National Bank Financial Reiterates "C$4.50" Price Target for Timbercreek Financial (TSE:TF)

Key Points

• National Bank Financial reiterated its C$4.50 price target and “sector perform” rating for Timbercreek Financial, implying 4.17% upside from the C$4.32 share price.
• Other analysts have also taken a cautious stance: Raymond James and TD set C$5.00 targets, while Canaccord Genuity set C$6.25. MarketBeat reports a consensus “Hold” rating and C$5.19 target.
• Timbercreek reported quarterly EPS of C$0.10 and revenue of C$32.73 million; a director also purchased 9,400 shares at C$5.31 each.

Timbercreek Financial (TSE:TF - Get Free Report) has been given a C$4.50 price target by research analysts at National Bank Financial in a note issued to investors on Friday, BayStreet reports. The firm currently has a "sector perform" rating on the stock. National Bank Financial's price target would suggest a potential upside of 4.17% from the stock's current price.

Other equities analysts have also recently issued reports about the stock. Raymond James Financial cut shares of Timbercreek Financial from an "outperform" rating to a "market perform" rating and decreased their price target for the company from C$7.25 to C$5.00 in a research report on Friday. TD decreased their price target on Timbercreek Financial from C$5.50 to C$5.00 and set a "hold" rating for the company in a research note on Thursday. Finally, Canaccord Genuity Group lowered their price objective 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. Four research analysts have rated the stock with a Hold rating. Based on data from MarketBeat, Timbercreek Financial currently has a consensus rating of "Hold" and a consensus target price of C$5.19.

Timbercreek Financial Trading Up 1.9%

Shares of TF stock traded up C$0.08 during mid-day trading on Friday, reaching C$4.32. 917,514 shares of the stock traded hands, compared to its average volume of 241,527. The company has a market cap of C$357.49 million, a price-to-earnings ratio of 13.94 and a beta of 0.66. 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's fifty day simple moving average is C$5.29 and its two-hundred day simple moving average is C$6.27. Timbercreek Financial has a 1-year low of C$4.05 and a 1-year high of C$7.36.

Timbercreek Financial (TSE:TF - Get Free Report) last issued its quarterly earnings data on Wednesday, November 11th. The company reported C$0.10 earnings per share (EPS) for the quarter. Timbercreek Financial had a net margin of 17.14% and a return on equity of 3.85%. The business had revenue of C$32.73 million during the quarter. On average, research analysts anticipate 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 purchased 9,400 shares of the firm's stock in a transaction on Friday, September 25th. The stock was purchased at an average cost of C$5.31 per share, for a total transaction of C$49,914.00. Following the acquisition, the director owned 127,656 shares in the company, valued at approximately C$677,853.36. The trade was 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.

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