Timberland Bancorp, Inc. (NASDAQ:TSBK) Sees Large Drop in Short Interest

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

Insider Buying and Selling at Timberland Bancorp

In related news, COO Jonathan Arthur Fischer sold 1,790 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $33.02, for a total value of $59,105.80. Following the completion of the transaction, the chief operating officer now directly owns 4,550 shares of the company’s stock, valued at $150,241. This represents a 28.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have sold a total of 4,111 shares of company stock worth $135,819 over the last ninety days. Corporate insiders own 3.70% of the company’s stock.

Hedge Funds Weigh In On Timberland Bancorp

Several hedge funds have recently made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Timberland Bancorp in the 3rd quarter valued at about $251,000. Hsbc Holdings PLC lifted its stake in Timberland Bancorp by 27.7% in the second quarter. Hsbc Holdings PLC now owns 13,661 shares of the savings and loans company’s stock valued at $361,000 after buying an additional 2,965 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Timberland Bancorp by 141.1% in the third quarter. JPMorgan Chase & Co. now owns 14,294 shares of the savings and loans company’s stock valued at $433,000 after acquiring an additional 8,365 shares during the period. Prospector Partners LLC purchased a new position in shares of Timberland Bancorp during the third quarter worth approximately $565,000. Finally, Barclays PLC increased its holdings 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 acquiring an additional 6,725 shares during the period. Hedge funds and other institutional investors own 65.49% of the company’s stock.

Timberland Bancorp Stock Up 2.9 %

Shares of Timberland Bancorp stock traded up $0.85 during trading hours on Wednesday, hitting $29.97. The company had a trading volume of 9,404 shares, compared to its average volume of 9,756. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.97 and a quick ratio of 0.97. The company’s 50-day moving average is $31.64 and its two-hundred day moving average is $30.18. The company has a market cap of $238.80 million, a P/E ratio of 9.99 and a beta of 0.68. Timberland Bancorp has a twelve month low of $23.93 and a twelve month high of $33.98.

Timberland Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.34%. 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 dividend payout ratio is currently 33.33%.

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.