Timberland Bancorp, Inc. (NASDAQ:TSBK) Short Interest Down 25.5% in December

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

Insider Transactions at Timberland Bancorp

In other news, COO Jonathan Arthur Fischer sold 1,790 shares of the company’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 completion of the sale, the chief operating officer now owns 4,550 shares of the company’s stock, valued at $150,241. This represents a 28.23 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last 90 days, insiders have sold 4,111 shares of company stock worth $135,819. Corporate insiders own 3.70% of the company’s stock.

Institutional Investors Weigh In On Timberland Bancorp

A number of hedge funds have recently bought and sold shares of TSBK. Bank of New York Mellon Corp lifted its holdings in shares of Timberland Bancorp by 11.3% in the 2nd 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 during the last quarter. Hsbc Holdings PLC raised its stake in shares of Timberland Bancorp by 27.7% during the second quarter. Hsbc Holdings PLC now owns 13,661 shares of the savings and loans company’s stock valued at $361,000 after acquiring an additional 2,965 shares in the last quarter. Empowered Funds LLC boosted its holdings in shares of Timberland Bancorp by 5.3% in 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 during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Timberland Bancorp during the 3rd quarter worth $251,000. Finally, Charles Schwab Investment Management Inc. raised its position in Timberland Bancorp by 4.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 22,434 shares of the savings and loans company’s stock valued at $679,000 after purchasing an additional 1,040 shares in the last quarter. Hedge funds and other institutional investors own 65.49% of the company’s stock.

Timberland Bancorp Stock Down 2.5 %

TSBK stock opened at $29.21 on Friday. The stock has a market cap of $232.80 million, a P/E ratio of 9.74 and a beta of 0.68. Timberland Bancorp has a twelve month low of $23.93 and a twelve month high of $33.98. The business’s 50-day moving average price is $31.60 and its 200-day moving average price is $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 business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were issued a $0.25 dividend. This is an increase from Timberland Bancorp’s previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date was Friday, November 15th. Timberland Bancorp’s payout ratio is currently 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.