StockNews.com initiated coverage on shares of Community Financial (NASDAQ:TCFC – Get Rating) in a report published on Wednesday. The brokerage issued a buy rating on the financial services provider's stock.
Separately, Piper Sandler reaffirmed an overweight rating and set a $53.00 target price on shares of Community Financial in a report on Monday, December 5th.
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Community Financial Stock Performance
Shares of Community Financial stock opened at $39.90 on Wednesday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.83 and a quick ratio of 0.83. The firm has a market cap of $225.44 million, a P/E ratio of 8.26 and a beta of 0.78. The firm has a 50 day simple moving average of $39.34 and a 200 day simple moving average of $37.15. Community Financial has a fifty-two week low of $33.00 and a fifty-two week high of $41.93.
Community Financial (NASDAQ:TCFC – Get Rating) last issued its quarterly earnings results on Monday, October 24th. The financial services provider reported $1.34 earnings per share for the quarter. Community Financial had a net
margin of 33.63% and a return on equity of 14.35%. The business had revenue of $20.29 million during the quarter. Sell-side analysts predict that Community Financial will post 5.02 earnings per share for the current fiscal year.
Community Financial Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 24th. Shareholders of record on Tuesday, January 10th will be issued a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date is Monday, January 9th. Community Financial's dividend payout ratio is presently 14.49%.
Institutional Trading of Community Financial
A number of institutional investors have recently bought and sold shares of TCFC. Bank of New York Mellon Corp boosted its position in shares of Community Financial by 2.0% during the third quarter. Bank of New York Mellon Corp now owns 13,937 shares of the financial services provider's stock worth $478,000 after purchasing an additional 271 shares in the last quarter. BlackRock Inc. boosted its position in shares of Community Financial by 20.3% during the third quarter. BlackRock Inc. now owns 41,518 shares of the financial services provider's stock worth $1,423,000 after purchasing an additional 7,014 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Community Financial by 5.6% during the third quarter. Dimensional Fund Advisors LP now owns 105,908 shares of the financial services provider's stock worth $3,632,000 after purchasing an additional 5,649 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in shares of Community Financial by 14.6% during the third quarter. Janney Montgomery Scott LLC now owns 8,255 shares of the financial services provider's stock worth $283,000 after purchasing an additional 1,054 shares in the last quarter. Finally, Captrust Financial Advisors boosted its position in shares of Community Financial by 82.3% during the second quarter. Captrust Financial Advisors now owns 11,505 shares of the financial services provider's stock worth $424,000 after purchasing an additional 5,195 shares in the last quarter. Institutional investors and hedge funds own 36.18% of the company's stock.
Community Financial Company Profile
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The Community Financial Corporation operates as the bank holding company for Community Bank of the Chesapeake that provides commercial and retail banking services to individuals and businesses. The company offers demand, savings, money market, and time deposit accounts, as well as certificates of deposit; and commercial real estate and other non-residential real estate, residential first mortgage, residential rental mortgage, construction and land development, home equity and second mortgage, commercial, consumer, and commercial equipment loans.
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