TCF Financial (TCB) Posts Quarterly Results
TCF Financial (NYSE:TCB) announced its earnings results on Tuesday. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.01, Stock Ratings Network reports. The company had revenue of $304.70 million for the quarter, compared to the consensus estimate of $200.44 million.
TCF Financial (NYSE:TCB) opened at 16.02 on Tuesday. TCF Financial has a 52 week low of $13.58 and a 52 week high of $17.39. The stock has a 50-day moving average of $16.38 and a 200-day moving average of $15.94. The company has a market cap of $2.588 billion and a price-to-earnings ratio of 19.35.
The company also recently declared a quarterly dividend, which is scheduled for Monday, June 2nd. Investors of record on Thursday, May 15th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.25%.
A number of analysts have recently weighed in on TCB shares. Analysts at UBS AG raised their price target on shares of TCF Financial from $18.00 to $19.00 in a research note on Tuesday, April 8th. They now have a “buy” rating on the stock. On a related note, analysts at Sandler O’Neill upgraded shares of TCF Financial from a “hold” rating to a “buy” rating in a research note on Wednesday, April 2nd. Finally, analysts at DA Davidson initiated coverage on shares of TCF Financial in a research note on Thursday, March 27th. They set a “neutral” rating and a $18.50 price target on the stock. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the stock. TCF Financial presently has an average rating of “Hold” and an average target price of $17.00.
TCF Financial Corporation (NYSE:TCB) is a national bank holding company.
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