Timberland Bancorp, Inc. (NASDAQ:TSBK) Sees Significant Decline in Short Interest

Timberland Bancorp, Inc. (NASDAQ:TSBK) was the recipient of a large drop in short interest in the month of November. As of November 30th, there was short interest totalling 18,300 shares, a drop of 25.3% from the November 15th total of 24,500 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average daily volume of 12,000 shares, the short-interest ratio is presently 1.5 days.

Timberland Bancorp Stock Performance

Shares of TSBK stock traded down $0.01 during trading hours on Friday, reaching $32.87. 4,589 shares of the company traded hands, compared to its average volume of 13,310. The firm has a 50-day moving average price of $31.43 and a 200 day moving average price of $29.31. The company has a market cap of $261.97 million, a P/E ratio of 10.96 and a beta of 0.67. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.97 and a quick ratio of 0.97. Timberland Bancorp has a 12-month low of $23.93 and a 12-month high of $33.98.

Timberland Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, November 15th. This is a boost from Timberland Bancorp’s previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a yield of 3.04%. Timberland Bancorp’s dividend payout ratio (DPR) is currently 33.33%.

Insider Transactions at Timberland Bancorp

In other Timberland Bancorp news, COO Jonathan Arthur Fischer sold 1,790 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $33.02, for a total value of $59,105.80. Following the transaction, the chief operating officer now owns 4,550 shares of the company’s stock, valued at approximately $150,241. This represents a 28.23 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last ninety days, insiders sold 4,111 shares of company stock valued at $135,819. Company insiders own 3.40% of the company’s stock.

Hedge Funds Weigh In On Timberland Bancorp

Several hedge funds have recently modified their holdings of TSBK. Vanguard Group Inc. lifted its holdings in shares of Timberland Bancorp by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 408,069 shares of the savings and loans company’s stock valued at $10,985,000 after acquiring an additional 2,949 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Timberland Bancorp by 11.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 25,778 shares of the savings and loans company’s stock valued at $698,000 after purchasing an additional 2,609 shares during the last quarter. Panagora Asset Management Inc. raised its holdings in Timberland Bancorp by 8.5% during the 2nd quarter. Panagora Asset Management Inc. now owns 23,999 shares of the savings and loans company’s stock valued at $650,000 after buying an additional 1,881 shares during the period. Hsbc Holdings PLC boosted its stake 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 worth $361,000 after buying an additional 2,965 shares during the period. Finally, Empowered Funds LLC increased its position in Timberland Bancorp by 5.3% during the third quarter. Empowered Funds LLC now owns 50,622 shares of the savings and loans company’s stock valued at $1,532,000 after acquiring an additional 2,546 shares during the last quarter. Hedge funds and other institutional investors own 65.49% of the company’s stock.

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.