Timbercreek Financial (TSE:TF) Issues Earnings Results

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

Timbercreek Financial Price Performance

TSE:TF traded up C$0.02 during trading hours on Wednesday, reaching C$5.14. The stock had a trading volume of 120,671 shares, compared to its average volume of 230,391. The company has a debt-to-equity ratio of 232.22, a quick ratio of 145.00 and a current ratio of 1.84. The stock has a market capitalization of C$425.35 million, a PE ratio of 16.58 and a beta of 0.66. Timbercreek Financial has a 52 week low of C$5.03 and a 52 week high of C$7.36. The company has a 50 day moving average price of C$5.33 and a two-hundred day moving average price of C$6.29.

Timbercreek Financial Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 15th will be paid a $0.0575 dividend. The ex-dividend date of this dividend is Monday, November 30th. This represents a $0.69 dividend on an annualized basis and a yield of 13.4%. Timbercreek Financial’s payout ratio is presently 222.58%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on TF. TD reduced their price objective on shares of Timbercreek Financial from C$6.50 to C$5.50 and set a “hold” rating for the company in a research note on Wednesday, October 14th. Canaccord Genuity Group cut their target price on Timbercreek Financial from C$6.75 to C$6.25 and set a “hold” rating for the company in a research report on Thursday, July 30th. National Bank Financial decreased their target price on Timbercreek Financial from C$6.50 to C$6.00 and set a “sector perform” rating on the stock in a research note on Wednesday, October 28th. Finally, Raymond James Financial lowered their price target on Timbercreek Financial from C$7.50 to C$7.25 and set an “outperform” rating on the stock in a report on Thursday, July 30th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Timbercreek Financial currently has a consensus rating of “Hold” and a consensus price target of C$6.25.

Insider Buying and Selling at Timbercreek Financial

In other Timbercreek Financial news, Director Robert Blair Tamblyn purchased 9,400 shares of Timbercreek Financial stock in a transaction that occurred on Friday, September 25th. The shares were bought at an average price 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 approximately C$677,853.36. This trade represents a 7.95% increase in their position. Company insiders own 0.85% of the company’s stock.

About Timbercreek Financial

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.