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

Timberland Bancorp, Inc. (NASDAQ:TSBK - Get Free Report) saw a large increase in short interest in February. As of February 28th, there was short interest totalling 21,400 shares, an increase of 47.6% from the February 13th total of 14,500 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average trading volume of 11,600 shares, the days-to-cover ratio is presently 1.8 days.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Timberland Bancorp from a "buy" rating to a "hold" rating in a report on Friday, February 21st.

Hedge Funds Weigh In On Timberland Bancorp

Institutional investors and hedge funds have recently bought and sold shares of the business. Tower Research Capital LLC TRC lifted its stake in Timberland Bancorp by 158.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,053 shares of the savings and loans company's stock worth $32,000 after purchasing an additional 645 shares in the last quarter. Deutsche Bank AG acquired a new stake in shares of Timberland Bancorp in the fourth quarter valued at approximately $76,000. SG Americas Securities LLC purchased a new position in Timberland Bancorp during the fourth quarter worth approximately $101,000. Wells Fargo & Company MN boosted its stake in Timberland Bancorp by 16.1% during the fourth quarter. Wells Fargo & Company MN now owns 6,959 shares of the savings and loans company's stock worth $212,000 after buying an additional 964 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Timberland Bancorp in the 3rd quarter valued at $251,000. 65.49% of the stock is currently owned by institutional investors and hedge funds.

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Timberland Bancorp Price Performance

TSBK stock traded up $0.51 during trading on Wednesday, hitting $30.61. The stock had a trading volume of 6,398 shares, compared to its average volume of 12,091. Timberland Bancorp has a twelve month low of $23.93 and a twelve month high of $33.98. The company's 50-day moving average price is $30.11 and its two-hundred day moving average price is $30.66. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.98 and a quick ratio of 0.98. The stock has a market capitalization of $243.53 million, a P/E ratio of 9.91 and a beta of 0.59.

Timberland Bancorp (NASDAQ:TSBK - Get Free Report) last issued its quarterly earnings results on Monday, January 27th. The savings and loans company reported $0.86 earnings per share (EPS) for the quarter. Timberland Bancorp had a return on equity of 10.20% and a net margin of 22.88%.

Timberland Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.27%. The ex-dividend date of this dividend was Friday, February 14th. Timberland Bancorp's dividend payout ratio is currently 32.36%.

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.