Timbercreek Financial (TSE:TF) Director Robert Blair Tamblyn Purchases 9,400 Shares of Stock

Key Points

• Director Robert Blair Tamblyn purchased 9,400 shares of Timbercreek Financial at an average price of C$5.31, investing C$49,914 and increasing his stake by 7.95% to 127,656 shares.
• Timbercreek Financial shares fell 1.5% to C$5.22, near their one-year low of C$5.20, while the company reported quarterly EPS of C$0.18 and revenue of C$45.12 million.
• Analyst sentiment remains cautious: three analysts rate the stock Hold and one rates it Buy, producing a consensus Hold rating and an average price target of C$6.62 after several target reductions.

Timbercreek Financial Corp. (TSE:TF - Get Free Report) Director Robert Blair Tamblyn bought 9,400 shares of Timbercreek Financial stock in a transaction that occurred on Friday, September 25th. The shares were acquired 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 C$677,853.36. The trade was a 7.95% increase in their position.

Timbercreek Financial Trading Down 1.5%

Shares of TSE TF traded down C$0.08 during midday trading on Tuesday, reaching C$5.22. The company had a trading volume of 130,602 shares, compared to its average volume of 221,770. The stock has a market cap of C$431.97 million, a PE ratio of 16.84 and a beta of 0.80. Timbercreek Financial Corp. has a one year low of C$5.20 and a one year high of C$7.58. The firm's fifty day moving average price is C$5.91 and its 200-day moving average price 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.

Timbercreek Financial (TSE:TF - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The company reported C$0.18 EPS for the quarter. The business 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%. On average, equities research analysts anticipate that Timbercreek Financial Corp. will post 0.7300725 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts recently issued reports on TF shares. TD reduced their price target on Timbercreek Financial from C$7.00 to C$6.50 and set a "hold" rating on the stock in a report on Friday, July 31st. 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 research note on Thursday, July 30th. National Bank Financial cut their price target on shares of Timbercreek Financial from C$7.00 to C$6.50 and set a "sector perform" rating on the stock in a report on Thursday, July 30th. Finally, Canaccord Genuity Group decreased 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. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of C$6.62.

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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