Timbercreek Financial's Price Target Increased by National Bankshares

Timbercreek Financial (TSE:TF) recently saw an increase in its price target set by National Bankshares, rising from C$8.00 to C$8.50. This revision was detailed in a research report made public on Wednesday. According to the brokerage, this new price target suggests a potential upside of approximately 3.16% from where the stock is currently trading.

In a related development, TD Securities also adjusted its price objective for Timbercreek Financial, moving it up from C$7.50 to C$8.00 in a report released on August 2nd.

Recent Stock Performance

On the day of the price target announcement, Timbercreek Financial's stock experienced a slight uptick of 1.2%, trading higher by C$0.10 to reach C$8.24 during midday transactions. The trading volume for the stock was recorded at 101,760 shares, which is lower than its average volume of 127,546 shares. The company exhibits a fifty-day simple moving average of C$8.03 and a two hundred-day simple moving average of C$7.61. Timbercreek Financial's current debt-to-equity ratio stands at 132.31, with a quick ratio of 145.00 and a current ratio of 7.36. The company's market capitalization is approximately C$684.00 million, and it boasts a price-to-earnings ratio of 11.30, along with a beta of 1.23. Over the past fifty-two weeks, the stock has ranged from a low of C$5.74 to a high of C$8.29.

Timbercreek Financial's latest earnings results were released on July 31st, where it reported earnings of C$0.19 per share for the quarter, surpassing the consensus estimate of C$0.18 by a small margin. The company held a strong net margin of 70.41% and returned an equity rate of 8.73%. The revenue for the quarter amounted to C$26.68 million, which fell short of the anticipated C$27.90 million by analysts. Looking ahead, projections indicate that Timbercreek Financial will achieve earnings of approximately 0.7300725 per share in the current fiscal year.

About Timbercreek Financial

Timbercreek Financial Corp. specializes in offering shorter-duration structured financing options aimed at commercial real estate investors across Canada. The firm primarily focuses on lending against various income-producing real estate properties, which include multi-residential, office, and retail buildings located in urban areas. Established in 2016, the company operates out of Toronto, Canada.

Timbercreek, Financial, Stocks