Timbercreek Financial Corp to Post FY2019 Earnings of $0.79 Per Share, Raymond James Financial Forecasts (TF)

Timbercreek Financial Corp (TSE:TF) – Stock analysts at Raymond James Financial issued their FY2019 earnings estimates for Timbercreek Financial in a research report issued to clients and investors on Monday. Raymond James Financial analyst J. Rodrigues anticipates that the company will post earnings per share of $0.79 for the year. Raymond James Financial currently has a “Market Perform” rating on the stock.

Separately, National Bank Financial raised their target price on shares of Timbercreek Financial from C$10.00 to C$10.25 and gave the stock an “outperform” rating in a research note on Thursday, November 9th.

Timbercreek Financial (TSE:TF) traded down C$0.04 during midday trading on Wednesday, reaching C$9.56. 47,907 shares of the company’s stock were exchanged, compared to its average volume of 71,153. Timbercreek Financial has a 12 month low of C$8.70 and a 12 month high of C$9.75. The company has a market cap of $707.51 and a PE ratio of 13.66.

The company also recently announced a monthly dividend, which will be paid on Monday, January 15th. Shareholders of record on Friday, December 29th will be paid a dividend of $0.058 per share. This is a boost from Timbercreek Financial’s previous monthly dividend of $0.06. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.70 dividend on an annualized basis and a yield of 7.28%. Timbercreek Financial’s dividend payout ratio (DPR) is presently 24.43%.

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