National Bank Financial Weighs in on Timbercreek Financial Corp.’s Q1 2024 Earnings (TSE:TF)

Timbercreek Financial Corp. (TSE:TF) – Investment analysts at National Bank Financial raised their Q1 2024 earnings per share (EPS) estimates for shares of Timbercreek Financial in a research note issued to investors on Monday, April 29th. National Bank Financial analyst J. Gloyn now expects that the company will post earnings per share of $0.19 for the quarter, up from their prior estimate 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.

TF has been the subject of several other reports. National Bankshares lifted their target price on Timbercreek Financial from C$7.00 to C$7.50 and gave the company a “sector perform” rating in a research report on Wednesday, February 28th. Fundamental Research set a C$9.90 target price on Timbercreek Financial and gave the company a “buy” rating in a research report on Wednesday, March 13th. Finally, TD Securities raised Timbercreek Financial from a “hold” rating to a “buy” rating and lifted their target price for the company from C$7.00 to C$8.50 in a research report on Wednesday, February 28th.

Timbercreek Financial Stock Up 0.5 %

Shares of TSE:TF opened at C$7.53 on Wednesday. The business has a 50-day moving average price of C$7.62 and a 200 day moving average price of C$7.04. The company has a current ratio of 7.72, a quick ratio of 145.00 and a debt-to-equity ratio of 142.94. The company has a market capitalization of C$625.07 million, a price-to-earnings ratio of 9.65 and a beta of 1.24. Timbercreek Financial has a 12-month low of C$5.74 and a 12-month high of C$7.85.

Timbercreek Financial (TSE:TF) last issued 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). The business had revenue of C$29.72 million for the quarter, compared to analyst estimates of C$29.49 million. Timbercreek Financial had a return on equity of 9.49% and a net margin of 75.87%.

Timbercreek Financial Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be paid a $0.058 dividend. This represents a $0.70 annualized dividend and a dividend yield of 9.24%. The ex-dividend date is Monday, April 29th. Timbercreek Financial’s payout ratio is presently 88.46%.

About Timbercreek Financial

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.