TCF Financial Given Consensus Rating of “Hold” by Brokerages (NYSE:TCB)
Shares of TCF Financial (NYSE:TCB) have earned a consensus recommendation of “Hold” from the fifteen analysts that are currently covering the stock, American Banking and Market News reports. Seven equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $17.95.
A number of research firms have recently commented on TCB. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of TCF Financial in a research note on Monday. They now have a $18.50 price target on the stock, up previously from $18.00. Separately, analysts at FBR Capital Markets raised their price target on shares of TCF Financial from $18.00 to $19.00 in a research note on Friday, July 25th. They now have an “outperform” rating on the stock. Finally, 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.
Shares of TCF Financial (NYSE:TCB) opened at 15.81 on Monday. TCF Financial has a 1-year low of $13.69 and a 1-year high of $17.39. The stock’s 50-day moving average is $16.27 and its 200-day moving average is $16.15. The company has a market cap of $2.581 billion and a price-to-earnings ratio of 16.25.
TCF Financial (NYSE:TCB) last released its earnings data 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. On average, analysts predict that TCF Financial will post $1.12 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 2nd. Stockholders 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 1.26%. 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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