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Builders Capital Mortgage ( (TSE:BCF) ) just unveiled an announcement.
Builders Capital Mortgage Corp. reported a significant 50.1% increase in quarterly revenues, reaching $1.77 million, driven by the full deployment of equity capital and successful bond offerings. The company’s mortgage portfolio grew by 64.7% year-over-year to $53.1 million, reflecting strong demand for construction financing. Despite market uncertainties, Builders Capital maintained a conservative lending approach and continued to exceed its mortgage portfolio turnover target, indicating efficient capital deployment.
The most recent analyst rating on (TSE:BCF) stock is a Buy with a C$10.50 price target. To see the full list of analyst forecasts on Builders Capital Mortgage stock, see the TSE:BCF Stock Forecast page.
More about Builders Capital Mortgage
Builders Capital Mortgage Corp. is a mortgage lender specializing in short-term construction financing for builders of residential, wood-frame properties in Western Canada. The company aims to generate attractive returns while maintaining capital preservation and meeting the criteria for mortgage investment corporations as defined in the Income Tax Act.
Average Trading Volume: 1,796
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$27.44M
See more data about BCF stock on TipRanks’ Stock Analysis page.
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