Timberland Bank has been added to the Russell 3000 Index and the Russell 2000 Index, a pair of indexes widely used by investors and industry observers as benchmarks for the United States marketplace.
The Russell 3000 measures the performance of the 3,000 largest publicly held companies in the country (as measured by total market capitalization), while the Russell 2000 is a small-cap index of the Russell 3000’s bottom 2,000 stocks.
Timberland was added to the indexes when Russell reconstituted its comprehensive set of U.S. and global equity indexes on June 26; it will remain on the indexes until Russell again reconstitutes its indexes in June 2018. Russell determines membership for these indexes primarily by objective, market-capitalization rankings.
“Being added to the Russell indexes is a milestone for Timberland, and we are happy to have earned this distinction,” said Michael Sand, president and CEO of Timberland. “Inclusion in these market benchmarks is expected to raise our profile with institutional investors and support trading of our shares.”