Timbercreek Financial (TSE:TF) Given New C$8.00 Price Target at National Bankshares

Timbercreek Financial (TSE:TF) had its price objective boosted by National Bankshares from C$7.50 to C$8.00 in a report released on Thursday morning, BayStreet.CA reports.

Several other research analysts also recently commented on TF. TD Securities reduced their price objective on Timbercreek Financial from C$8.00 to C$7.50 and set a hold rating for the company in a research note on Thursday, May 30th. Raymond James set a C$8.40 price objective on Timbercreek Financial and gave the company an outperform rating in a research note on Monday, May 6th.

Timbercreek Financial Trading Down 1.4 %

Shares of TF stock opened at C$7.56 on Thursday. The company has a debt-to-equity ratio of 134.84, a current ratio of 110.86 and a quick ratio of 145.00. The company has a market cap of C$627.56 million, a price-to-earnings ratio of 10.22 and a beta of 1.24. The stock has a 50 day simple moving average of C$7.32 and a 200-day simple moving average of C$7.39. Timbercreek Financial has a 1-year low of C$5.74 and a 1-year high of C$7.85.

Timbercreek Financial (TSE:TF) last announced its earnings results on Monday, May 6th. The company reported C$0.17 earnings per share for the quarter, missing the consensus estimate of C$0.19 by C($0.02). The business had revenue of C$24.93 million for the quarter, compared to analyst estimates of C$26.23 million. Timbercreek Financial had a return on equity of 8.97% and a net margin of 72.79%. On average, equities research analysts expect that Timbercreek Financial will post 0.7258727 EPS for the current fiscal year.

Timbercreek Financial Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Wednesday, July 31st will be paid a $0.058 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 9.21%. The ex-dividend date is Wednesday, July 31st. Timbercreek Financial’s dividend payout ratio (DPR) is presently 93.24%.

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.