Timbercreek Financial (TSE:TF) Cut to Market Perform at Raymond James Financial

Timbercreek Financial (TSE:TF) was downgraded by analysts at Raymond James Financial from an “outperform” rating to a “market perform” rating in a report released on Friday, BayStreet reports. They presently have a C$5.00 price target on the stock, down from their prior price target of C$7.25. Raymond James Financial‘s price target would suggest a potential upside of 15.74% from the stock’s current price.

A number of other equities research analysts also recently issued reports on the stock. Canaccord Genuity Group reduced their price objective on shares of Timbercreek Financial from C$6.75 to C$6.25 and set a “hold” rating on the stock in a research note on Thursday, July 30th. TD reduced their price objective on Timbercreek Financial from C$5.50 to C$5.00 and set a “hold” rating on the stock in a research note on Thursday. Finally, National Bank Financial lowered their target price on 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. Four investment analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of C$5.19.

Timbercreek Financial Price Performance

Shares of TSE TF traded up C$0.08 during midday trading on Friday, reaching C$4.32. The company’s stock had a trading volume of 917,514 shares, compared to its average volume of 241,527. 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 company has a market cap of C$357.49 million, a P/E ratio of 13.94 and a beta of 0.66. The business’s 50 day moving average price is C$5.29 and its two-hundred day moving average price is C$6.27. Timbercreek Financial has a fifty-two week low of C$4.05 and a fifty-two week high of C$7.36.

Timbercreek Financial (TSE:TF) last announced its quarterly earnings data on Wednesday, November 11th. The company reported C$0.10 earnings per share for the quarter. The firm had revenue of C$32.73 million during the quarter. Timbercreek Financial had a return on equity of 3.85% and a net margin of 17.14%. On average, analysts forecast that Timbercreek Financial will post 0.73 EPS for the current fiscal year.

Insider Buying and Selling

In other Timbercreek Financial news, Director Robert Blair Tamblyn bought 9,400 shares of Timbercreek Financial stock in a transaction on Friday, September 25th. The shares were purchased at an average cost of C$5.31 per share, with a total value of C$49,914.00. Following the acquisition, the director directly owned 127,656 shares of the company’s stock, valued at C$677,853.36. The trade was a 7.95% increase in their position. 0.85% of the stock is currently owned by corporate insiders.

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.