Timbercreek Financial (TSE:TF) Trading 0.1% Higher – Should You Buy?

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

Analysts Set New Price Targets

Separately, National Bankshares increased their price objective 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 Down 0.7 %

The business’s fifty day simple moving average is C$7.70 and its two-hundred day simple moving average is C$7.67. The company has a market cap of C$575.26 million, a PE ratio of 9.49 and a beta of 1.23. The company has a debt-to-equity ratio of 132.31, a current ratio of 7.36 and a quick ratio of 145.00.

Timbercreek Financial (TSE:TF) last issued its quarterly earnings data on Wednesday, October 30th. The company reported C$0.17 EPS for the quarter, meeting the consensus estimate of C$0.17. The company had revenue of C$25.41 million for the quarter, compared to analyst estimates of C$28.54 million. Timbercreek Financial had a return on equity of 8.73% and a net margin of 70.41%. On average, analysts predict that Timbercreek Financial Corp. will post 0.7300725 earnings per share for the current year.

Timbercreek Financial Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were issued a $0.058 dividend. This represents a $0.70 annualized dividend and a yield of 10.04%. The ex-dividend date of this dividend was Thursday, October 31st. Timbercreek Financial’s 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.