StockNews.com analysts have started covering stocks of Community Financial (NASDAQ:TCFC – Get an Assessment) in a research report delivered Tuesday to clients and investors. The company has set a “buy” rating on the shares of the financial services provider.
Separately, Keefe, Bruyette & Woods downgraded Community Financial shares from an “outperform” rating to a “market performer” rating and set a price target of $45.00 for the stock. in a research note on Thursday, April 28.
TCFC stock opened at $36.30 on Tuesday. Community Financial has a 52-week low of $33.13 and a 52-week high of $41.93. The company has a market capitalization of $205.28 million, a price-earnings ratio of 8.07 and a beta of 0.81. The company’s 50-day moving average is $38.35 and its two-hundred-day moving average is $39.07. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt ratio of 0.16.
Community Financial (NASDAQ:TCFC – Get Rating) last released its quarterly results on Thursday, April 28. The financial services provider reported EPS of $1.10 for the quarter, beating analyst consensus estimates of $1.06 by $0.04. Community Financial had a net margin of 33.51% and a return on equity of 12.60%. The company posted revenue of $17.92 million for the quarter, versus a consensus estimate of $18.49 million. On average, equity research analysts expect Community Financial to post earnings per share of 4.35 for the current year.
Institutional investors have recently increased or reduced their stake in the company. Royal Bank of Canada increased its position in Community Financial shares by 108.8% in the second quarter. Royal Bank of Canada now owns 2,453 shares of the financial services provider worth $85,000 after acquiring 1,278 more shares last quarter. Janney Montgomery Scott LLC increased its position in Community Financial shares by 5.4% in the fourth quarter. Janney Montgomery Scott LLC now owns 7,001 shares of the financial services provider worth $275,000 after acquiring 361 additional shares in the last quarter. Citadel Advisors LLC bought a new position in shares of Community Financial in the second quarter for a value of approximately $327,000. Morgan Stanley increased its position in Community Financial shares by 144.1% in the second quarter. Morgan Stanley now owns 10,408 shares of the financial services provider worth $360,000 after acquiring an additional 6,144 shares in the last quarter. Finally, Salzhauer Michael increased his position in Community Financial shares by 45.1% in the fourth quarter. Salzhauer Michael now owns 9,657 shares of the financial services provider worth $380,000 after acquiring 3,000 more shares in the last quarter. 37.77% of the shares are currently held by institutional investors and hedge funds.
Community Financial Business Profile (Get a rating)
The Community Financial Corporation operates as a bank holding company for the Community Bank of the Chesapeake which provides commercial and retail banking services to individuals and businesses. The company offers current, savings, money market and term accounts, as well as certificates of deposit; and commercial real estate and other non-residential real estate, residential first mortgage, residential rental mortgage, land construction and development, home equity and second mortgage, commercial, consumer and commercial equipment loans.
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