Timbercreek Financial (TSE:TF) Stock Gets Downgrade from Raymond James Financial

Timbercreek Financial (TSE:TF) was downgraded by equities researchers at Raymond James Financial from an “outperform” rating to a “market perform” rating in a research note issued on Friday, BayStreet reports. They currently have a C$5.00 target price on the stock, down from their prior target price of C$7.25. Raymond James Financial‘s price objective would suggest a potential upside of 15.74% from the stock’s current price.

Several other research firms have also weighed in on TF. Canaccord Genuity Group reduced their price target on shares of Timbercreek Financial from C$6.75 to C$6.25 and set a “hold” rating for the company in a research report on Thursday, July 30th. National Bank Financial lowered their price objective on shares of Timbercreek Financial from C$6.50 to C$6.00 and set a “sector perform” rating on the stock in a research report on Wednesday, October 28th. Finally, TD decreased their price target on shares of Timbercreek Financial from C$5.50 to C$5.00 and set a “hold” rating for the company in a research note on Thursday. Four analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of C$5.19.

Timbercreek Financial Stock Up 1.9%

Shares of TSE TF traded up C$0.08 during trading on Friday, hitting C$4.32. The stock had a trading volume of 917,514 shares, compared to its average volume of 241,527. Timbercreek Financial has a 12 month low of C$4.05 and a 12 month high of C$7.36. The firm has a fifty day moving average of C$5.29 and a two-hundred day moving average of C$6.27. The company has a debt-to-equity ratio of 232.22, a current ratio of 1.84 and a quick ratio of 145.00. The company has a market capitalization of C$357.49 million, a PE ratio of 13.94 and a beta of 0.66.

Timbercreek Financial (TSE:TF) last announced 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 return on equity of 3.85% and a net margin of 17.14%. The firm had revenue of C$32.73 million during the quarter. As a group, equities research analysts forecast that Timbercreek Financial will post 0.73 EPS for the current fiscal year.

Insider Transactions at Timbercreek Financial

In other Timbercreek Financial news, Director Robert Blair Tamblyn acquired 9,400 shares of the company’s stock in a transaction on Friday, September 25th. The shares were acquired at an average cost of C$5.31 per share, with a total value of C$49,914.00. Following the completion of the acquisition, the director directly 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.

About Timbercreek Financial

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.