Equities researchers at StockNews.com assumed coverage on shares of Community Financial (NASDAQ:TCFC – Get Rating) in a report released on Wednesday. The firm set a “buy” rating on the financial services provider’s stock.
Separately, Keefe, Bruyette & Woods cut their price target on Community Financial from $42.00 to $37.00 and set a “market perform” rating for the company in a report on Thursday, April 6th.
Community Financial Stock Performance
NASDAQ:TCFC opened at $29.13 on Wednesday. The firm has a market capitalization of $165.17 million, a PE ratio of 5.60 and a beta of 0.76. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.10. Community Financial has a 1 year low of $24.25 and a 1 year high of $41.43. The firm’s fifty day simple moving average is $28.39 and its 200 day simple moving average is $35.19.
Institutional Investors Weigh In On Community Financial
Hedge funds have recently made changes to their positions in the stock. Fourthstone LLC raised its holdings in Community Financial by 0.3% in the 1st quarter. Fourthstone LLC now owns 563,501 shares of the financial services provider’s stock valued at $18,669,000 after acquiring an additional 1,914 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in Community Financial by 0.8% in the first quarter. The Manufacturers Life Insurance Company now owns 277,107 shares of the financial services provider’s stock worth $11,084,000 after purchasing an additional 2,299 shares during the period. Dimensional Fund Advisors LP boosted its stake in Community Financial by 4.3% during the first quarter. Dimensional Fund Advisors LP now owns 111,434 shares of the financial services provider’s stock worth $3,692,000 after buying an additional 4,631 shares in the last quarter. Private Capital Management LLC increased its holdings in Community Financial by 1.7% in the 4th quarter. Private Capital Management LLC now owns 102,156 shares of the financial services provider’s stock valued at $4,076,000 after buying an additional 1,754 shares during the period. Finally, BlackRock Inc. raised its stake in shares of Community Financial by 20.3% in the 3rd quarter. BlackRock Inc. now owns 41,518 shares of the financial services provider’s stock valued at $1,423,000 after buying an additional 7,014 shares in the last quarter. Institutional investors own 36.18% of the company’s stock.
Community Financial Company Profile
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.
Further Reading
- Get a free copy of the StockNews.com research report on Community Financial (TCFC)
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