Timberland Bancorp, Inc. (NASDAQ:TSBK) Short Interest Down 19.3% in October

Timberland Bancorp, Inc. (NASDAQ:TSBK) was the recipient of a large decline in short interest during the month of October. As of October 31st, there was short interest totalling 24,700 shares, a decline of 19.3% from the October 15th total of 30,600 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 13,900 shares, the short-interest ratio is currently 1.8 days.

Timberland Bancorp Stock Down 2.2 %

Shares of NASDAQ TSBK opened at $31.97 on Friday. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.08. Timberland Bancorp has a 12-month low of $23.93 and a 12-month high of $33.98. The firm’s 50-day moving average price is $30.27 and its 200-day moving average price is $28.33. The stock has a market capitalization of $254.80 million, a price-to-earnings ratio of 10.66 and a beta of 0.66.

Timberland Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.13%. This is a positive change from Timberland Bancorp’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Friday, November 15th. Timberland Bancorp’s dividend payout ratio (DPR) is presently 32.00%.

Hedge Funds Weigh In On Timberland Bancorp

Institutional investors and hedge funds have recently modified their holdings of the stock. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Timberland Bancorp during the 3rd quarter valued at $251,000. 180 Wealth Advisors LLC bought a new stake in shares of Timberland Bancorp in the 2nd quarter worth about $272,000. Hsbc Holdings PLC boosted its stake in shares of Timberland Bancorp by 27.7% during the 2nd quarter. Hsbc Holdings PLC now owns 13,661 shares of the savings and loans company’s stock worth $361,000 after purchasing an additional 2,965 shares during the period. BNP Paribas Financial Markets grew its holdings in Timberland Bancorp by 48.0% during the 1st quarter. BNP Paribas Financial Markets now owns 15,703 shares of the savings and loans company’s stock valued at $423,000 after purchasing an additional 5,091 shares during the last quarter. Finally, Prospector Partners LLC purchased a new stake in Timberland Bancorp in the 3rd quarter worth about $565,000. Hedge funds and other institutional investors 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.