The Community Financial Co. (NASDAQ:TCFC) announced a quarterly dividend on Thursday, December 31st, Wall Street Journal reports. Shareholders of record on Monday, January 11th will be given a dividend of 0.125 per share by the financial services provider on Monday, January 25th. This represents a $0.50 annualized dividend and a dividend yield of 1.89%. The ex-dividend date is Friday, January 8th.
The Community Financial has raised its dividend payment by 25.0% over the last three years and has increased its dividend every year for the last 1 years.
NASDAQ:TCFC opened at $26.48 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.97 and a current ratio of 0.97. The company has a market cap of $156.60 million, a PE ratio of 10.81 and a beta of 0.74. The Community Financial has a 52-week low of $17.50 and a 52-week high of $35.99. The stock has a 50-day simple moving average of $26.65 and a 200 day simple moving average of $23.40.
Separately, Zacks Investment Research raised shares of The Community Financial from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a research report on Wednesday, December 16th.
The Community Financial Company Profile
The Community Financial Corporation operates as the bank holding company for Community Bank of the Chesapeake that provides commercial and retail banking services to individuals and businesses. Its deposit products include savings, money market, demand deposit, IRA, SEP, and time deposit accounts. The company provides loan products, such as commercial real estate and other non-residential real estate, residential first mortgage, residential rental mortgage, construction and land development, home equity and second mortgage, commercial, consumer, and commercial equipment loans.
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