StockNews.com Initiates Coverage on Community Financial (NASDAQ:TCFC)

Posted by on Apr 27th, 2023

Equities research analysts at StockNews.com assumed coverage on shares of Community Financial (NASDAQ:TCFC – Get Rating) in a research note issued to investors on Thursday. The brokerage set a “buy” rating on the financial services provider’s stock.

Separately, Keefe, Bruyette & Woods lowered their target price on Community Financial from $42.00 to $37.00 and set a “market perform” rating for the company in a research note on Thursday, April 6th.

Community Financial Price Performance

TCFC opened at $29.35 on Thursday. The stock has a 50-day moving average price of $35.16 and a 200-day moving average price of $37.90. Community Financial has a 12-month low of $29.35 and a 12-month high of $41.93. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $166.41 million, a P/E ratio of 5.87 and a beta of 0.76.

Community Financial (NASDAQ:TCFC – Get Rating) last posted its quarterly earnings data on Tuesday, January 31st. The financial services provider reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.37 by $0.03. Community Financial had a return on equity of 15.37% and a net margin of 31.78%. The firm had revenue of $22.72 million during the quarter, compared to analysts’ expectations of $21.06 million.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. UBS Group AG raised its position in shares of Community Financial by 70.6% in the 4th quarter. UBS Group AG now owns 633 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 262 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Community Financial by 2.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 13,937 shares of the financial services provider’s stock worth $478,000 after buying an additional 271 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Community Financial by 0.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 106,803 shares of the financial services provider’s stock worth $4,261,000 after buying an additional 895 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in shares of Community Financial by 14.6% in the 3rd quarter. Janney Montgomery Scott LLC now owns 8,255 shares of the financial services provider’s stock worth $283,000 after buying an additional 1,054 shares during the last quarter. Finally, State Street Corp grew its stake in shares of Community Financial by 13.1% in the 1st quarter. State Street Corp now owns 13,643 shares of the financial services provider’s stock worth $546,000 after buying an additional 1,581 shares during the last quarter. Institutional investors own 36.18% of the company’s stock.

Community Financial Company Profile

(Get Rating)

The Community Financial Corp. operates as a bank holding company for Community Bank of the Chesapeake that provides commercial and retail banking services to individuals and businesses. It offers loans and investments. The firm through its subsidiary, provides demand, savings and time deposits and commercial and residential mortgage, construction and land development, home equity and second mortgages, and commercial equipment loans.

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