TCF Financial Upgraded to Outperform at FBR Capital Markets (TCB)
TCF Financial (NYSE:TCB) was upgraded by analysts at FBR Capital Markets from a “market perform” rating to an “outperform” rating in a research report issued to clients and investors on Monday, TheFlyOnTheWall.com reports. The firm currently has a $18.00 price objective on the stock. FBR Capital Markets’ target price indicates a potential upside of 17.04% from the company’s current price. The analysts noted that the move was a valuation call.
A number of other analysts have also recently weighed in on TCB. Analysts at Deutsche Bank reiterated a “buy” rating on shares of TCF Financial in a research note on Wednesday, April 23rd. They now have a $18.00 price target on the stock. Separately, analysts at Keefe, Bruyette & Woods raised their price target on shares of TCF Financial from $16.00 to $17.00 in a research note on Wednesday, April 23rd. They now have a “market perform” rating on the stock. Finally, analysts at Barclays raised their price target on shares of TCF Financial from $18.00 to $19.00 in a research note on Wednesday, April 23rd. They now have an “overweight” rating on the stock. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $17.33.
Shares of TCF Financial (NYSE:TCB) opened at 15.38 on Monday. 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 $15.93 and a 200-day moving average of $16.00. The company has a market cap of $2.503 billion and a P/E ratio of 17.16.
TCF Financial (NYSE:TCB) last posted its quarterly earnings results on Tuesday, April 22nd. The company reported $0.24 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.23 by $0.01. The company had revenue of $304.70 million for the quarter, compared to the consensus estimate of $200.44 million. During the same quarter in the prior year, the company posted $0.16 earnings per share. The company’s quarterly revenue was up 4.4% on a year-over-year basis. Analysts expect that TCF Financial will post $1.10 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, June 2nd. Shareholders 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 1.30%. The ex-dividend date of this dividend is Tuesday, May 13th.
TCF Financial Corporation (NYSE:TCB) is a national bank holding company.
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