Short Interest in Timberland Bancorp, Inc. (NASDAQ:TSBK) Decreases By 25.3%

Timberland Bancorp, Inc. (NASDAQ:TSBK) was the target of a significant drop in short interest during 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 short sold. Based on an average daily volume of 12,000 shares, the days-to-cover ratio is presently 1.5 days.

Timberland Bancorp Stock Down 0.5 %

Shares of NASDAQ TSBK opened at $32.71 on Friday. Timberland Bancorp has a 52-week low of $23.93 and a 52-week high of $33.98. The firm has a market capitalization of $260.63 million, a price-to-earnings ratio of 10.90 and a beta of 0.67. The stock has a 50 day moving average price of $31.51 and a 200 day moving average price of $29.39. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.97 and a current ratio of 0.97.

Timberland Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.06%. This is a boost from Timberland Bancorp’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Friday, November 15th. Timberland Bancorp’s dividend payout ratio is currently 33.33%.

Insider Transactions at Timberland Bancorp

In other Timberland Bancorp news, COO Jonathan Arthur Fischer sold 1,790 shares of the company’s 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 transaction, the chief operating officer now directly owns 4,550 shares in the company, valued at $150,241. This represents a 28.23 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last ninety days, insiders sold 4,111 shares of company stock worth $135,819. 3.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Timberland Bancorp

Hedge funds and other institutional investors have recently made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Timberland Bancorp in the third quarter worth about $251,000. Hsbc Holdings PLC increased its position in Timberland Bancorp by 27.7% during the 2nd 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 during the period. Prospector Partners LLC bought a new stake in shares of Timberland Bancorp in the 3rd quarter valued at about $565,000. Barclays PLC lifted its position 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 worth $595,000 after purchasing an additional 6,725 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Timberland Bancorp by 4.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 22,434 shares of the savings and loans company’s stock valued at $679,000 after purchasing an additional 1,040 shares in the last quarter. Institutional investors own 65.49% of the company’s stock.

About Timberland Bancorp

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.