Zacks Investment Research Downgrades Community Financial (NASDAQ: TCFC) Rating To Hold

Community finance (NASDAQ: TCFC) was downgraded by Zacks Investment Research from a “buy” rating to a “keep” rating in a research report released Friday for clients and investors, reports. They currently have a price target of $ 44.00 on shares of the financial services provider. Zacks Investment Research’s price target indicates a potential rise of 11.90% from the company’s current price.

According to Zacks, “The Community Financial Corporation is a banking holding company. The Company owns the Community Bank of Tri-County (the Bank). The Bank is active in commercial and retail banking activities, including the acceptance of deposits and loans to individuals, associations, partnerships and businesses. It also offers telephone and Internet banking services. The Bank’s real estate financing consists of first and second residential mortgages, home equity lines of credit and commercial mortgages. and unsecured loans. The Community Financial Corporation, formerly known as Tri-County Financial Corporation, is based in Waldorf, Maryland. “

Separately, Keefe, Bruyette & Woods upgraded Community Financial shares from a “market performance” rating to an “outperformance” rating and raised their price target for the company from $ 40.00 to 45.00 $ in a report released Thursday, October 28.

NASDAQ: TCFC shares opened at $ 39.32 on Friday. Community Financial has a 52-week low of $ 23.60 and a 52-week high of $ 40.96. The company has a debt to equity ratio of 0.16, a quick ratio of 0.82, and a current ratio of 0.82. The company has a market cap of $ 225.11 million, a PE ratio of 9.08 and a beta of 0.94. The company has a 50-day moving average price of $ 38.76 and a two-hundred-day moving average price of $ 36.99.

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Community Financial (NASDAQ: TCFC) last released its results on Sunday, October 24. The financial services provider announced EPS of $ 1.12 for the quarter, beating Thomson Reuters’ consensus estimate of $ 1.09 of $ 0.03. The company posted revenue of $ 18.01 million in the quarter, compared to a consensus estimate of $ 18.50 million. Community Financial had a net margin of 32.12% and a return on equity of 12.53%. On average, sell-side analysts forecast Community Financial to post earnings per share of 4.46 for the current year.

Several institutional investors have recently increased or reduced their stakes in the company. Morgan Stanley increased its holdings in Community Financial by 176.5% in the third quarter. Morgan Stanley now owns 28,774 shares of the financial services provider valued at $ 1,061,000 after purchasing an additional 18,366 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Community Financial by 11.8% in the third quarter. Dimensional Fund Advisors LP now owns 85,387 shares of the financial services provider valued at $ 3,148,000 after purchasing an additional 9,009 shares in the last quarter. Hotchkis & Wiley Capital Management LLC acquired a new position in Community Financial during the third quarter valued at $ 2,237,000. The Manufacturers Life Insurance Company increased its holdings in Community Financial by 2.2% in the third quarter. The Manufacturers Life Insurance Company now owns 271,061 shares of the financial services provider valued at $ 9,994,000 after purchasing an additional 5,828 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in Community Financial by 2.4% during the third quarter. Geode Capital Management LLC now owns 47,607 shares of the financial services provider valued at $ 1,755,000 after purchasing an additional 1,119 shares in the last quarter. Institutional investors hold 38.21% of the shares of the company.

Community finance company profile

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

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