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

Timberland Bancorp, Inc. (NASDAQ:TSBK) was the target of a significant drop in short interest in the month of 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 short-interest ratio is presently 1.8 days. Currently, 0.3% of the company’s shares are short sold.

Hedge Funds Weigh In On Timberland Bancorp

Institutional investors have recently modified their holdings of the stock. Connor Clark & Lunn Investment Management Ltd. bought a new position in Timberland Bancorp in the third quarter worth approximately $251,000. 180 Wealth Advisors LLC purchased a new stake in shares of Timberland Bancorp in the 2nd quarter worth $272,000. Hsbc Holdings PLC grew its position in shares of 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 worth $361,000 after buying an additional 2,965 shares in the last quarter. BNP Paribas Financial Markets increased its stake in shares of 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 during the period. Finally, Prospector Partners LLC bought a new stake in shares of Timberland Bancorp in the third quarter valued at about $565,000. 65.49% of the stock is owned by hedge funds and other institutional investors.

Timberland Bancorp Stock Down 2.2 %

NASDAQ:TSBK opened at $31.97 on Friday. The stock has a fifty day simple moving average of $30.27 and a 200-day simple moving average of $28.33. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.08. The company has a market cap of $254.80 million, a price-to-earnings ratio of 10.66 and a beta of 0.66. Timberland Bancorp has a twelve month low of $23.93 and a twelve month high of $33.98.

Timberland Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.13%. This is a boost from Timberland Bancorp’s previous quarterly dividend of $0.24. The ex-dividend date is Friday, November 15th. Timberland Bancorp’s 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.