Timberland Bancorp, Inc. (NASDAQ:TSBK - Get Free Report) saw a significant decrease in short interest in October. As of October 15th, there was short interest totalling 30,600 shares, a decrease of 15.9% from the September 30th total of 36,400 shares. Based on an average daily volume of 14,000 shares, the days-to-cover ratio is presently 2.2 days. Currently, 0.4% of the shares of the company are sold short.
Institutional Trading of Timberland Bancorp
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in Timberland Bancorp by 0.7% during the first quarter. Vanguard Group Inc. now owns 408,069 shares of the savings and loans company's stock worth $10,985,000 after purchasing an additional 2,949 shares in the last quarter. Empowered Funds LLC raised its stake in shares of Timberland Bancorp by 8.1% in the 1st quarter. Empowered Funds LLC now owns 46,565 shares of the savings and loans company's stock worth $1,254,000 after buying an additional 3,500 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Timberland Bancorp by 11.3% in the second 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 buying an additional 2,609 shares during the period. Panagora Asset Management Inc. boosted its stake in Timberland Bancorp by 8.5% during the second 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 in the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in Timberland Bancorp by 48.0% during the first quarter. BNP Paribas Financial Markets now owns 15,703 shares of the savings and loans company's stock valued at $423,000 after buying an additional 5,091 shares in the last quarter. 65.49% of the stock is currently owned by institutional investors.
Timberland Bancorp Stock Performance
Shares of NASDAQ TSBK traded up $0.45 during midday trading on Monday, reaching $29.50. 4,455 shares of the company traded hands, compared to its average volume of 13,390. The stock has a 50-day moving average price of $30.04 and a 200 day moving average price of $27.74. The company has a market cap of $236.68 million, a price-to-earnings ratio of 9.67 and a beta of 0.65. 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 52 week low of $23.93 and a 52 week high of $32.24.
Timberland Bancorp Company Profile
(
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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.
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