Timbercreek Financial (TSE:TF) Director Purchases 9,400 Shares of Company Stock

Timbercreek Financial Corp. (TSE:TF) Director Robert Blair Tamblyn acquired 9,400 shares of the firm’s stock in a transaction that occurred on Friday, September 25th. The stock was purchased at an average price of C$5.31 per share, with a total value of C$49,914.00. Following the completion of the acquisition, the director owned 127,656 shares in the company, valued at C$677,853.36. The trade was a 7.95% increase in their ownership of the stock.

Timbercreek Financial Stock Down 1.5%

Shares of Timbercreek Financial stock traded down C$0.08 on Tuesday, reaching C$5.22. The company’s stock had a trading volume of 130,602 shares, compared to its average volume of 221,770. Timbercreek Financial Corp. has a 52 week low of C$5.20 and a 52 week high of C$7.58. The firm’s fifty day simple moving average is C$5.91 and its two-hundred day simple moving average is C$6.37. 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 company has a market capitalization of C$431.97 million, a price-to-earnings ratio of 16.84 and a beta of 0.80.

Timbercreek Financial (TSE:TF) last released its quarterly earnings data on Wednesday, July 29th. The company reported C$0.18 EPS for the quarter. The company had revenue of C$45.12 million for the quarter. Timbercreek Financial had a return on equity of 3.85% and a net margin of 17.14%. Equities analysts anticipate that Timbercreek Financial Corp. will post 0.7300725 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on TF shares. Canaccord Genuity Group decreased their target price on shares of Timbercreek Financial from C$6.75 to C$6.25 and set a “hold” rating for the company in a research note on Thursday, July 30th. National Bank Financial cut their price objective on shares of Timbercreek Financial from C$7.00 to C$6.50 and set a “sector perform” rating for the company in a research report on Thursday, July 30th. TD cut their price objective on shares of Timbercreek Financial from C$7.00 to C$6.50 and set a “hold” rating for the company in a report on Friday, July 31st. Finally, Raymond James Financial reduced their target price 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 investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of C$6.62.

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.