TSE:TF FY2024 EPS Forecast Cut by National Bank Financial

Timbercreek Financial Corp. (TSE:TF) – Stock analysts at National Bank Financial dropped their FY2024 EPS estimates for shares of Timbercreek Financial in a note issued to investors on Tuesday, October 29th. National Bank Financial analyst J. Gloyn now anticipates that the company will post earnings per share of $0.73 for the year, down from their prior estimate of $0.74. 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 Q2 2025 earnings at $0.18 EPS.

TF has been the topic of a number of other reports. TD Securities lifted their target price on Timbercreek Financial from C$7.50 to C$8.00 in a research report on Friday, August 2nd. National Bankshares lifted their price objective on Timbercreek Financial from C$8.00 to C$8.50 and gave the stock a “sector perform” rating in a report on Wednesday.

Timbercreek Financial Stock Performance

Shares of TSE TF opened at C$7.58 on Thursday. Timbercreek Financial has a 12 month low of C$5.74 and a 12 month high of C$8.29. The company has a market cap of C$629.22 million, a P/E ratio of 10.38 and a beta of 1.23. The business’s 50 day moving average is C$8.03 and its two-hundred day moving average is C$7.62. The company has a quick ratio of 145.00, a current ratio of 7.36 and a debt-to-equity ratio of 132.31.

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

Timbercreek Financial Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be issued a $0.058 dividend. The ex-dividend date is Thursday, October 31st. This represents a $0.70 dividend on an annualized basis and a dividend yield of 9.18%. Timbercreek Financial’s dividend payout ratio is 94.52%.

About Timbercreek Financial

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.