Timberland Bancorp, Inc. (NASDAQ:TSBK) Short Interest Down 25.3% in November

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

Timberland Bancorp Stock Performance

NASDAQ:TSBK traded down $0.01 during mid-day trading on Friday, hitting $32.87. 4,589 shares of the stock were exchanged, compared to its average volume of 13,310. Timberland Bancorp has a fifty-two week low of $23.93 and a fifty-two week high of $33.98. The stock has a market capitalization of $261.97 million, a price-to-earnings ratio of 10.96 and a beta of 0.67. The firm’s 50-day simple moving average is $31.43 and its 200 day simple moving average is $29.31. 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 Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.04%. The ex-dividend date was Friday, November 15th. This is an increase from Timberland Bancorp’s previous quarterly dividend of $0.24. Timberland Bancorp’s payout ratio is 33.33%.

Insider Transactions at Timberland Bancorp

In other news, COO Jonathan Arthur Fischer sold 1,790 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $33.02, for a total value of $59,105.80. Following the completion of the transaction, the chief operating officer now owns 4,550 shares in the company, valued at $150,241. This represents a 28.23 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last three months, insiders have sold 4,111 shares of company stock worth $135,819. Corporate insiders own 3.40% of the company’s stock.

Institutional Investors Weigh In On Timberland Bancorp

A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its position 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 worth $10,985,000 after buying an additional 2,949 shares during the period. State Street Corp raised its stake 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 worth $3,329,000 after buying an additional 1,489 shares during the period. De Lisle Partners LLP grew its position in Timberland Bancorp by 34.3% in the 3rd quarter. De Lisle Partners LLP now owns 53,633 shares of the savings and loans company’s stock valued at $1,619,000 after purchasing an additional 13,698 shares during the period. 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 valued at $1,532,000 after buying an additional 2,546 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Timberland Bancorp by 11.3% during the second quarter. Bank of New York Mellon Corp now owns 25,778 shares of the savings and loans company’s stock worth $698,000 after acquiring an additional 2,609 shares in the last quarter. Institutional investors and hedge funds own 65.49% of the company’s stock.

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.