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

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

Analyst Ratings Changes

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

Institutional Trading of Timberland Bancorp

Hedge funds have recently added to or reduced their stakes in the business. Planned Solutions Inc. bought a new stake in Timberland Bancorp in the fourth quarter worth $31,000. SG Americas Securities LLC purchased a new position in shares of Timberland Bancorp in the fourth quarter valued at about $129,000. BNP Paribas Financial Markets increased its position in shares of Timberland Bancorp by 42.0% in the fourth quarter. BNP Paribas Financial Markets now owns 10,612 shares of the savings and loans company’s stock valued at $334,000 after acquiring an additional 3,137 shares during the period. Panagora Asset Management Inc. purchased a new position in shares of Timberland Bancorp in the third quarter valued at about $350,000. Finally, Quadrature Capital Ltd purchased a new position in shares of Timberland Bancorp in the fourth quarter valued at about $575,000. 65.49% of the stock is owned by institutional investors.

Timberland Bancorp Stock Performance

Timberland Bancorp 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. The company has a market capitalization of $205.03 million, a PE ratio of 8.28 and a beta of 0.79. The firm has a fifty day simple moving average of $25.92 and a two-hundred day simple moving average of $28.05. Timberland Bancorp has a twelve month low of $22.11 and a twelve month high of $32.20.

Timberland Bancorp Announces Dividend

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

About Timberland Bancorp

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.