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

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

Institutional Trading of Timberland Bancorp

A number of hedge funds have recently made changes to their positions in TSBK. Prospector Partners LLC bought a new stake in Timberland Bancorp in the 3rd quarter valued at $565,000. De Lisle Partners LLP increased its holdings in shares of Timberland Bancorp by 34.3% in the third quarter. De Lisle Partners LLP now owns 53,633 shares of the savings and loans company’s stock valued at $1,619,000 after purchasing an additional 13,698 shares during the last quarter. 180 Wealth Advisors LLC bought a new position in shares of Timberland Bancorp in the second quarter valued at about $272,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Timberland Bancorp during the 3rd quarter worth about $251,000. Finally, BNP Paribas Financial Markets boosted its holdings in shares of 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 worth $423,000 after buying an additional 5,091 shares during the period. 65.49% of the stock is owned by institutional investors and hedge funds.

Timberland Bancorp Stock Down 0.2 %

Shares of TSBK stock opened at $32.96 on Friday. Timberland Bancorp has a 52-week low of $23.93 and a 52-week high of $33.98. The stock has a market cap of $262.69 million, a price-to-earnings ratio of 11.05 and a beta of 0.66. The firm’s 50-day moving average is $30.21 and its 200-day moving average is $28.30. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.97 and a current ratio of 0.97.

Timberland Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be paid a $0.25 dividend. This is a positive change from Timberland Bancorp’s previous quarterly dividend of $0.24. The ex-dividend date is Friday, November 15th. This represents a $1.00 annualized dividend and a yield of 3.03%. Timberland Bancorp’s dividend payout ratio is currently 32.00%.

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.