Timbercreek Financial (TSE:TF) Stock Falls 18.7% – Should You Sell?

Timbercreek Financial Corp. (TSE:TF)’s stock price dropped 18.7% during trading on Thursday. The company traded as low as C$4.05 and last traded at C$4.18. 1,399,516 shares traded hands during mid-day trading, an increase of 495% from the average session volume of 235,082 shares. The stock had previously closed at C$5.14.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. TD reduced their target price on shares of Timbercreek Financial from C$6.50 to C$5.50 and set a “hold” rating for the company in a report on Wednesday, October 14th. National Bank Financial lowered their price target on Timbercreek Financial from C$6.50 to C$6.00 and set a “sector perform” rating for the company in a research report on Wednesday, October 28th. Raymond James Financial dropped their price objective on shares of Timbercreek Financial from C$7.50 to C$7.25 and set an “outperform” rating on the stock 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 on the stock in a research note on Thursday, July 30th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of C$6.25.

Timbercreek Financial Stock Down 18.3%

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’s fifty day simple moving average is C$5.32 and its two-hundred day simple moving average is C$6.28. The company has a market cap of C$347.56 million, a PE ratio of 13.55 and a beta of 0.66.

Timbercreek Financial (TSE:TF) last announced its earnings results on Wednesday, November 11th. The company reported C$0.10 earnings per share (EPS) for the quarter. Timbercreek Financial had a net margin of 17.14% and a return on equity of 3.85%. The business had revenue of C$32.73 million for the quarter. On average, analysts predict that Timbercreek Financial Corp. will post 0.73 earnings per share for the current year.

Timbercreek Financial Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Tuesday, December 15th will be issued a dividend of $0.0575 per share. This represents a $0.69 annualized dividend and a dividend yield of 16.4%. The ex-dividend date is Monday, November 30th. Timbercreek Financial’s payout ratio is currently 222.58%.

Insider Buying and Selling

In other Timbercreek Financial news, Director Robert Blair Tamblyn bought 9,400 shares of Timbercreek Financial stock in a transaction on Friday, September 25th. The shares were bought at an average price of C$5.31 per share, for a total transaction of C$49,914.00. Following the completion of the transaction, the director directly owned 127,656 shares of the company’s stock, valued at C$677,853.36. This trade represents a 7.95% increase in their ownership of the stock. 0.85% of the stock is owned by corporate insiders.

Timbercreek Financial Company Profile

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.