Royce & Associates Cuts Timberland Bancorp Stake to 283,219 Shares
Ticker: TSBK · Form: SC 13G/A · Filed: Jan 30, 2024 · CIK: 1046050
| Field | Detail |
|---|---|
| Company | Timberland Bancorp Inc (TSBK) |
| Form Type | SC 13G/A |
| Filed Date | Jan 30, 2024 |
| Risk Level | medium |
| Sentiment | mixed |
Complexity: simple
Sentiment: mixed
Topics: institutional-ownership, amendment, stake-reduction
TL;DR
**Royce & Associates just trimmed its TSBK stake, watch for potential price impact.**
AI Summary
Royce & Associates, LP, an investment firm, filed an amendment (SC 13G/A) on January 30, 2024, updating their ownership in Timberland Bancorp, Inc. As of December 31, 2023, Royce & Associates beneficially owned 283,219 shares of Timberland Bancorp's Common Stock, representing a decrease from their previous holdings. This matters to investors because it indicates a significant institutional investor has reduced its stake, potentially signaling a change in their outlook on the company's future performance.
Why It Matters
This filing shows a major institutional investor, Royce & Associates, has reduced its position in Timberland Bancorp, which could influence other investors' perceptions and the stock's trading activity.
Risk Assessment
Risk Level: medium — A reduction in holdings by a large institutional investor like Royce & Associates can sometimes precede negative stock performance or reflect a lack of confidence.
Analyst Insight
Investors should monitor Timberland Bancorp's stock performance and consider if other institutional investors are also adjusting their positions, as a significant reduction by a major holder like Royce & Associates could signal underlying concerns or a shift in market sentiment.
Key Numbers
- 283,219 — Shares Beneficially Owned (This is the total number of Timberland Bancorp shares Royce & Associates, LP reported owning as of December 31, 2023.)
Key Players & Entities
- Royce & Associates, LP (company) — the reporting person who filed the SC 13G/A
- Timberland Bancorp, Inc. (company) — the issuer whose securities are being reported
- 283,219 (dollar_amount) — number of shares beneficially owned by Royce & Associates, LP
- December 31, 2023 (date) — date of the event requiring the filing
- January 30, 2024 (date) — date the SC 13G/A amendment was filed
Forward-Looking Statements
- Timberland Bancorp's stock price may experience short-term volatility due to the reduced institutional ownership. (Timberland Bancorp) — medium confidence, target: Q1 2024
FAQ
Who is the reporting person in this SC 13G/A filing?
The reporting person is Royce & Associates, LP, as stated in the 'NAME OF REPORTING PERSON' section of the filing.
What is the name of the issuer whose securities are being reported?
The issuer is Timberland Bancorp, Inc., as identified under 'Name of Issuer' in the filing.
How many shares of Timberland Bancorp, Inc. Common Stock does Royce & Associates, LP beneficially own?
Royce & Associates, LP beneficially owns 283,219 shares of Common Stock, as indicated in 'AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON' and 'SOLE VOTING POWER' and 'SOLE DISPOSITIVE POWER' sections.
What was the date of the event that required this filing?
The date of the event which required the filing of this statement was December 31, 2023, as specified in the filing.
What is the CUSIP number for the class of securities reported?
The CUSIP number for the Common Stock of Timberland Bancorp, Inc. is 887098101, as listed in the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 30, 2024 regarding TIMBERLAND BANCORP INC (TSBK).