Timbercreek Financial (TSE:TF) Announces Earnings Results

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

Timbercreek Financial Price Performance

TSE TF opened at C$5.14 on Thursday. The company has a market cap of C$425.35 million, a PE ratio of 16.58 and a beta of 0.66. The firm’s 50 day moving average price is C$5.32 and its 200-day moving average price is C$6.28. The company has a debt-to-equity ratio of 232.22, a quick ratio of 145.00 and a current ratio of 1.84. Timbercreek Financial has a 52-week low of C$5.03 and a 52-week high of C$7.36.

Timbercreek Financial Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, December 15th. Investors 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 dividend payout ratio is 222.58%.

Insider Activity at Timbercreek Financial

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

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Raymond James Financial dropped 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 report on Thursday, July 30th. National Bank Financial decreased their price target on shares of 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. Canaccord Genuity Group dropped their price objective on shares of Timbercreek Financial from C$6.75 to C$6.25 and set a “hold” rating for the company in a report on Thursday, July 30th. Finally, TD cut their price objective on Timbercreek Financial from C$6.50 to C$5.50 and set a “hold” rating for the company in a research report on Wednesday, October 14th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of C$6.25.

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.