The Community Finance Corporation (NASDAQ: TCFC – Get a rating) saw a significant decline in short-term interest in May. As of May 15, there was short interest totaling 1,200 shares, down 75.0% from the total of 4,800 shares as of April 30. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 9,200 shares, the day-to-cover ratio is currently 0.1 day.
The TCFC has been the subject of a number of recent research reports. Keefe, Bruyette & Woods downgraded Community Financial from an “outperforming” rating to a “market performing” rating and set a target price of $45.00 for the company. in a research report on Thursday, April 28. StockNews.com launched coverage on Community Financial in a research report on Saturday, May 21. They set a “buy” rating for the company. To finish, Zacks Investment Research upgraded Community Financial from a “hold” rating to a “buy” rating and set a target price of $46.00 for the company in a research report on Tuesday, May 3.
In other Community Financial news, Director James F. Dimisa sold 1,106 shares of the company in a trade on Friday, February 25. The stock was sold at an average price of $40.12, for a total value of $44,372.72. The transaction was disclosed in an SEC filing, available at this link. 8.01% of the shares are currently held by insiders.
A number of hedge funds and other institutional investors have recently increased or reduced their stake in TCFC. Hotchkis & Wiley Capital Management LLC purchased a new stake in Community Financial in the third quarter, valued at approximately $2,237,000. CWM LLC purchased a new stake in Community Financial in the fourth quarter worth approximately $1,285,000. Morgan Stanley increased its stake 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 buying an additional 18,366 shares in the last quarter. LSV Asset Management bought a new stake in Community Financial in the first quarter, valued at around $574,000. Finally, Private Capital Management LLC increased its stake in Community Financial by 35.9% in the fourth quarter. Private Capital Management LLC now owns 46,168 shares of the financial services provider valued at $1,815,000 after buying an additional 12,200 shares in the last quarter. Institutional investors and hedge funds hold 37.77% of the company’s shares.
TCFC Stock opened at $36.31 on Thursday. The company has a market capitalization of $205.33 million, a P/E ratio of 8.07 and a beta of 0.81. Community Financial has a 12-month low of $33.13 and a 12-month high of $41.93. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt ratio of 0.16. The company has a fifty-day moving average of $38.91 and a 200-day moving average of $39.21.
Community finance (NASDAQ: TCFC – Get a rating) last released its quarterly earnings data on Thursday, April 28. The financial services provider reported EPS of $1.10 for the quarter, beating consensus analyst estimates of $1.08 by $0.02. Community Financial had a return on equity of 12.79% and a net margin of 33.51%. As a group, equity research analysts expect Community Financial to post earnings per share of $4.35 for the current fiscal year.
About Community Financial (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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