National Bank Financial Estimates TSE:TF FY2024 Earnings

Timbercreek Financial Corp. (TSE:TF - Free Report) - National Bank Financial decreased their FY2024 earnings estimates for shares of Timbercreek Financial in a report issued on Thursday, October 31st. National Bank Financial analyst J. Gloyn now expects that the company will post earnings per share of $0.70 for the year, down from their previous estimate of $0.73. 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 Q4 2024 earnings at $0.17 EPS, Q1 2025 earnings at $0.17 EPS, Q2 2025 earnings at $0.17 EPS, Q3 2025 earnings at $0.17 EPS, FY2025 earnings at $0.70 EPS and FY2026 earnings at $0.73 EPS.

Timbercreek Financial (TSE:TF - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The company reported C$0.17 earnings per share for the quarter, meeting the consensus estimate of C$0.17. Timbercreek Financial had a net margin of 70.41% and a return on equity of 8.73%. The company had revenue of C$25.41 million during the quarter, compared to analyst estimates of C$28.54 million.

Several other research analysts have also recently commented on TF. National Bankshares raised their target price on shares of Timbercreek Financial from C$8.00 to C$8.50 and gave the stock a "sector perform" rating in a report on Wednesday, October 30th. TD Securities raised their price objective on shares of Timbercreek Financial from C$7.50 to C$8.00 in a research report on Friday, August 2nd.

Timbercreek Financial Trading Down 1.3 %

Shares of TF traded down C$0.10 during midday trading on Monday, hitting C$7.43. The stock had a trading volume of 200,907 shares, compared to its average volume of 130,997. Timbercreek Financial has a fifty-two week low of C$6.32 and a fifty-two week high of C$8.29. The business has a 50-day simple moving average of C$8.02 and a two-hundred day simple moving average of C$7.62. The firm has a market cap of C$616.76 million, a P/E ratio of 10.32 and a beta of 1.23. 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 Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be paid a $0.058 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $0.70 annualized dividend and a dividend yield of 9.37%. Timbercreek Financial's dividend payout ratio is presently 94.52%.

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.