The Community Financial Co. (NASDAQ:TCFC) Raises Dividend to $0.15 Per Share


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The Community Financial Co. (NASDAQ:TCFC) declared a quarterly dividend on Thursday, February 25th, Zacks reports. Stockholders of record on Monday, April 12th will be paid a dividend of 0.15 per share by the financial services provider on Monday, April 26th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date is Friday, April 9th. This is an increase from The Community Financial’s previous quarterly dividend of $0.13.

The Community Financial has raised its dividend payment by 25.0% over the last three years and has increased its dividend annually for the last 1 consecutive years. The Community Financial has a dividend payout ratio of 18.2% indicating that its dividend is sufficiently covered by earnings. Analysts expect The Community Financial to earn $2.39 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 25.1%.

Shares of TCFC opened at $34.16 on Thursday. The company has a market cap of $201.54 million, a price-to-earnings ratio of 14.06 and a beta of 0.95. The Community Financial has a twelve month low of $17.50 and a twelve month high of $36.50. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.22. The company has a 50 day moving average of $33.19 and a two-hundred day moving average of $26.97.

The Community Financial (NASDAQ:TCFC) last announced its earnings results on Thursday, February 4th. The financial services provider reported $1.04 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.35. The company had revenue of $18.34 million during the quarter, compared to the consensus estimate of $17.01 million. The Community Financial had a net margin of 17.66% and a return on equity of 7.51%. On average, sell-side analysts expect that The Community Financial will post 2.36 EPS for the current year.

A number of research analysts have issued reports on the stock. Piper Sandler raised shares of The Community Financial from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $30.00 to $34.00 in a report on Tuesday, February 9th. Zacks Investment Research raised shares of The Community Financial from a “hold” rating to a “strong-buy” rating and set a $31.00 price target for the company in a report on Friday, February 12th.

In other The Community Financial news, Director Mohammad Arshed Javaid bought 1,875 shares of The Community Financial stock in a transaction that occurred on Tuesday, February 23rd. The stock was purchased at an average price of $29.92 per share, with a total value of $56,100.00. Following the completion of the acquisition, the director now directly owns 4,215 shares in the company, valued at approximately $126,112.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 10.59% of the company’s stock.

The Community Financial Company Profile

The Community Financial Corporation operates as the bank holding company for Community Bank of the Chesapeake that provides commercial and retail banking services to individuals and businesses. Its deposit products include savings, money market, demand deposit, IRA, SEP, and time deposit accounts. The company provides loan products, such as commercial real estate and other non-residential real estate, residential first mortgage, residential rental mortgage, construction and land development, home equity and second mortgage, commercial, consumer, and commercial equipment loans.

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Dividend History for The Community Financial (NASDAQ:TCFC)

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