Timberland Bancorp, Inc. (NASDAQ:TSBK) Short Interest Update

Timberland Bancorp, Inc. (NASDAQ:TSBK) was the target of a large decline in short interest in the month of December. As of December 31st, there was short interest totalling 14,300 shares, a decline of 25.5% from the December 15th total of 19,200 shares. Based on an average daily volume of 12,100 shares, the days-to-cover ratio is currently 1.2 days. Approximately 0.2% of the shares of the company are sold short.

Timberland Bancorp Price Performance

Shares of TSBK stock traded down $0.21 during trading on Thursday, hitting $29.76. The company had a trading volume of 426 shares, compared to its average volume of 9,756. The stock’s 50-day moving average price is $31.64 and its 200 day moving average price is $30.18. Timberland Bancorp has a one year low of $23.93 and a one year high of $33.98. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.97 and a current ratio of 0.97. The firm has a market capitalization of $237.19 million, a P/E ratio of 9.92 and a beta of 0.68.

Timberland Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.36%. The ex-dividend date was Friday, November 15th. This is an increase from Timberland Bancorp’s previous quarterly dividend of $0.24. Timberland Bancorp’s payout ratio is 33.33%.

Insider Activity at Timberland Bancorp

In other Timberland Bancorp news, COO Jonathan Arthur Fischer sold 1,790 shares of Timberland Bancorp stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $33.02, for a total value of $59,105.80. Following the completion of the sale, the chief operating officer now owns 4,550 shares in the company, valued at $150,241. The trade was a 28.23 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 4,111 shares of company stock worth $135,819 in the last ninety days. 3.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On Timberland Bancorp

Several hedge funds have recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Timberland Bancorp during the 3rd quarter worth approximately $251,000. Hsbc Holdings PLC raised its position in Timberland Bancorp by 27.7% during the second quarter. Hsbc Holdings PLC now owns 13,661 shares of the savings and loans company’s stock valued at $361,000 after purchasing an additional 2,965 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Timberland Bancorp by 141.1% during the third quarter. JPMorgan Chase & Co. now owns 14,294 shares of the savings and loans company’s stock worth $433,000 after purchasing an additional 8,365 shares during the last quarter. Prospector Partners LLC acquired a new stake in shares of Timberland Bancorp in the 3rd quarter valued at $565,000. Finally, Barclays PLC increased its stake in shares of Timberland Bancorp by 52.1% in the 3rd quarter. Barclays PLC now owns 19,643 shares of the savings and loans company’s stock valued at $595,000 after purchasing an additional 6,725 shares during the last quarter. 65.49% of the stock is owned by institutional investors.

Timberland Bancorp Company Profile

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