TCF Financial Co. (TCF) Given Average Recommendation of “Hold” by Brokerages
Shares of TCF Financial Co. (AMEX:TCF) have received an average recommendation of “Hold” from the fourteen research firms that are covering the stock. One research analyst has rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating on the company. The average 12 month target price among brokers that have covered the stock in the last year is $17.83.
A number of analysts have commented on TCF shares. Barclays PLC cut their price objective on shares of TCF Financial to $20.00 in a report on Monday, January 30th. Zacks Investment Research upgraded shares of TCF Financial from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a report on Tuesday, April 4th. BMO Capital Markets reiterated a “hold” rating and issued a $18.00 price objective on shares of TCF Financial in a report on Monday, April 24th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $18.00 price objective on shares of TCF Financial in a report on Monday, April 3rd. Finally, FBR & Co restated a “hold” rating on shares of TCF Financial in a report on Wednesday, February 1st.
In related news, Director Barry N. Winslow sold 6,000 shares of the stock in a transaction that occurred on Thursday, March 16th. The shares were sold at an average price of $17.55, for a total transaction of $105,300.00. Following the completion of the transaction, the director now owns 2,365 shares of the company’s stock, valued at approximately $41,505.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 4.40% of the stock is owned by company insiders.
Shares of TCF Financial (AMEX:TCF) opened at 15.60 on Tuesday. The firm’s 50-day moving average price is $16.53 and its 200 day moving average price is $17.44. TCF Financial has a 52 week low of $11.72 and a 52 week high of $20.03. The company has a market capitalization of $2.62 billion, a PE ratio of 13.68 and a beta of 1.14.
TCF Financial (AMEX:TCF) last released its quarterly earnings data on Monday, April 24th. The bank reported $0.25 EPS for the quarter, missing the Zacks’ consensus estimate of $0.26 by $0.01. The business had revenue of $325.60 million during the quarter, compared to analyst estimates of $326.93 million. TCF Financial had a net margin of 15.19% and a return on equity of 9.83%. The firm’s revenue was up .4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.26 EPS. Equities analysts predict that TCF Financial will post $1.19 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 1st. Stockholders of record on Monday, May 15th will be issued a dividend of $0.075 per share. The ex-dividend date of this dividend is Thursday, May 11th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.92%. TCF Financial’s dividend payout ratio is currently 26.09%.
TCF Financial Company Profile
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: Consumer Banking, Wholesale Banking and Enterprise Services. Consumer Banking comprises all of the Company’s consumer-facing businesses.
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