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

Timbercreek Financial (TSE:TF - Free Report) had its price target increased by National Bankshares from C$8.00 to C$8.50 in a research report sent to investors on Wednesday, BayStreet.CA reports. National Bankshares currently has a sector perform rating on the stock.

Separately, TD Securities lifted their price objective on shares of Timbercreek Financial from C$7.50 to C$8.00 in a research note on Friday, August 2nd.

Timbercreek Financial Stock Up 1.4 %

TSE:TF traded up C$0.11 during mid-day trading on Wednesday, hitting C$8.25. 142,935 shares of the company's stock traded hands, compared to its average volume of 127,743. The company has a fifty day moving average of C$8.03 and a 200 day moving average of C$7.62. The company has a debt-to-equity ratio of 132.31, a quick ratio of 145.00 and a current ratio of 7.36. Timbercreek Financial has a twelve month low of C$5.74 and a twelve month high of C$8.29. The company has a market capitalization of C$684.83 million, a P/E ratio of 11.30 and a beta of 1.23.

Timbercreek Financial (TSE:TF - Get Free Report) last posted its quarterly earnings results on Wednesday, July 31st. The company reported C$0.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of C$0.18 by C$0.01. The business had revenue of C$26.68 million during the quarter, compared to analysts' expectations of C$27.90 million. Timbercreek Financial had a net margin of 70.41% and a return on equity of 8.73%. On average, analysts forecast that Timbercreek Financial will post 0.7300725 EPS for the current year.

Timbercreek Financial Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be paid a $0.058 dividend. This represents a $0.70 annualized dividend and a yield of 8.44%. The ex-dividend date of this dividend is Thursday, October 31st. Timbercreek Financial's dividend payout ratio is currently 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.