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

Timberland Bancorp, Inc. (NASDAQ:TSBK) saw a significant drop in short interest in the month of December. As of December 31st, there was short interest totalling 14,300 shares, a drop of 25.5% from the December 15th total of 19,200 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 12,100 shares, the days-to-cover ratio is presently 1.2 days.

Insider Transactions at Timberland Bancorp

In related news, COO Jonathan Arthur Fischer sold 1,790 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $33.02, for a total transaction of $59,105.80. Following the sale, the chief operating officer now directly owns 4,550 shares in the company, valued at $150,241. This trade represents a 28.23 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders have sold a total of 4,111 shares of company stock valued at $135,819 over the last 90 days. 3.70% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. raised its holdings in shares of Timberland Bancorp by 141.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 14,294 shares of the savings and loans company’s stock valued at $433,000 after purchasing an additional 8,365 shares during the period. Barclays PLC lifted its position in shares of Timberland Bancorp by 52.1% in the third quarter. Barclays PLC now owns 19,643 shares of the savings and loans company’s stock valued at $595,000 after buying an additional 6,725 shares during the last quarter. State Street Corp boosted its stake in shares of 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 acquiring an additional 1,489 shares during the period. De Lisle Partners LLP increased its holdings in shares of Timberland Bancorp by 34.3% during the 3rd quarter. De Lisle Partners LLP now owns 53,633 shares of the savings and loans company’s stock worth $1,619,000 after acquiring an additional 13,698 shares during the last quarter. Finally, Prospector Partners LLC bought a new stake in Timberland Bancorp in the 3rd quarter valued at $565,000. Institutional investors own 65.49% of the company’s stock.

Timberland Bancorp Stock Down 0.7 %

Shares of TSBK stock traded down $0.21 during trading on Thursday, reaching $29.76. The company’s stock had a trading volume of 426 shares, compared to its average volume of 9,756. The company has a market cap of $237.19 million, a price-to-earnings ratio of 9.92 and a beta of 0.68. Timberland Bancorp has a one year low of $23.93 and a one year high of $33.98. The business has a fifty day moving average price of $31.64 and a 200-day moving average price of $30.18. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.08.

Timberland Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.36%. This is an increase from Timberland Bancorp’s previous quarterly dividend of $0.24. The ex-dividend date was Friday, November 15th. Timberland Bancorp’s payout ratio is presently 33.33%.

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.