Timbercreek Financial (TSE:TF) Given a C$4.50 Price Target by National Bank Financial Analysts

Timbercreek Financial (TSE:TF) has been assigned a C$4.50 target price by research analysts at National Bank Financial in a research report issued on Friday, BayStreet reports. The firm currently has a “sector perform” rating on the stock. National Bank Financial‘s price objective would indicate a potential upside of 4.17% from the stock’s previous close.

Other equities research analysts have also issued reports about the company. TD lowered their price objective on Timbercreek Financial from C$5.50 to C$5.00 and set a “hold” rating for the company in a research note on Thursday. Raymond James Financial downgraded Timbercreek Financial from an “outperform” rating to a “market perform” rating and cut their price target for the company from C$7.25 to C$5.00 in a report on Friday. Finally, Canaccord Genuity Group reduced their price target on Timbercreek Financial from C$6.75 to C$6.25 and set a “hold” rating on the stock in a research report on Thursday, July 30th. Four equities research analysts have rated the stock with a Hold rating. Based on data from MarketBeat.com, Timbercreek Financial presently has an average rating of “Hold” and an average price target of C$5.19.

Timbercreek Financial Price Performance

TSE:TF traded up C$0.08 on Friday, reaching C$4.32. 917,514 shares of the company’s stock traded hands, compared to its average volume of 241,527. 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 has a 12 month low of C$4.05 and a 12 month high of C$7.36. The stock has a 50-day simple moving average of C$5.29 and a 200-day simple moving average of C$6.27. The firm has a market cap of C$357.49 million, a PE ratio of 13.94 and a beta of 0.66.

Timbercreek Financial (TSE:TF) last released its quarterly earnings data 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 firm had revenue of C$32.73 million for the quarter. Equities research analysts forecast that Timbercreek Financial will post 0.73 earnings per share for the current year.

Insider Buying and Selling

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

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.