Timbercreek Financial Corp. (TSE:TF - Free Report) - Investment analysts at National Bank Financial boosted their Q1 2024 EPS estimates for Timbercreek Financial in a report issued on Monday, April 29th. National Bank Financial analyst J. Gloyn now expects that the company will earn $0.19 per share for the quarter, up from their prior forecast of $0.18. The consensus estimate for Timbercreek Financial's current full-year earnings is $0.73 per share. National Bank Financial also issued estimates for Timbercreek Financial's Q2 2024 earnings at $0.18 EPS, Q3 2024 earnings at $0.18 EPS and FY2025 earnings at $0.73 EPS.
A number of other research analysts have also issued reports on the stock. TD Securities upgraded shares of Timbercreek Financial from a "hold" rating to a "buy" rating and raised their price objective for the company from C$7.00 to C$8.50 in a report on Wednesday, February 28th. Fundamental Research set a C$9.90 price objective on shares of Timbercreek Financial and gave the company a "buy" rating in a report on Wednesday, March 13th. Finally, National Bankshares raised their price objective on shares of Timbercreek Financial from C$7.00 to C$7.50 and gave the company a "sector perform" rating in a report on Wednesday, February 28th.
Read Our Latest Stock Analysis on TF
Timbercreek Financial Price Performance
Shares of TF traded up C$0.03 during mid-day trading on Wednesday, reaching C$7.49. The company had a trading volume of 76,796 shares, compared to its average volume of 109,824. The company's 50 day simple moving average is C$7.61 and its 200 day simple moving average is C$7.03. Timbercreek Financial has a 1-year low of C$5.74 and a 1-year high of C$7.85. The company has a debt-to-equity ratio of 142.94, a quick ratio of 145.00 and a current ratio of 7.72. The company has a market capitalization of C$621.74 million, a price-to-earnings ratio of 9.60 and a beta of 1.24.
Timbercreek Financial (TSE:TF - Get Free Report) last posted its quarterly earnings results on Monday, February 26th. The company reported C$0.18 earnings per share for the quarter, missing analysts' consensus estimates of C$0.19 by C($0.01). Timbercreek Financial had a net margin of 75.87% and a return on equity of 9.49%. The company had revenue of C$29.72 million during the quarter, compared to analyst estimates of C$29.49 million.
Timbercreek Financial Dividend Announcement
The firm also recently declared a monthly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be given a $0.058 dividend. This represents a $0.70 annualized dividend and a yield of 9.29%. The ex-dividend date is Monday, April 29th. Timbercreek Financial's payout ratio is currently 88.46%.
About Timbercreek Financial
(
Get Free Report)
Timbercreek Financial Corp. provides shorter-duration structured financing solutions to commercial real estate investors in Canada. It focuses on lending against income-producing real estate properties, such as multi-residential, office, and retail buildings in urban markets. The company was founded in 2016 and is headquartered in Toronto, Canada.
Featured Stories
Before you consider Timbercreek Financial, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Timbercreek Financial wasn't on the list.
While Timbercreek Financial currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
