Timberland Bancorp, Inc. (NASDAQ:TSBK) Sees Significant Decline in Short Interest

Timberland Bancorp, Inc. (NASDAQ:TSBK - Get Free Report) was the recipient of a large decline in short interest in November. As of November 30th, there was short interest totalling 18,300 shares, a decline of 25.3% from the November 15th total of 24,500 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average daily trading volume, of 12,000 shares, the short-interest ratio is currently 1.5 days.

Insider Activity

In other Timberland Bancorp news, COO Jonathan Arthur Fischer sold 1,790 shares of the stock in a transaction 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 sale, the chief operating officer now owns 4,550 shares in the company, valued at approximately $150,241. This represents a 28.23 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders have sold a total of 4,111 shares of company stock valued at $135,819 in the last ninety days. Corporate insiders own 3.40% of the company's stock.

Institutional Trading of Timberland Bancorp

A number of institutional investors and hedge funds have recently bought and sold shares of TSBK. Vanguard Group Inc. grew its holdings in Timberland Bancorp by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 408,069 shares of the savings and loans company's stock valued at $10,985,000 after buying an additional 2,949 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Timberland Bancorp by 11.3% during the 2nd 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 acquiring an additional 2,609 shares during the last quarter. Panagora Asset Management Inc. grew its holdings in shares of 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 valued at $650,000 after purchasing an additional 1,881 shares in the last quarter. Hsbc Holdings PLC increased its position 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 worth $361,000 after purchasing an additional 2,965 shares during the last quarter. Finally, Empowered Funds LLC raised its stake in 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 valued at $1,532,000 after purchasing an additional 2,546 shares in the last quarter. 65.49% of the stock is currently owned by institutional investors.

Timberland Bancorp Price Performance

TSBK traded down $0.17 during trading on Friday, reaching $32.71. 7,281 shares of the company traded hands, compared to its average volume of 13,322. The company has a market cap of $260.63 million, a P/E ratio of 10.90 and a beta of 0.67. 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 has a 12-month low of $23.93 and a 12-month high of $33.98. The firm has a fifty day simple moving average of $31.51 and a 200 day simple moving average of $29.39.

Timberland Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.06%. This is a boost from Timberland Bancorp's previous quarterly dividend of $0.24. The ex-dividend date was Friday, November 15th. Timberland Bancorp's dividend payout ratio (DPR) is presently 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.