The Community Financial Co. (NASDAQ:TCFC) saw a significant growth in short interest in April. As of April 15th, there was short interest totalling 69,900 shares, a growth of 29.7% from the March 31st total of 53,900 shares. Based on an average daily trading volume, of 20,400 shares, the short-interest ratio is currently 3.4 days. Currently, 1.4% of the shares of the stock are short sold.
A number of equities research analysts have issued reports on TCFC shares. Zacks Investment Research upgraded The Community Financial from a “hold” rating to a “strong-buy” rating and set a $31.00 price objective on the stock in a research report on Friday, February 12th. Piper Sandler upgraded The Community Financial from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $30.00 to $34.00 in a research report on Tuesday, February 9th.
In other news, Director Mohammad Arshed Javaid bought 1,875 shares of the firm’s stock in a transaction that occurred on Tuesday, February 23rd. The shares were bought at an average cost of $29.92 per share, for a total transaction of $56,100.00. Following the completion of the transaction, the director now owns 4,215 shares of the company’s stock, valued at $126,112.80. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 10.59% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in TCFC. JPMorgan Chase & Co. grew its stake in The Community Financial by 10.4% in the third quarter. JPMorgan Chase & Co. now owns 5,441 shares of the financial services provider’s stock worth $115,000 after purchasing an additional 513 shares in the last quarter. Morgan Stanley grew its stake in The Community Financial by 26.8% in the third quarter. Morgan Stanley now owns 3,567 shares of the financial services provider’s stock worth $77,000 after purchasing an additional 754 shares in the last quarter. BlackRock Inc. grew its stake in The Community Financial by 12.3% in the fourth quarter. BlackRock Inc. now owns 243,016 shares of the financial services provider’s stock worth $6,434,000 after purchasing an additional 26,580 shares in the last quarter. Bank of New York Mellon Corp grew its stake in The Community Financial by 25.8% in the fourth quarter. Bank of New York Mellon Corp now owns 27,372 shares of the financial services provider’s stock worth $724,000 after purchasing an additional 5,616 shares in the last quarter. Finally, Wells Fargo & Company MN grew its stake in The Community Financial by 4.4% in the fourth quarter. Wells Fargo & Company MN now owns 13,620 shares of the financial services provider’s stock worth $361,000 after purchasing an additional 572 shares in the last quarter. 38.49% of the stock is currently owned by hedge funds and other institutional investors.
TCFC opened at $36.40 on Wednesday. The stock has a market cap of $214.69 million, a price-to-earnings ratio of 14.98 and a beta of 0.95. The stock’s 50 day moving average price is $34.90 and its 200-day moving average price is $28.78. The Community Financial has a one year low of $20.00 and a one year high of $37.00. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.93 and a current ratio of 0.93.
The Community Financial (NASDAQ:TCFC) last released its earnings results on Thursday, February 4th. The financial services provider reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.35. The firm had revenue of $18.34 million for the quarter, compared to analysts’ expectations of $17.01 million. The Community Financial had a return on equity of 7.51% and a net margin of 17.66%. As a group, analysts predict that The Community Financial will post 2.36 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, April 26th. Stockholders of record on Monday, April 12th were paid a dividend of $0.15 per share. This is a boost from The Community Financial’s previous quarterly dividend of $0.13. The ex-dividend date was Friday, April 9th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.65%. The Community Financial’s dividend payout ratio is currently 21.82%.
About The Community Financial
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's deposit products include savings, money market, demand deposit, and time deposit accounts.
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