Timberland Bancorp, Inc. (NASDAQ:TSBK) was the recipient of a large drop in short interest during the month of June. As of June 30th, there was short interest totalling 29,900 shares, a drop of 23.1% from the June 15th total of 38,900 shares. Based on an average daily volume of 18,200 shares, the days-to-cover ratio is presently 1.6 days. Approximately 0.4% of the shares of the company are short sold.
Shares of TSBK stock traded down $1.21 on Tuesday, hitting $17.00. 251 shares of the stock were exchanged, compared to its average volume of 17,570. The company has a current ratio of 1.04, a quick ratio of 1.03 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $151.23 million, a PE ratio of 6.13 and a beta of 1.35. Timberland Bancorp has a one year low of $13.60 and a one year high of $31.00. The firm’s 50 day moving average is $18.00 and its two-hundred day moving average is $21.78.
Timberland Bancorp (NASDAQ:TSBK) last posted its quarterly earnings results on Tuesday, April 28th. The savings and loans company reported $0.60 earnings per share for the quarter. The company had revenue of $16.56 million during the quarter. Timberland Bancorp had a return on equity of 13.89% and a net margin of 33.49%.
In other news, EVP Edward Colman Foster sold 2,700 shares of the firm’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $17.38, for a total transaction of $46,926.00. Following the completion of the sale, the executive vice president now directly owns 1,205 shares of the company’s stock, valued at approximately $20,942.90. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 7.10% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Citigroup Inc. boosted its position in shares of Timberland Bancorp by 61.6% during the 4th quarter. Citigroup Inc. now owns 1,488 shares of the savings and loans company’s stock valued at $44,000 after acquiring an additional 567 shares during the last quarter. Advisor Group Holdings Inc. purchased a new position in shares of Timberland Bancorp during the first quarter valued at approximately $62,000. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Timberland Bancorp by 48.6% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,426 shares of the savings and loans company’s stock valued at $102,000 after buying an additional 1,120 shares during the period. UBS Group AG boosted its position in shares of Timberland Bancorp by 44.7% during the fourth quarter. UBS Group AG now owns 10,208 shares of the savings and loans company’s stock valued at $303,000 after purchasing an additional 3,152 shares in the last quarter. Finally, Robertson Stephens Wealth Management LLC bought a new stake in shares of Timberland Bancorp during the first quarter valued at approximately $195,000. Institutional investors and hedge funds own 55.05% of the company’s stock.
About Timberland Bancorp
Timberland Bancorp, Inc operates as the bank holding company for Timberland Bank that provides various banking services in Washington. It offers various deposit products, including money market deposit accounts, checking accounts, regular savings accounts, and certificates of deposit. The company also provides one-to four-family residential, multi-family, commercial real estate, construction, custom and owner/builder construction, speculative one- to four-family construction, commercial construction, multi-family construction, land development construction, and land loans.
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