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

Timberland Bancorp, Inc. (NASDAQ:TSBK) was the target of a significant growth in short interest during the month of January. As of January 15th, there was short interest totalling 17,100 shares, a growth of 19.6% from the December 31st total of 14,300 shares. Based on an average daily volume of 12,200 shares, the days-to-cover ratio is presently 1.4 days. Currently, 0.2% of the shares of the company are short sold.

Insider Transactions at Timberland Bancorp

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in TSBK. Empowered Funds LLC boosted its stake in shares of Timberland Bancorp by 1.9% during the 4th quarter. Empowered Funds LLC now owns 51,572 shares of the savings and loans company’s stock worth $1,573,000 after acquiring an additional 950 shares in the last quarter. SG Americas Securities LLC acquired a new position in Timberland Bancorp during the fourth quarter worth $101,000. JPMorgan Chase & Co. grew its holdings in Timberland Bancorp by 141.1% in the third 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 last quarter. Barclays PLC raised its stake in shares of Timberland Bancorp by 52.1% during the 3rd quarter. Barclays PLC now owns 19,643 shares of the savings and loans company’s stock worth $595,000 after buying an additional 6,725 shares during the last quarter. Finally, State Street Corp boosted its position in shares of Timberland Bancorp by 1.4% in 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 in the last quarter. 65.49% of the stock is currently owned by institutional investors and hedge funds.

Timberland Bancorp Price Performance

Shares of TSBK opened at $30.02 on Monday. 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 stock’s 50 day moving average is $30.95 and its two-hundred day moving average is $30.44. Timberland Bancorp has a twelve month low of $23.93 and a twelve month high of $33.98. The firm has a market capitalization of $239.26 million, a PE ratio of 9.72 and a beta of 0.68.

Timberland Bancorp (NASDAQ:TSBK) last posted its quarterly earnings results on Monday, January 27th. The savings and loans company reported $0.86 earnings per share for the quarter. Timberland Bancorp had a return on equity of 10.28% and a net margin of 22.88%.

Timberland Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.33%. The ex-dividend date of this dividend is Friday, February 14th. Timberland Bancorp’s dividend payout ratio (DPR) is 32.36%.

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.