Timberland Bancorp, Inc. (NASDAQ:TSBK) Brief Interest Update
Timberland Bancorp, Inc. (NASDAQ:TSBK – Get Rating) saw a surge in short-term interest in August. As of August 31, there was short interest totaling 16,400 shares, an increase of 19.7% from the total of 13,700 shares as of August 15. 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 sold short.
Changes to analyst ratings
Separately, StockNews.com began covering Timberland Bancorp in a report on Saturday, September 10. 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 in a trade that took place on Wednesday, August 24. 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 COO now owns 1,000 shares of the company, valued at $26,510. The sale was disclosed in a filing with the Securities & Exchange Commission, accessible via this hyperlink. In the past ninety days, insiders have sold 2,112 shares of the company worth $56,430. Company insiders hold 5.40% of the company’s shares.
Institutional entries and exits
Several large investors have recently bought and sold shares of TSBK. The Manufacturers Life Insurance Company increased its holdings of Timberland Bancorp shares by 26.1% in the first quarter. The Manufacturers Life Insurance Company now owns 408,177 shares of the savings and loan company worth $11,025,000 after buying 84,471 more shares last quarter. Cutler Capital Management LLC increased its stake in Timberland Bancorp shares by 0.7% in the first quarter. Cutler Capital Management LLC now owns 281,358 shares of the savings and loan company valued at $7,599,000 after purchasing an additional 1,965 shares during the period. rhino investment partners Inc increased 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 loan company worth $5,526,000 after purchasing an additional 12,595 shares in the last quarter. M3F Inc. increased its position in Timberland Bancorp by 6.8% during the 2nd quarter. M3F inc. now owns 170,940 shares of the savings and loan company valued at $4,274,000 after purchasing an additional 10,940 shares in the last quarter. Finally, Keeley Teton Advisors LLC increased its stake in Timberland Bancorp shares by 21.4% in Q1. Keeley Teton Advisors LLC now owns 136,481 shares of the savings and loan company worth $3,686,000 after purchasing an additional 24,036 shares in the last quarter. 54.50% of the shares are held by institutional investors and hedge funds.
Performance of Timberland Bancorp shares
Timberland Bancorp stock traded down $0.07 on Friday, hitting $27.44. The company’s shares had a trading volume of 219 shares, compared to an average volume of 9,274. The company has a market capitalization of $228.03 million, a price-earnings ratio of 10.21 and a beta of 1 ,03. The company’s fifty-day moving average price is $26.02 and its 200-day moving average price is $26.14. Timberland Bancorp has a 12-month low of $24.05 and a 12-month high of $29.90.
Timberland Bancorp Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, August 26. Shareholders of record on Friday August 12 received a dividend of $0.22 per share. The ex-dividend date was Thursday, August 11. This represents an annualized dividend of $0.88 and a dividend yield of 3.21%. Timberland Bancorp’s dividend payout ratio is currently 32.84%.
Timberland Bancorp Company Profile
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Timberland Bancorp, Inc operates as a bank holding company for Timberland Bank which provides various community banking services in Washington. It offers various deposit products, including money market deposit accounts, regular checking and savings accounts, and certificates of deposit. The company also offers residential single family, multi-family, commercial, build, custom build and owner/builder, single family four-family speculative build, commercial build, multi-family build, land development build, and loans for land development.
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