Janney Montgomery Scott LLC boosted its holdings in The Community Financial Co. (NASDAQ:TCFC – Get Rating) by 14.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,255 shares of the financial services provider's stock after purchasing an additional 1,054 shares during the quarter. Janney Montgomery Scott LLC owned approximately 0.15% of Community Financial worth $283,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. The Manufacturers Life Insurance Company boosted its position in shares of Community Financial by 0.8% during the 1st quarter. The Manufacturers Life Insurance Company now owns 277,107 shares of the financial services provider's stock valued at $11,084,000 after acquiring an additional 2,299 shares during the last quarter. Private Capital Management LLC boosted its position in shares of Community Financial by 129.9% during the 2nd quarter. Private Capital Management LLC now owns 101,517 shares of the financial services provider's stock valued at $3,744,000 after acquiring an additional 57,364 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Community Financial by 3.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 91,283 shares of the financial services provider's stock valued at $3,651,000 after acquiring an additional 3,045 shares during the last quarter. BlackRock Inc. boosted its position in shares of Community Financial by 16.3% during the 1st quarter. BlackRock Inc. now owns 25,531 shares of the financial services provider's stock valued at $1,033,000 after acquiring an additional 3,578 shares during the last quarter. Finally, State Street Corp boosted its position in shares of Community Financial by 12.9% during the 2nd quarter. State Street Corp now owns 15,404 shares of the financial services provider's stock valued at $568,000 after acquiring an additional 1,761 shares during the last quarter. 36.18% of the stock is currently owned by institutional investors.
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Community Financial Stock Performance
TCFC stock opened at $40.21 on Friday. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.11. The business's fifty day simple moving average is $39.86 and its two-hundred day simple moving average is $37.66. The Community Financial Co. has a twelve month low of $33.00 and a twelve month high of $41.93. The firm has a market cap of $227.03 million, a price-to-earnings ratio of 8.33 and a beta of 0.76.
Community Financial (NASDAQ:TCFC – Get Rating) last released its earnings results on Monday, October 24th. The financial services provider reported $1.34 earnings per share for the quarter. Community Financial had a return on equity of 14.35% and a net
margin of 33.63%. The business had revenue of $20.29 million for the quarter. Analysts predict that The Community Financial Co. will post 5.02 earnings per share for the current year.
Community Financial Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 24th. Shareholders of record on Tuesday, January 10th were paid a $0.175 dividend. The ex-dividend date was Monday, January 9th. This represents a $0.70 dividend on an annualized basis and a yield of 1.74%. Community Financial's payout ratio is 14.49%.
Wall Street Analysts Forecast Growth
Several research firms recently weighed in on TCFC. StockNews.com began coverage on Community Financial in a report on Wednesday, December 28th. They set a "buy" rating on the stock. Piper Sandler restated an "overweight" rating and set a $53.00 price target on shares of Community Financial in a report on Monday, December 5th.
Community Financial 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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