SG Americas Securities LLC Makes New Investment in Timberland Bancorp, Inc. (NASDAQ:TSBK)

SG Americas Securities LLC acquired a new stake in Timberland Bancorp, Inc. (NASDAQ:TSBK) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 5,076 shares of the savings and loans company’s stock, valued at approximately $142,000. SG Americas Securities LLC owned 0.06% of Timberland Bancorp at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA increased its stake in shares of Timberland Bancorp by 674.9% in the first quarter. BNP Paribas Arbitrage SA now owns 1,573 shares of the savings and loans company’s stock worth $44,000 after buying an additional 1,370 shares during the period. Aptus Capital Advisors LLC purchased a new position in shares of Timberland Bancorp in the fourth quarter worth $143,000. Rhumbline Advisers purchased a new position in Timberland Bancorp during the 4th quarter valued at $201,000. LPL Financial LLC purchased a new position in Timberland Bancorp during the 4th quarter valued at $240,000. Finally, Bank of America Corp DE increased its position in Timberland Bancorp by 36.8% during the 4th quarter. Bank of America Corp DE now owns 12,221 shares of the savings and loans company’s stock valued at $273,000 after purchasing an additional 3,289 shares during the period. Institutional investors own 54.20% of the company’s stock.

In other news, EVP Edward Colman Foster sold 1,900 shares of the business’s stock in a transaction on Friday, June 7th. The shares were sold at an average price of $25.64, for a total transaction of $48,716.00. Following the sale, the executive vice president now owns 2,705 shares in the company, valued at approximately $69,356.20. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 7.10% of the company’s stock.

Timberland Bancorp stock traded down $0.78 during mid-day trading on Monday, reaching $29.10. 30,100 shares of the company traded hands, compared to its average volume of 12,202. The stock’s 50 day moving average price is $26.57. The stock has a market capitalization of $242.61 million, a price-to-earnings ratio of 11.95 and a beta of 1.36. Timberland Bancorp, Inc. has a 52-week low of $21.91 and a 52-week high of $39.45.

Timberland Bancorp (NASDAQ:TSBK) last issued its quarterly earnings data on Tuesday, April 30th. The savings and loans company reported $0.66 earnings per share (EPS) for the quarter. Timberland Bancorp had a net margin of 33.07% and a return on equity of 14.20%. The business had revenue of $16.67 million for the quarter.

About Timberland Bancorp

Timberland Bancorp, Inc operates as the bank holding company for Timberland Bank that provides various banking services in Washington. It offers various deposit products, including money market deposit accounts, checking accounts, regular savings accounts, and certificates of deposit. The company also provides one-to four-family residential, multi-family, commercial real estate, construction, custom and owner/builder construction, speculative one- to four-family construction, commercial construction, multi-family construction, land development construction, and land loans.

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Institutional Ownership by Quarter for Timberland Bancorp (NASDAQ:TSBK)

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