TSE:TF FY2024 EPS Decreased by National Bank Financial

Timbercreek Financial Corp. (TSE:TF) – Investment analysts at National Bank Financial decreased their FY2024 earnings estimates for shares of Timbercreek Financial in a report issued on Thursday, October 31st. National Bank Financial analyst J. Gloyn now forecasts that the company will earn $0.70 per share for the year, down from their prior estimate of $0.73. The consensus estimate for Timbercreek Financial’s current full-year earnings is $0.73 per share. National Bank Financial also issued estimates for Timbercreek Financial’s Q4 2024 earnings at $0.17 EPS, Q1 2025 earnings at $0.17 EPS, Q2 2025 earnings at $0.17 EPS, Q3 2025 earnings at $0.17 EPS, FY2025 earnings at $0.70 EPS and FY2026 earnings at $0.73 EPS.

Several other research firms also recently issued reports on TF. TD Securities boosted their price target on Timbercreek Financial from C$7.50 to C$8.00 in a research note on Friday, August 2nd. National Bankshares raised their price target on Timbercreek Financial from C$8.00 to C$8.50 and gave the stock a “sector perform” rating in a research report on Wednesday, October 30th.

Timbercreek Financial Trading Down 0.7 %

TSE TF opened at C$7.53 on Monday. The company has a market cap of C$625.07 million, a PE ratio of 10.32 and a beta of 1.23. Timbercreek Financial has a 12 month low of C$5.96 and a 12 month high of C$8.29. The stock has a 50 day moving average of C$8.02 and a 200-day moving average of C$7.62. The company has a current ratio of 7.36, a quick ratio of 145.00 and a debt-to-equity ratio of 132.31.

Timbercreek Financial (TSE:TF) last released its earnings results on Wednesday, October 30th. The company reported C$0.17 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of C$0.17. Timbercreek Financial had a return on equity of 8.73% and a net margin of 70.41%. The firm had revenue of C$25.41 million during the quarter, compared to analysts’ expectations of C$28.54 million.

Timbercreek Financial Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be issued a dividend of $0.058 per share. This represents a $0.70 dividend on an annualized basis and a yield of 9.24%. The ex-dividend date of this dividend is Thursday, October 31st. Timbercreek Financial’s dividend payout ratio is 94.52%.

Timbercreek Financial Company Profile

Timbercreek Financial Corp. provides shorter-duration structured financing solutions to commercial real estate investors in Canada. It focuses on lending against income-producing real estate properties, such as multi-residential, office, and retail buildings in urban markets. The company was founded in 2016 and is headquartered in Toronto, Canada.