Timbercreek Financial (TSE:TF) Stock Falls 18.7% - Here's Why

Key Points

• Timbercreek Financial shares fell 18.7% to C$4.18 in mid-day trading, with volume nearly five times its average; the article does not identify a specific cause for the selloff.
• Analysts cut several price targets, including TD’s to C$5.50 and National Bank Financial’s to C$6.00. The consensus rating remained Hold, with an average target of C$6.25.
• The company reported quarterly EPS of C$0.10 and announced a monthly dividend of C$0.0575 per share, equivalent to a 16.4% annualized yield; its reported payout ratio was 222.58%.

Timbercreek Financial Corp. (TSE:TF - Get Free Report) was down 18.7% during mid-day trading on Thursday. The stock traded as low as C$4.05 and last traded at C$4.18. Approximately 1,399,516 shares traded hands during trading, an increase of 495% from the average daily volume of 235,082 shares. The stock had previously closed at C$5.14.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. National Bank Financial dropped their target price on shares of Timbercreek Financial from C$6.50 to C$6.00 and set a "sector perform" rating for the company in a report on Wednesday, October 28th. TD reduced their price target on Timbercreek Financial from C$6.50 to C$5.50 and set a "hold" rating for the company in a report on Wednesday, October 14th. Raymond James Financial decreased their price objective on shares of Timbercreek Financial from C$7.50 to C$7.25 and set an "outperform" rating for the company in a report on Thursday, July 30th. Finally, Canaccord Genuity Group dropped their price objective on Timbercreek Financial from C$6.75 to C$6.25 and set a "hold" rating on the stock in a research report on Thursday, July 30th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of C$6.25.

Timbercreek Financial Trading Down 18.3%

The company has a market capitalization of C$347.56 million, a P/E ratio of 13.55 and a beta of 0.66. The stock has a 50 day moving average of C$5.32 and a 200-day moving average of C$6.28. The company has a current ratio of 1.84, a quick ratio of 145.00 and a debt-to-equity ratio of 232.22.

Timbercreek Financial (TSE:TF - Get Free Report) last announced its quarterly earnings data on Wednesday, November 11th. The company reported C$0.10 EPS for the quarter. Timbercreek Financial had a net margin of 17.14% and a return on equity of 3.85%. The firm had revenue of C$32.73 million for the quarter. On average, research analysts predict that Timbercreek Financial Corp. will post 0.73 EPS for the current year.

Timbercreek Financial Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Tuesday, December 15th will be given a dividend of $0.0575 per share. The ex-dividend date of this dividend is Monday, November 30th. This represents a $0.69 annualized dividend and a dividend yield of 16.4%. Timbercreek Financial's payout ratio is currently 222.58%.

Insider Buying and Selling

In other Timbercreek Financial news, Director Robert Blair Tamblyn purchased 9,400 shares of Timbercreek Financial stock in a transaction dated Friday, September 25th. The shares were purchased at an average cost of C$5.31 per share, for a total transaction 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. 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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