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

Timberland Bancorp, Inc. (NASDAQ:TSBK - Get Free Report) was the target of a large drop in short interest in October. As of October 31st, there was short interest totalling 24,700 shares, a drop of 19.3% from the October 15th total of 30,600 shares. Based on an average daily volume of 13,900 shares, the days-to-cover ratio is currently 1.8 days. Currently, 0.3% of the company's stock are sold short.

Institutional Investors Weigh In On Timberland Bancorp

Institutional investors and hedge funds have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. boosted its position in Timberland Bancorp by 4.9% in 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 buying an additional 1,040 shares in the last quarter. State Street Corp increased its holdings in Timberland Bancorp by 1.4% during the 3rd quarter. State Street Corp now owns 110,005 shares of the savings and loans company's stock valued at $3,329,000 after purchasing an additional 1,489 shares in the last quarter. Panagora Asset Management Inc. boosted its stake in Timberland Bancorp by 8.5% in the second quarter. Panagora Asset Management Inc. now owns 23,999 shares of the savings and loans company's stock worth $650,000 after purchasing an additional 1,881 shares in the last quarter. Empowered Funds LLC grew its holdings in shares of 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 worth $1,532,000 after purchasing an additional 2,546 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake 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 in the last quarter. Institutional investors own 65.49% of the company's stock.

Timberland Bancorp Stock Performance

NASDAQ:TSBK traded down $0.99 during midday trading on Friday, reaching $31.97. The stock had a trading volume of 12,190 shares, compared to its average volume of 13,439. 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 1-year low of $23.93 and a 1-year high of $33.98. The firm's fifty day simple moving average is $30.27 and its 200-day simple moving average is $28.33. The stock has a market capitalization of $254.80 million, a P/E ratio of 10.66 and a beta of 0.66.

Timberland Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be issued a $0.25 dividend. This is a boost from Timberland Bancorp's previous quarterly dividend of $0.24. The ex-dividend date is Friday, November 15th. This represents a $1.00 annualized dividend and a yield of 3.13%. Timberland Bancorp's dividend payout ratio is 32.00%.

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.