TCF Financial PT Raised to $19.00 at FBR Capital Markets (TCB)
Investment analysts at FBR Capital Markets increased their price objective on shares of TCF Financial (NYSE:TCB) from $18.00 to $19.00 in a note issued to investors on Friday. The firm currently has an “outperform” rating on the stock. FBR Capital Markets’ target price indicates a potential upside of 17.21% from the company’s current price.
A number of other firms have also recently commented on TCB. 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. Separately, 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 analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the stock. TCF Financial has a consensus rating of “Hold” and a consensus target price of $17.42.
Shares of TCF Financial (NYSE:TCB) traded up 1.11% on Friday, hitting $16.40. 1,636,137 shares of the company’s stock traded hands. 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 $16.32 and its 200-day moving average is $16.1. The company has a market cap of $2.669 billion and a price-to-earnings ratio of 18.02.
TCF Financial (NYSE:TCB) last posted its quarterly earnings results on Friday, July 25th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.02. The company had revenue of $309.40 million for the quarter, compared to the consensus estimate of $213.51 million. During the same quarter in the previous year, the company posted $0.21 earnings per share. The company’s revenue for the quarter was up 2.5% 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 Tuesday, September 2nd. Investors of record on Friday, August 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 1.23%. The ex-dividend date of this dividend is Wednesday, August 13th.
TCF Financial Corporation (NYSE:TCB) is a national bank holding company.
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