holdings in Timberland Bancorp were worth $1,877,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in the company. Acadian Asset Management LLC grew its holdings in shares of Timberland Bancorp by 23.9% during the fourth quarter. Acadian Asset Management LLC now owns 82,620 shares of the savings and loans company’s stock worth $2,193,000 after purchasing an additional 15,929 shares during the last quarter. State Street Corp bought a new stake in shares of Timberland Bancorp during the second quarter worth $1,650,000. Bowling Portfolio Management LLC bought a new stake in shares of Timberland Bancorp during the fourth quarter worth $592,000. JPMorgan Chase & Co. grew its holdings in shares of Timberland Bancorp by 2,130.7% during the third quarter. JPMorgan Chase & Co. now owns 15,927 shares of the savings and loans company’s stock worth $498,000 after purchasing an additional 15,213 shares during the last quarter. Finally, First Trust Advisors LP bought a new stake in shares of Timberland Bancorp during the fourth quarter worth $381,000. Institutional investors own 55.41% of the company’s stock.
In other news, EVP Edward Colman Foster sold 3,000 shares of the stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $29.00, for a total transaction of $87,000.00. Following the sale, the executive vice president now owns 2,905 shares in the company, valued at $84,245. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Marci A. Basich sold 2,300 shares of the stock in a transaction on Wednesday, March 7th. The stock was sold at an average price of $30.04, for a total value of $69,092.00. Following the sale, the senior vice president now owns 600 shares in the company, valued at approximately $18,024. The disclosure for this sale can be found here. Insiders have sold 15,300 shares of company stock worth $463,292 in the last 90 days. Company insiders own 6.30% of the company’s stock.
Timberland Bancorp (NASDAQ:TSBK) last announced its earnings results on Monday, January 22nd. The savings and loans company reported $0.48 EPS for the quarter. The company had revenue of $12.57 million for the quarter. Timberland Bancorp had a return on equity of 13.35% and a net margin of 28.42%.
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Timberland Bancorp 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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