Timberland Bancorp, Inc. (NASDAQ:TSBK) Short Interest Down 16.3% in April

Timberland Bancorp, Inc. (NASDAQ:TSBK) saw a large decrease in short interest in April. As of April 15th, there was short interest totalling 32,400 shares, a decrease of 16.3% from the March 31st total of 38,700 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average daily volume of 12,800 shares, the days-to-cover ratio is currently 2.5 days.

Timberland Bancorp Price Performance

Shares of TSBK stock opened at $25.25 on Friday. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.08. Timberland Bancorp has a twelve month low of $22.11 and a twelve month high of $32.20. The company has a market cap of $205.03 million, a P/E ratio of 8.28 and a beta of 0.79. The business has a fifty day simple moving average of $25.92 and a 200 day simple moving average of $28.05.

Timberland Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, May 10th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $0.96 annualized dividend and a dividend yield of 3.80%. Timberland Bancorp’s dividend payout ratio is currently 31.48%.

Wall Street Analysts Forecast Growth

Separately, TheStreet lowered Timberland Bancorp from a “b” rating to a “c+” rating in a report on Monday, March 18th.

Institutional Trading of Timberland Bancorp

Several institutional investors and hedge funds have recently modified their holdings of the business. Quadrature Capital Ltd bought a new stake in shares of Timberland Bancorp during the 4th quarter worth $575,000. Panagora Asset Management Inc. lifted its position in shares of Timberland Bancorp by 30.8% during the 4th quarter. Panagora Asset Management Inc. now owns 16,884 shares of the savings and loans company’s stock worth $531,000 after buying an additional 3,971 shares during the last quarter. BNP Paribas Financial Markets lifted its position in shares of Timberland Bancorp by 42.0% during the 4th quarter. BNP Paribas Financial Markets now owns 10,612 shares of the savings and loans company’s stock worth $334,000 after buying an additional 3,137 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Timberland Bancorp during the 4th quarter worth $129,000. Finally, Planned Solutions Inc. bought a new stake in shares of Timberland Bancorp during the 4th quarter worth $31,000. 65.49% of the stock is currently owned by institutional investors.

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.