National Bank Financial Analysts Boost Earnings Estimates for Timbercreek Financial Corp. (TSE:TF)

Timbercreek Financial Corp. (TSE:TF) – Analysts at National Bank Financial upped their Q2 2024 earnings per share (EPS) 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 expects that the company will post earnings per share of $0.19 for the quarter, up from their previous 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 Q3 2024 earnings at $0.19 EPS and FY2025 earnings at $0.76 EPS.

Timbercreek Financial (TSE:TF) last posted its earnings results on Monday, February 26th. The company reported C$0.18 earnings per share for the quarter, missing the consensus estimate of C$0.19 by C($0.01). Timbercreek Financial had a return on equity of 9.49% and a net margin of 75.87%. The business had revenue of C$29.72 million during the quarter, compared to analysts’ expectations of C$29.49 million.

Several other brokerages also recently commented on TF. Raymond James set a C$8.40 price objective on shares of Timbercreek Financial and gave the company an “outperform” rating in a research report on Monday. TD Securities cut shares of Timbercreek Financial from a “buy” rating to a “hold” rating and lowered their price objective for the company from C$8.50 to C$8.00 in a research report on Wednesday. Fundamental Research set a C$9.90 price objective on shares of Timbercreek Financial and gave the stock a “buy” rating in a research note on Wednesday, March 13th. Finally, National Bankshares increased their price objective on 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.

Timbercreek Financial Trading Down 2.4 %

Shares of TF opened at C$7.35 on Thursday. The firm has a 50 day moving average price of C$7.62 and a 200-day moving average price of C$7.07. Timbercreek Financial has a fifty-two week low of C$5.74 and a fifty-two week high of C$7.85. The firm has a market cap of C$610.12 million, a price-to-earnings ratio of 9.42 and a beta of 1.24. The company has a debt-to-equity ratio of 142.94, a quick ratio of 145.00 and a current ratio of 7.72.

Timbercreek Financial Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be paid a dividend of $0.058 per share. This represents a $0.70 annualized dividend and a yield of 9.47%. The ex-dividend date is Monday, April 29th. Timbercreek Financial’s dividend payout ratio (DPR) is presently 88.46%.

Timbercreek Financial Company Profile

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.