TCF Financial Co. (TCF) Given Average Recommendation of “Hold” by Brokerages
Shares of TCF Financial Co. (AMEX:TCF) have earned a consensus recommendation of “Hold” from the fourteen research firms that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $17.83.
A number of analysts have commented on TCF shares. Zacks Investment Research cut shares of TCF Financial from a “buy” rating to a “hold” rating in a research note on Thursday, April 6th. BMO Capital Markets reiterated a “hold” rating and issued a $18.00 price target on shares of TCF Financial in a research note on Monday, April 24th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $18.00 price target on shares of TCF Financial in a research note on Monday, April 3rd.
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TCF Financial (AMEX TCF) opened at 15.89 on Monday. TCF Financial has a one year low of $11.72 and a one year high of $20.03. The company has a 50-day moving average of $15.96 and a 200 day moving average of $17.37. The company has a market cap of $2.67 billion, a P/E ratio of 13.94 and a beta of 1.14.
TCF Financial (AMEX:TCF) last announced its quarterly earnings results on Monday, April 24th. The bank reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by $0.01. The firm had revenue of $325.60 million during the quarter, compared to analyst estimates of $326.93 million. TCF Financial had a net margin of 14.92% and a return on equity of 7.61%. The business’s revenue was up .4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.26 EPS. Equities research analysts predict that TCF Financial will post $1.19 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, June 1st. Stockholders of record on Monday, May 15th were paid a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date was Thursday, May 11th. TCF Financial’s dividend payout ratio is presently 26.09%.
About TCF Financial
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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