Brokers Issue Forecasts for TCF Financial Corp.’s Q1 2017 Earnings (TCB)
TCF Financial Corp. (NYSE:TCB) – Research analysts at Jefferies Group issued their Q1 2017 earnings per share estimates for shares of TCF Financial Corp. in a research note issued on Tuesday. Jefferies Group analyst E. Harmon forecasts that the brokerage will earn $0.26 per share for the quarter. Jefferies Group currently has a “Hold” rating and a $13.50 target price on the stock. Jefferies Group also issued estimates for TCF Financial Corp.’s Q2 2017 earnings at $0.31 EPS, Q3 2017 earnings at $0.31 EPS, Q4 2017 earnings at $0.32 EPS and FY2018 earnings at $1.30 EPS.
Other equities research analysts also recently issued research reports about the stock. Deutsche Bank AG boosted their target price on shares of TCF Financial Corp. from $15.00 to $17.00 and gave the company a “buy” rating in a research note on Tuesday. Zacks Investment Research upgraded shares of TCF Financial Corp. from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a research report on Thursday. JPMorgan Chase & Co. reiterated a “hold” rating on shares of TCF Financial Corp. in a research report on Saturday, July 9th. FBR & Co downgraded shares of TCF Financial Corp. from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $16.00 to $14.00 in a research report on Monday, July 25th. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating on shares of TCF Financial Corp. in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the stock. TCF Financial Corp. presently has an average rating of “Hold” and a consensus price target of $14.79.
TCF Financial Corp. (NYSE:TCB) traded down 3.586% on Thursday, hitting $14.115. 632,193 shares of the stock traded hands. TCF Financial Corp. has a 12-month low of $10.37 and a 12-month high of $15.94. The company’s 50 day moving average price is $14.49 and its 200-day moving average price is $13.56. The stock has a market capitalization of $2.36 billion, a P/E ratio of 12.382 and a beta of 1.12.
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TCF Financial Corp. (NYSE:TCB) last released its earnings results on Friday, July 22nd. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.02. The business had revenue of $330.90 million for the quarter, compared to the consensus estimate of $214.32 million. TCF Financial Corp. had a net margin of 15.34% and a return on equity of 10.14%. The firm’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period last year, the firm posted $0.29 earnings per share.
Hedge funds have recently made changes to their positions in the stock. Aperio Group LLC boosted its stake in shares of TCF Financial Corp. by 2.3% in the first quarter. Aperio Group LLC now owns 28,436 shares of the company’s stock worth $349,000 after buying an additional 636 shares during the period. Ngam Advisors L.P. boosted its stake in shares of TCF Financial Corp. by 12.5% in the first quarter. Ngam Advisors L.P. now owns 17,566 shares of the company’s stock worth $215,000 after buying an additional 1,953 shares during the period. Prudential Financial Inc. boosted its stake in shares of TCF Financial Corp. by 9.3% in the first quarter. Prudential Financial Inc. now owns 1,816,665 shares of the company’s stock worth $22,272,000 after buying an additional 154,700 shares during the period. BlackRock Inc. boosted its stake in shares of TCF Financial Corp. by 56.4% in the first quarter. BlackRock Inc. now owns 112,481 shares of the company’s stock worth $1,379,000 after buying an additional 40,579 shares during the period. Finally, BlackRock Group LTD boosted its stake in shares of TCF Financial Corp. by 194.4% in the first quarter. BlackRock Group LTD now owns 274,033 shares of the company’s stock worth $3,359,000 after buying an additional 180,965 shares during the period. 78.20% of the stock is owned by institutional investors.
About TCF Financial Corp.
TCF Financial Corporation (TCF) is a bank holding company. The Company’s principal subsidiary is TCF National Bank (TCF Bank). The Company operates in three segments: Lending, Funding and Support Services. Its Lending segment includes consumer real estate, commercial real estate and business lending, leasing and equipment finance, inventory finance and auto finance.
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