Timberland Bancorp, Inc. (TSBK) Announces Quarterly Earnings Results
Timberland Bancorp, Inc. (NASDAQ:TSBK) released its quarterly earnings data on Wednesday. The savings and loans company reported $0.48 EPS for the quarter, Bloomberg Earnings reports. The company had revenue of $12.27 million for the quarter. Timberland Bancorp had a return on equity of 12.93% and a net margin of 26.56%.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Thursday, November 16th will be issued a dividend of $0.11 per share. The ex-dividend date is Wednesday, November 15th. This represents a $0.44 annualized dividend and a yield of 1.45%. Timberland Bancorp’s payout ratio is currently 24.31%.
Large investors have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company lifted its stake in Timberland Bancorp by 11,863.3% during the second quarter. The Manufacturers Life Insurance Company now owns 7,178 shares of the savings and loans company’s stock worth $182,000 after purchasing an additional 7,118 shares in the last quarter. California State Teachers Retirement System acquired a new position in Timberland Bancorp during the second quarter worth $278,000. Finally, State Street Corp acquired a new position in Timberland Bancorp during the second quarter worth $1,650,000. Institutional investors own 55.19% of the company’s stock.
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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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