The Community Financial Co. (NASDAQ:TCFC) Sees Significant Drop in Short Interest

The Community Financial Co. (NASDAQ:TCFCGet Rating) was the recipient of a large drop in short interest during the month of May. As of May 15th, there was short interest totalling 1,200 shares, a drop of 75.0% from the April 30th total of 4,800 shares. Based on an average daily trading volume, of 9,200 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

A number of large investors have recently modified their holdings of TCFC. Royal Bank of Canada grew its holdings in Community Financial by 108.8% in the 2nd quarter. Royal Bank of Canada now owns 2,453 shares of the financial services provider’s stock worth $85,000 after acquiring an additional 1,278 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in Community Financial by 5.4% in the 4th quarter. Janney Montgomery Scott LLC now owns 7,001 shares of the financial services provider’s stock worth $275,000 after acquiring an additional 361 shares during the last quarter. Citadel Advisors LLC bought a new stake in Community Financial in the 2nd quarter worth $327,000. Salzhauer Michael grew its holdings in Community Financial by 45.1% in the 4th quarter. Salzhauer Michael now owns 9,657 shares of the financial services provider’s stock worth $380,000 after acquiring an additional 3,000 shares during the last quarter. Finally, Morgan Stanley grew its holdings in Community Financial by 144.1% in the 2nd quarter. Morgan Stanley now owns 10,408 shares of the financial services provider’s stock worth $360,000 after acquiring an additional 6,144 shares during the last quarter. Institutional investors own 37.77% of the company’s stock.

TCFC has been the subject of a number of research reports. StockNews.com initiated coverage on shares of Community Financial in a research report on Saturday, May 21st. They set a “buy” rating for the company. Zacks Investment Research raised shares of Community Financial from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a research report on Tuesday, May 3rd. Finally, Keefe, Bruyette & Woods downgraded shares of Community Financial from an “outperform” rating to a “market perform” rating and set a $45.00 target price for the company. in a research report on Thursday, April 28th.

Community Financial stock opened at $37.61 on Friday. The firm’s fifty day moving average price is $38.79 and its 200-day moving average price is $39.18. 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 stock has a market cap of $212.68 million, a P/E ratio of 8.36 and a beta of 0.81. Community Financial has a fifty-two week low of $33.13 and a fifty-two week high of $41.93.

Community Financial (NASDAQ:TCFCGet Rating) last posted its quarterly earnings data on Thursday, April 28th. The financial services provider reported $1.10 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.02. Community Financial had a net margin of 33.51% and a return on equity of 12.79%. On average, analysts predict that Community Financial will post 4.35 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 26th. Investors of record on Tuesday, July 12th will be given a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date of this dividend is Monday, July 11th. Community Financial’s payout ratio is presently 15.56%.

Community Financial Company Profile (Get Rating)

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 offers demand, savings, money market, and time deposit accounts, as well as certificates of deposit; and commercial real estate and other non-residential real estate, residential first mortgage, residential rental mortgage, construction and land development, home equity and second mortgage, commercial, consumer, and commercial equipment loans.

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