Timbercreek Financial (TSE:TF) Director Purchases C$49,914.00 in Stock

Timbercreek Financial Corp. (TSE:TF) Director Robert Blair Tamblyn acquired 9,400 shares of the business’s stock in a transaction dated 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 acquisition, the director owned 127,656 shares of the company’s stock, valued at approximately C$677,853.36. This represents a 7.95% increase in their ownership of the stock.

Timbercreek Financial Stock Down 1.7%

TF stock opened at C$5.17 on Friday. The firm has a 50 day moving average of C$5.85 and a 200 day moving average of C$6.34. The stock has a market capitalization of C$427.83 million, a PE ratio of 16.68 and a beta of 0.80. The company has a quick ratio of 145.00, a current ratio of 1.84 and a debt-to-equity ratio of 232.22. Timbercreek Financial Corp. has a 52 week low of C$5.16 and a 52 week high of C$7.55.

Timbercreek Financial (TSE:TF) last issued its quarterly earnings results on Wednesday, July 29th. The company reported C$0.18 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$45.12 million for the quarter. Sell-side analysts forecast that Timbercreek Financial Corp. will post 0.7300725 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on TF. National Bank Financial reduced their target price 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. Raymond James Financial lowered 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 report on Thursday, July 30th. TD decreased their price objective on Timbercreek Financial from C$7.00 to C$6.50 and set a “hold” rating for the company in a report on Friday, July 31st. Finally, Canaccord Genuity Group decreased their price target on Timbercreek Financial from C$6.75 to C$6.25 and set a “hold” rating for the company in a report on Thursday, July 30th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of C$6.62.

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.