Community Financial Corp(Maryland) (NASDAQ:TCFC) Sees Large Decrease in Short Interest

Community Financial Corp(Maryland) (NASDAQ:TCFC) was the target of a large decline in short interest in the month of October. As of October 31st, there was short interest totalling 19,800 shares, a decline of 6.6% from the September 30th total of 21,200 shares. Based on an average daily volume of 5,200 shares, the short-interest ratio is currently 3.8 days. Currently, 0.4% of the shares of the company are short sold.

NASDAQ:TCFC opened at $33.78 on Tuesday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.52. Community Financial Cor has a 12 month low of $26.47 and a 12 month high of $34.68. The company has a market cap of $192.33 million, a PE ratio of 12.76 and a beta of 0.38. The company has a 50 day simple moving average of $32.96 and a two-hundred day simple moving average of $32.08.

Community Financial Corp(Maryland) (NASDAQ:TCFC) last posted its earnings results on Friday, November 8th. The financial services provider reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.06). Community Financial Corp(Maryland) had a return on equity of 9.32% and a net margin of 19.79%.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 21st. Stockholders of record on Monday, October 7th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date of this dividend was Friday, October 4th.

Hedge funds have recently modified their holdings of the company. Acadian Asset Management LLC bought a new stake in shares of Community Financial Corp(Maryland) during the 2nd quarter valued at $25,000. Hillsdale Investment Management Inc. bought a new stake in shares of Community Financial Corp(Maryland) during the 2nd quarter valued at $27,000. JPMorgan Chase & Co. grew its position in shares of Community Financial Corp(Maryland) by 65.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 3,940 shares of the financial services provider’s stock valued at $130,000 after acquiring an additional 1,565 shares during the period. Rhumbline Advisers grew its position in shares of Community Financial Corp(Maryland) by 10.4% during the 3rd quarter. Rhumbline Advisers now owns 7,713 shares of the financial services provider’s stock valued at $258,000 after acquiring an additional 725 shares during the period. Finally, Janney Montgomery Scott LLC grew its position in shares of Community Financial Corp(Maryland) by 47.5% during the 3rd quarter. Janney Montgomery Scott LLC now owns 10,763 shares of the financial services provider’s stock valued at $360,000 after acquiring an additional 3,465 shares during the period. 31.52% of the stock is owned by hedge funds and other institutional investors.

Community Financial Corp(Maryland) Company Profile

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. Its deposit products include savings, money market, demand deposit, IRA, SEP, and time deposit accounts. The company also provides loan products, such as 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.

Further Reading: Support Level

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