TCF Financial Co. (TCB) Declares Quarterly Dividend of $0.05
TCF Financial (NYSE:TCB) declared a quarterly dividend on Monday, July 21st, American Banking and Market News reports. Shareholders of record on Friday, August 15th will be given a dividend of 0.05 per share on Tuesday, September 2nd. This represents a $0.20 dividend on an annualized basis and a yield of 1.27%.
TCB has been the subject of a number of recent research reports. Analysts at Sterne Agee upgraded shares of TCF Financial from a “neutral” rating to a “buy” rating in a research note on Wednesday, July 9th. On a related note, analysts at Raymond James upgraded shares of TCF Financial from an “underperform” rating to a “market perform” rating in a research note on Monday, July 7th. Finally, analysts at Zacks reiterated a “neutral” rating on shares of TCF Financial in a research note on Wednesday, June 11th. They now have a $17.50 price target on the stock. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $17.33.
TCF Financial (NYSE:TCB) traded down 0.19% on Monday, hitting $15.85. The stock had a trading volume of 822,024 shares. TCF Financial has a one year low of $13.69 and a one year high of $17.39. The stock’s 50-day moving average is $16.31 and its 200-day moving average is $16.16. The company has a market cap of $2.580 billion and a P/E ratio of 17.64.
TCF Financial (NYSE:TCB) last posted its quarterly earnings results on Tuesday, April 22nd. The company reported $0.24 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.16 earnings per share. TCF Financial’s revenue was up 4.4% compared to the same quarter last year. On average, analysts predict that TCF Financial will post $1.10 earnings per share for the current fiscal year.
TCF Financial Corporation (NYSE:TCB) is a national bank holding company.
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