Timbercreek Financial Corp (TSE:TF) – Stock analysts at National Bank Financial decreased their Q3 2019 earnings per share (EPS) estimates for shares of Timbercreek Financial in a report released on Thursday, August 8th. National Bank Financial analyst J. Gloyn now anticipates that the company will post earnings of $0.17 per share for the quarter, down from their previous estimate of $0.18. National Bank Financial currently has a “Outperform” rating and a $10.00 target price on the stock. National Bank Financial also issued estimates for Timbercreek Financial’s Q4 2019 earnings at $0.17 EPS, Q1 2020 earnings at $0.17 EPS, Q2 2020 earnings at $0.17 EPS and FY2020 earnings at $0.68 EPS.

Timbercreek Financial (TSE:TF) last released its earnings results on Wednesday, August 7th. The company reported C$0.16 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.20 by C($0.04). The company had revenue of C$24.98 million for the quarter, compared to analyst estimates of C$26.20 million.

TF has been the subject of a number of other research reports. Fundamental Research raised their target price on shares of Timbercreek Financial from C$10.20 to C$10.23 and gave the company a “top pick” rating in a research report on Monday, May 13th. Raymond James reaffirmed a “market perform” rating and issued a C$10.00 target price on shares of Timbercreek Financial in a research report on Friday, August 9th. Finally, Echelon Wealth Partners reaffirmed a “buy” rating on shares of Timbercreek Financial in a research report on Tuesday, April 30th. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Timbercreek Financial presently has a consensus rating of “Buy” and an average target price of C$9.85.

Timbercreek Financial stock opened at C$9.50 on Monday. The company has a market capitalization of $793.31 million and a P/E ratio of 14.05. Timbercreek Financial has a 1-year low of C$8.50 and a 1-year high of C$9.77. The company has a fifty day simple moving average of C$9.59. The company has a current ratio of 133.16, a quick ratio of 128.85 and a debt-to-equity ratio of 159.27.

The firm also recently announced a monthly dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, August 15th will be given a $0.0575 dividend. This represents a $0.69 dividend on an annualized basis and a yield of 7.26%. The ex-dividend date is Tuesday, July 30th. Timbercreek Financial’s dividend payout ratio (DPR) is currently 93.57%.

About Timbercreek Financial

Timbercreek Financial Corporation, a mortgage investment company, provides shorter-duration structured financing solutions to commercial real estate investors in Canada. It focuses on lending against income-producing commercial real estate properties, such as multi-residential, office, and retail buildings located in urban markets.

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Earnings History and Estimates for Timbercreek Financial (TSE:TF)

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