Short Interest Worth Watching: After Reaching Milestone, Is Timberland Bancorp Incorporated (NASDAQ:TSBK)’s Short Interest Revealing Something?

November 18, 2016 - By Nellie Frank   ·   0 Comments

Short Interest Worth Watching: After Reaching Milestone, Is Timberland Bancorp Incorporated (NASDAQ:TSBK)’s Short Interest Revealing Something?

The stock of Timberland Bancorp Incorporated (NASDAQ:TSBK) registered an increase of 6.36% in short interest. TSBK’s total short interest was 82,000 shares in November as published by FINRA. Its up 6.36% from 77,100 shares, reported previously. With 7,900 shares average volume, it will take short sellers 10 days to cover their TSBK’s short positions. The short interest to Timberland Bancorp Incorporated’s float is 1.48%. The stock closed at $18.82 during the last session. It is down 45.67% since April 18, 2016 and is uptrending. It has outperformed by 41.24% the S&P500.

Timberland Bancorp, Inc. is the bank holding firm for Timberland Savings Bank, SSB . The company has a market cap of $140.54 million. The Firm is engaged in community banking in western Washington under the operating name, Timberland Bank. It has a 13.17 P/E ratio. The Company’s business activities are limited to passive investment activities and oversight of its investment in the Bank.

Insitutional Activity: The institutional sentiment increased to 2.14 in 2016 Q2. Its up 0.25, from 1.89 in 2016Q1. The ratio increased, as 4 funds sold all Timberland Bancorp, Inc. shares owned while 5 reduced positions. 6 funds bought stakes while 11 increased positions. They now own 2.93 million shares or 4.57% more from 2.80 million shares in 2016Q1.
Cutler Capital Management Ltd last reported 0.19% of its portfolio in the stock. Creative Planning has 23,800 shares for 0% of their US portfolio. Moreover, Pinnacle Ltd Liability Corp has 0% invested in Timberland Bancorp, Inc. (NASDAQ:TSBK) for 62,287 shares. Moreover, Ejf Cap Ltd Limited Liability Company has 0.34% invested in Timberland Bancorp, Inc. (NASDAQ:TSBK) for 239,322 shares. Blackrock Fund Advsr accumulated 1,129 shares or 0% of the stock. The Connecticut-based Westport Asset Mngmt has invested 2.7% in Timberland Bancorp, Inc. (NASDAQ:TSBK). Geode Capital Management Ltd Limited Liability Company, a Massachusetts-based fund reported 18,822 shares. Hutchin Hill Capital Lp accumulated 58,500 shares or 0.03% of the stock. Alliancebernstein Lp last reported 135,815 shares in the company. Dimensional Fund Advsrs L P owns 588,417 shares or 0.01% of their US portfolio. The Montana-based Da Davidson & has invested 0% in Timberland Bancorp, Inc. (NASDAQ:TSBK). Morgan Stanley owns 15,345 shares or 0% of their US portfolio. Bridgeway Capital Mgmt Inc has 120,022 shares for 0.03% of their US portfolio. Wellington Management Llp last reported 0% of its portfolio in the stock. State Bank Of America De holds 0% or 18 shares in its portfolio.

Insider Transactions: Since June 6, 2016, the stock had 0 insider purchases, and 1 sale for $45,600 net activity. BASICH MARCI A sold $45,600 worth of Timberland Bancorp, Inc. (NASDAQ:TSBK) on Monday, June 6.

TSBK Company Profile

Timberland Bancorp, Inc. (Timberland Bancorp), incorporated on September 8, 1997, is the bank holding firm for Timberland Savings Bank, SSB (the Bank). The Firm is engaged in community banking in western Washington under the operating name, Timberland Bank. The Company’s business activities are limited to passive investment activities and oversight of its investment in the Bank. The Bank is a community-oriented bank, which offers a range of savings products to its retail clients while concentrating its lending activities on real estate mortgage loans and commercial business loans. The Company’s lending activities are focused primarily on the origination of loans secured by real estate, including construction and land development, one- to four-family residential, multi-family, commercial real estate and land loans. The Bank considers its primary market area to include six sub-markets: primarily rural Grays Harbor County; Thurston and Kitsap counties; Pierce and King counties, and Lewis County. It has over five branches in Pierce County; five branches in Thurston County, and three branches located in Lewis County. Timberland Service Corporation is the Bank’s subsidiary, which acts as the Bank’s escrow department.

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By Nellie Frank

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