Timbercreek Financial (TSE:TF) Stock Gets Price Target Reduction from National Bank Financial

Key Points

• National Bank Financial lowered Timbercreek Financial’s price target to C$6.00 from C$6.50 while maintaining a “sector perform” rating, implying 16.96% upside from the previous close.
• Analyst sentiment remains cautious: Timbercreek has an average “Hold” rating and a consensus price target of C$6.25, with one Buy rating and three Holds.
• The stock fell 0.6% to C$5.13, near its one-year low of C$5.03. Director Robert Blair Tamblyn recently bought 9,400 shares for approximately C$49,914.

Timbercreek Financial (TSE:TF - Get Free Report) had its price target lowered by stock analysts at National Bank Financial from C$6.50 to C$6.00 in a research note issued on Wednesday, BayStreet reports. The firm currently has a "sector perform" rating on the stock. National Bank Financial's price objective indicates a potential upside of 16.96% from the company's previous close.

A number of other analysts have also recently issued reports on TF. Raymond James Financial decreased their target price on 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. TD reduced 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 note on Wednesday, October 14th. Finally, Canaccord Genuity Group decreased their price objective on 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. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Timbercreek Financial presently has an average rating of "Hold" and an average price target of C$6.25.

Timbercreek Financial Stock Down 0.6%

TSE TF traded down C$0.03 during trading on Wednesday, reaching C$5.13. 227,173 shares of the company's stock were exchanged, compared to its average volume of 227,093. Timbercreek Financial has a 1 year low of C$5.03 and a 1 year high of C$7.36. The stock has a market cap of C$424.52 million, a P/E ratio of 16.55 and a beta of 0.84. 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 50 day moving average price of C$5.50 and a two-hundred day moving average price of C$6.39.

Timbercreek Financial (TSE:TF - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The company reported C$0.18 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 company had revenue of C$45.12 million during the quarter. On average, equities research analysts anticipate that Timbercreek Financial will post 0.73 EPS for the current fiscal year.

Insider Transactions at Timbercreek Financial

In other Timbercreek Financial news, Director Robert Blair Tamblyn bought 9,400 shares of the business's stock in a transaction dated 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 purchase, the director owned 127,656 shares in the company, valued at approximately C$677,853.36. This represents a 7.95% increase in their position. 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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