StockNews.com initiated a hedge on the shares of Timberland Bancorp (NASDAQ: TSBK – Get a rating) in a report released Thursday. The company has set a “buy” rating on the shares of the savings and loan company.
Shares of TSBK opened at $27.75 on Thursday. The company has a 50-day moving average price of $28.13. The company has a quick ratio of 0.98, a current ratio of 0.99 and a leverage ratio of 0.02. The company has a market capitalization of $231.71 million, a price-earnings ratio of 9.10 and a beta of 1.23. Timberland Bancorp has a fifty-two week low of $26.68 and a fifty-two week high of $30.75.
Institutional investors have recently been buying and selling shares of the stock. Russell Investments Group Ltd. increased its holdings in Timberland Bancorp by 6.5% during the third quarter. Russell Investments Group Ltd. now owns 21,462 shares of the savings and loan company worth $620,000 after acquiring 1,313 additional shares during the period. rhino investment partners Inc increased its stake in Timberland Bancorp by 10.1% during the third quarter. Rhino Investment Partners Inc now owns 199,988 shares of the savings and loan company worth $5,780,000 after acquiring an additional 18,424 shares during the period. Millennium Management LLC acquired a new stake in Timberland Bancorp during the second quarter valued at approximately $1,591,000. Bellevue Asset Management LLC acquired a new stake in Timberland Bancorp during the third quarter worth approximately $371,000. Finally, the Manufacturers Life Insurance Company increased its holdings in Timberland Bancorp by 30.5% in the third quarter. The Manufacturers Life Insurance Company now owns 317,369 shares of the savings and loan company valued at $9,172,000 after purchasing an additional 74,232 shares during the period. 61.83% of the shares are currently held by hedge funds and other institutional investors.
About Timberland Bancorp (Get a rating)
Timberland Bancorp, Inc (Washington) is a holding company that provides community banking services. It offers mortgages, consumer loans and commercial business loans. The company was founded on September 8, 1997 and is based in Hoquiam, WA.
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