TCF Financial Co. (TCF) Receives Consensus Rating of “Hold” from Brokerages
TCF Financial Co. (NYSE:TCF) has earned an average rating of “Hold” from the sixteen research firms that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $19.18.
Several research firms have issued reports on TCF. Jefferies Group reissued a “hold” rating and set a $21.00 price target on shares of TCF Financial in a report on Friday. DA Davidson reissued a “buy” rating and set a $23.00 price target on shares of TCF Financial in a report on Wednesday, November 29th. Sandler O’Neill upgraded TCF Financial from a “hold” rating to a “buy” rating in a research report on Tuesday, November 28th. Piper Jaffray Companies upgraded TCF Financial from a “neutral” rating to an “overweight” rating and set a $23.00 price objective on the stock in a research report on Tuesday, November 28th. Finally, Deutsche Bank boosted their price objective on TCF Financial from $17.00 to $18.00 and gave the company a “hold” rating in a research report on Wednesday, November 8th.
Shares of TCF Financial (NYSE TCF) opened at $20.46 on Monday. TCF Financial has a fifty-two week low of $14.58 and a fifty-two week high of $21.29. The company has a current ratio of 1.04, a quick ratio of 1.03 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $3,517.73, a PE ratio of 17.95, a price-to-earnings-growth ratio of 3.00 and a beta of 1.29.
TCF Financial (NYSE:TCF) last released its quarterly earnings results on Friday, October 27th. The bank reported $0.29 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.02). TCF Financial had a net margin of 15.27% and a return on equity of 9.63%. The company had revenue of $343.30 million for the quarter, compared to the consensus estimate of $340.45 million. During the same period in the prior year, the firm posted $0.31 EPS. The business’s revenue for the quarter was up .4% on a year-over-year basis. equities research analysts expect that TCF Financial will post 0.9 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Wednesday, November 15th were given a $0.075 dividend. The ex-dividend date of this dividend was Tuesday, November 14th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.47%. TCF Financial’s dividend payout ratio is currently 26.32%.
In other news, Director Barry N. Winslow bought 12,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 14th. The shares were bought at an average cost of $25.00 per share, for a total transaction of $300,000.00. Following the completion of the transaction, the director now owns 2,365 shares of the company’s stock, valued at $59,125. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.50% of the stock is currently owned by insiders.
Several large investors have recently bought and sold shares of TCF. Zurcher Kantonalbank Zurich Cantonalbank raised its position in TCF Financial by 9.8% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,487 shares of the bank’s stock valued at $103,000 after purchasing an additional 580 shares during the period. Zions Bancorporation bought a new position in shares of TCF Financial during the third quarter valued at approximately $116,000. Evercore Wealth Management LLC bought a new position in shares of TCF Financial during the third quarter valued at approximately $128,000. Tower Research Capital LLC TRC grew its stake in shares of TCF Financial by 540.0% during the second quarter. Tower Research Capital LLC TRC now owns 8,282 shares of the bank’s stock valued at $132,000 after buying an additional 6,988 shares during the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. bought a new position in shares of TCF Financial during the third quarter valued at approximately $140,000. Institutional investors own 82.34% of the company’s stock.
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About TCF Financial
TCF Financial Corporation (TCF) is a bank holding company. The Company’s principal subsidiary is TCF National Bank (TCF Bank). The Company operates in three segments: Consumer Banking, Wholesale Banking and Enterprise Services. Consumer Banking comprises all of the Company’s consumer-facing businesses.
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