Timbercreek Financial (TSE:TF) Posts Earnings Results

Timbercreek Financial (TSE:TF) released its quarterly earnings data on Wednesday. The company reported C$0.10 earnings per share for the quarter, FiscalAI reports. The firm had revenue of C$32.73 million during the quarter. Timbercreek Financial had a net margin of 17.14% and a return on equity of 3.85%.

Timbercreek Financial Price Performance

Shares of TSE:TF opened at C$4.24 on Friday. The firm’s 50 day moving average price is C$5.29 and its 200-day moving average price is C$6.27. Timbercreek Financial has a twelve month low of C$4.05 and a twelve month high of C$7.36. The company has a quick ratio of 145.00, a current ratio of 1.84 and a debt-to-equity ratio of 232.22. The stock has a market capitalization of C$350.87 million, a PE ratio of 13.68 and a beta of 0.66.

Timbercreek Financial Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Tuesday, December 15th will be given a dividend of $0.0575 per share. The ex-dividend date of this dividend is Monday, November 30th. This represents a $0.69 annualized dividend and a dividend yield of 16.3%. Timbercreek Financial’s dividend payout ratio is presently 222.58%.

Insider Activity

In other Timbercreek Financial news, Director Robert Blair Tamblyn bought 9,400 shares of the business’s stock in a transaction that occurred on Friday, September 25th. The stock was bought at an average cost of C$5.31 per share, for a total transaction of C$49,914.00. Following the completion of the transaction, the director owned 127,656 shares of the company’s stock, valued at C$677,853.36. This represents a 7.95% increase in their position. Insiders own 0.85% of the company’s stock.

Analysts Set New Price Targets

TF has been the topic of several research reports. TD dropped their target price on shares of Timbercreek Financial from C$5.50 to C$5.00 and set a “hold” rating on the stock in a report on Thursday. Raymond James Financial decreased their target price on shares of Timbercreek Financial from C$7.50 to C$7.25 and set an “outperform” rating for the company in a research note on Thursday, July 30th. National Bank Financial decreased their target price on shares of Timbercreek Financial from C$6.50 to C$6.00 and set a “sector perform” rating for the company in a research note on Wednesday, October 28th. Finally, Canaccord Genuity Group lowered their price target on Timbercreek Financial from C$6.75 to C$6.25 and set a “hold” rating on the stock in a report on Thursday, July 30th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of C$6.12.

Timbercreek Financial Company Profile

Timbercreek Financial is a leading non-bank, commercial real estate lender providing shorter-duration, structured financing solutions to commercial real estate professionals. Our sophisticated, service-oriented approach allows us to meet the needs of borrowers, including faster execution and more flexible terms that are not typically provided by Canadian financial institutions. By employing thorough underwriting, active management and strong governance, we are able to meet these needs while generating strong risk-adjusted yields for investors.