Timberland Bancorp, Inc. (NASDAQ:TSBK) Short Interest Update - MarketBeat

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Timberland Bancorp, Inc. (NASDAQ:TSBK – Get Rating) saw a large increase in short interest in August. As of August 31st, there was short interest totalling 16,400 shares, an increase of 19.7% from the August 15th total of 13,700 shares. Based on an average daily volume of 5,400 shares, the short-interest ratio is currently 3.0 days. Approximately 0.2% of the company’s shares are short sold.

Analyst Ratings Changes

Separately, StockNews.com started coverage on Timberland Bancorp in a report on Saturday, September 10th. They set a “buy” rating for the company.

Insider Buying and Selling at Timberland Bancorp

In other Timberland Bancorp news, COO Jonathan Arthur Fischer sold 1,212 shares of the stock in a transaction that occurred on Wednesday, August 24th. The shares were sold at an average price of $26.51, for a total value of $32,130.12. Following the completion of the sale, the chief operating officer now owns 1,000 shares of the company’s stock, valued at $26,510. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last ninety days, insiders have sold 2,112 shares of company stock worth $56,430. Corporate insiders own 5.40% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of TSBK. The Manufacturers Life Insurance Company grew its holdings in shares of Timberland Bancorp by 26.1% during the 1st quarter. The Manufacturers Life Insurance Company now owns 408,177 shares of the savings and loans company’s stock worth $11,025,000 after purchasing an additional 84,471 shares in the last quarter. Cutler Capital Management LLC raised its stake in shares of Timberland Bancorp by 0.7% in the first quarter. Cutler Capital Management LLC now owns 281,358 shares of the savings and loans company’s stock valued at $7,599,000 after buying an additional 1,965 shares during the period. rhino investment partners Inc grew its position in Timberland Bancorp by 6.0% during the second quarter. rhino investment partners Inc now owns 221,054 shares of the savings and loans company’s stock worth $5,526,000 after buying an additional 12,595 shares in the last quarter. M3F Inc. raised its position in Timberland Bancorp by 6.8% during the 2nd quarter. M3F Inc. now owns 170,940 shares of the savings and loans company’s stock valued at $4,274,000 after purchasing an additional 10,940 shares during the last quarter. Finally, Keeley Teton Advisors LLC grew its stake in shares of Timberland Bancorp by 21.4% in the 1st quarter. Keeley Teton Advisors LLC now owns 136,481 shares of the savings and loans company’s stock worth $3,686,000 after buying an additional 24,036 shares during the last quarter. 54.50% of the stock is owned by institutional investors and hedge funds.

Timberland Bancorp Stock Performance

Timberland Bancorp stock traded up $0.07 on Friday, reaching $27.44. The company’s stock had a trading volume of 219 shares, compared to its average volume of 9,274. The company has a market cap of $228.03 million, a price-to-earnings ratio of 10.21 and a beta of 1.03. The business’s fifty day moving average price is $26.02 and its 200 day moving average price is $26.14. Timberland Bancorp has a twelve month low of $24.05 and a twelve month high of $29.90.

Timberland Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 26th. Stockholders of record on Friday, August 12th were given a dividend of $0.22 per share. The ex-dividend date was Thursday, August 11th. This represents a $0.88 annualized dividend and a dividend yield of 3.21%. Timberland Bancorp’s dividend payout ratio is currently 32.84%.

Timberland Bancorp Company Profile

(Get Rating)
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, 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 development loans.

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