Timbercreek Financial Corp. (TSE:TF - Free Report) - Equities researchers at National Bank Financial upped their Q4 2024 earnings estimates for shares of Timbercreek Financial in a research report issued to clients and investors on Monday, May 6th. National Bank Financial analyst J. Gloyn now forecasts that the company will post earnings per share of $0.19 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 Q1 2025 earnings at $0.18 EPS.
TF has been the topic of a number of other reports. Raymond James set a C$8.40 target price on Timbercreek Financial and gave the stock an "outperform" rating in a research report on Monday. TD Securities downgraded shares of Timbercreek Financial from a "buy" rating to a "hold" rating and cut their price objective for the stock from C$8.50 to C$8.00 in a report on Wednesday. National Bankshares upped their target price on shares of Timbercreek Financial from C$7.00 to C$7.50 and gave the stock a "sector perform" rating in a research note on Wednesday, February 28th. Finally, Fundamental Research set a C$9.90 price target on shares of Timbercreek Financial and gave the company a "buy" rating in a research report on Wednesday, March 13th.
Read Our Latest Research Report on Timbercreek Financial
Timbercreek Financial Stock Down 2.4 %
Shares of Timbercreek Financial stock traded down C$0.18 during trading on Wednesday, reaching C$7.35. 270,755 shares of the company traded hands, compared to its average volume of 112,544. The firm has a market capitalization of C$610.12 million, a PE ratio of 9.42 and a beta of 1.24. Timbercreek Financial has a 1-year low of C$5.74 and a 1-year high of C$7.85. The company has a 50 day moving average price of C$7.62 and a 200-day moving average price of C$7.07. The company has a debt-to-equity ratio of 142.94, a current ratio of 7.72 and a quick ratio of 145.00.
Timbercreek Financial (TSE:TF - Get Free Report) last announced its quarterly earnings data on Monday, February 26th. The company reported C$0.18 earnings per share (EPS) 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 business had revenue of C$29.72 million during the quarter, compared to analyst estimates of C$29.49 million.
Timbercreek Financial Announces Dividend
The company also recently declared a monthly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be issued a $0.058 dividend. The ex-dividend date of this dividend is Monday, April 29th. This represents a $0.70 annualized dividend and a dividend yield of 9.47%. Timbercreek Financial's payout ratio is currently 88.46%.
About Timbercreek Financial
(
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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.
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