Timbercreek Financial (TSE:TF) Stock Price Up 0.1% – Still a Buy?

Shares of Timbercreek Financial Corp. (TSE:TF) were up 0.1% during trading on Tuesday . The company traded as high as C$7.25 and last traded at C$7.21. Approximately 198,218 shares were traded during mid-day trading, an increase of 47% from the average daily volume of 134,504 shares. The stock had previously closed at C$7.20.

Analyst Ratings Changes

Separately, National Bankshares boosted their price target on shares of Timbercreek Financial from C$8.00 to C$8.50 and gave the company a “sector perform” rating in a research report on Wednesday, October 30th.

Timbercreek Financial Stock Up 0.1 %

The stock’s fifty day moving average price is C$7.74 and its 200 day moving average price is C$7.67. The company has a current ratio of 7.36, a quick ratio of 145.00 and a debt-to-equity ratio of 132.31. The stock has a market cap of C$598.50 million, a P/E ratio of 9.88 and a beta of 1.23.

Timbercreek Financial (TSE:TF) last announced its quarterly earnings data on Wednesday, October 30th. The company reported C$0.17 earnings per share for the quarter, hitting 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 analyst estimates of C$28.54 million. As a group, research analysts forecast that Timbercreek Financial Corp. will post 0.7300725 earnings per share for the current fiscal year.

Timbercreek Financial Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were issued a $0.058 dividend. This represents a $0.70 annualized dividend and a dividend yield of 9.65%. The ex-dividend date of this dividend was Thursday, October 31st. Timbercreek Financial’s dividend payout ratio 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.