Key Points
- Director Robert Blair Tamblyn purchased 9,400 shares of Timbercreek Financial at C$5.31 each, investing approximately C$49,914 and increasing his ownership by 7.95% to 127,656 shares.
- Timbercreek Financial shares opened at C$5.25, near their one-year low of C$5.20 and below both the 50-day and 200-day moving averages. The company reported quarterly EPS of C$0.18 and revenue of C$45.12 million.
- Analyst sentiment remains cautious: one analyst rates the stock Buy and three rate it Hold, producing an overall “Hold” consensus and an average price target of C$6.62 after several target reductions.
Timbercreek Financial Corp. (TSE:TF - Get Free Report) Director Robert Blair Tamblyn acquired 9,400 shares of the company's stock in a transaction dated Friday, September 25th. The shares were acquired at an average cost of C$5.31 per share, with a total value of C$49,914.00. Following the completion of the purchase, the director owned 127,656 shares in the company, valued at approximately C$677,853.36. This represents a 7.95% increase in their ownership of the stock.
Timbercreek Financial Trading Down 0.9%
Shares of Timbercreek Financial stock opened at C$5.25 on Wednesday. Timbercreek Financial Corp. has a 1 year low of C$5.20 and a 1 year high of C$7.58. The company has a debt-to-equity ratio of 232.22, a current ratio of 1.84 and a quick ratio of 145.00. The business has a 50 day moving average price of C$5.89 and a 200 day moving average price of C$6.36. The company has a market capitalization of C$434.45 million, a P/E ratio of 16.94 and a beta of 0.80.
Timbercreek Financial (TSE:TF - Get Free Report) last announced its earnings results on Wednesday, July 29th. The company reported C$0.18 EPS for the quarter. The firm had revenue of C$45.12 million for the quarter. Timbercreek Financial had a return on equity of 3.85% and a net margin of 17.14%. Sell-side analysts anticipate that Timbercreek Financial Corp. will post 0.7300725 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of research firms recently commented on TF. TD dropped their price objective on Timbercreek Financial from C$7.00 to C$6.50 and set a "hold" rating for the company in a research report on Friday, July 31st. Raymond James Financial decreased their price target on shares of Timbercreek Financial from C$7.50 to C$7.25 and set an "outperform" rating on the stock in a research note on Thursday, July 30th. National Bank Financial lowered their price target on shares of Timbercreek Financial from C$7.00 to C$6.50 and set a "sector perform" rating for the company in a report on Thursday, July 30th. Finally, Canaccord Genuity Group cut their price objective on shares of Timbercreek Financial from C$6.75 to C$6.25 and set a "hold" rating for the company in a research report on Thursday, July 30th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of C$6.62.
Read Our Latest Research Report on Timbercreek Financial
Timbercreek Financial Company Profile
(
Get Free Report)
Timbercreek Financial is a leading non-bank, commercial real estate lender providing shorter-duration, structured financing solutions to commercial real estate professionals. Our sophisticated, service-oriented approach allows us to meet the needs of borrowers, including faster execution and more flexible terms that are not typically provided by Canadian financial institutions. By employing thorough underwriting, active management and strong governance, we are able to meet these needs while generating strong risk-adjusted yields for investors.
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