National Bankshares Raises Timbercreek Financial (TSE:TF) Price Target to C$8.50

Timbercreek Financial (TSE:TF) had its price objective hoisted by National Bankshares from C$8.00 to C$8.50 in a research note published on Wednesday, BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

Separately, TD Securities raised their price target on Timbercreek Financial from C$7.50 to C$8.00 in a research report on Friday, August 2nd.

Timbercreek Financial Price Performance

Timbercreek Financial stock opened at C$7.53 on Wednesday. The firm has a market capitalization of C$625.07 million, a P/E ratio of 10.32 and a beta of 1.23. The business has a 50-day moving average of C$8.02 and a 200-day moving average of C$7.62. The company has a current ratio of 7.36, a quick ratio of 145.00 and a debt-to-equity ratio of 132.31. Timbercreek Financial has a 1 year low of C$5.96 and a 1 year high of C$8.29.

Timbercreek Financial (TSE:TF) last issued its quarterly earnings data on Wednesday, October 30th. The company reported C$0.17 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of C$0.17. Timbercreek Financial had a net margin of 70.41% and a return on equity of 8.73%. The firm had revenue of C$25.41 million during the quarter, compared to analysts’ expectations of C$28.54 million. On average, equities analysts anticipate that Timbercreek Financial will post 0.7300725 EPS for the current year.

Timbercreek Financial Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be issued a $0.058 dividend. The ex-dividend date is Thursday, October 31st. This represents a $0.70 dividend on an annualized basis and a dividend yield of 9.24%. Timbercreek Financial’s dividend payout ratio (DPR) is 94.52%.

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.