TCF Financial Corporation (NYSE:TCF) Given Average Rating of “” by Analysts
Shares of TCF Financial Corporation (NYSE:TCF) have received an average broker rating score of 3.00 (Hold) from the twelve brokers that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong sell recommendation, one has given a sell recommendation, eight have given a hold recommendation, one has given a buy recommendation and one has issued a strong buy recommendation on the company. TCF Financial Corporation’s rating score has declined by 6.4% from three months ago as a result of a number of analysts’ ratings changes.
Analysts have set a 12 month consensus price objective of $17.27 for the company and are forecasting that the company will post $0.31 earnings per share for the current quarter, according to Zacks. Zacks has also given TCF Financial Corporation an industry rank of 118 out of 265 based on the ratings given to related companies.
A number of analysts have commented on the stock. Zacks Investment Research lowered shares of TCF Financial Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Deutsche Bank AG reissued a “hold” rating and issued a $17.00 price target (down from $18.00) on shares of TCF Financial Corporation in a research report on Tuesday, July 25th. Morgan Stanley reissued an “equal weight” rating and issued a $17.00 price target (up from $16.50) on shares of TCF Financial Corporation in a research report on Friday, July 7th. Finally, Wedbush initiated coverage on shares of TCF Financial Corporation in a research report on Wednesday, June 28th. They issued an “underperform” rating and a $14.00 price target for the company.
In related news, CFO Brian W. Maass purchased 3,225 shares of TCF Financial Corporation stock in a transaction dated Thursday, June 8th. The stock was acquired at an average cost of $15.50 per share, with a total value of $49,987.50. Following the completion of the transaction, the chief financial officer now directly owns 60,027 shares of the company’s stock, valued at $930,418.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Barry N. Winslow sold 10,274 shares of the stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $25.19, for a total transaction of $258,802.06. Following the completion of the sale, the director now directly owns 2,365 shares of the company’s stock, valued at $59,574.35. The disclosure for this sale can be found here. Insiders bought 4,201 shares of company stock valued at $75,015 over the last three months. 2.50% of the stock is owned by insiders.
Shares of TCF Financial Corporation (NYSE:TCF) opened at 15.57 on Thursday. The company has a 50 day moving average of $15.77 and a 200 day moving average of $16.50. The firm has a market cap of $2.62 billion, a PE ratio of 13.49 and a beta of 1.26. TCF Financial Corporation has a 52 week low of $13.32 and a 52 week high of $20.03.
TCF Financial Corporation (NYSE:TCF) last posted its quarterly earnings data on Monday, July 24th. The company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. TCF Financial Corporation had a net margin of 15.13% and a return on equity of 9.59%. The company had revenue of $341.80 million during the quarter, compared to analyst estimates of $336.12 million. During the same period in the prior year, the firm earned $0.31 earnings per share. The business’s quarterly revenue was up 3.3% on a year-over-year basis. On average, equities research analysts anticipate that TCF Financial Corporation will post $1.21 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Tuesday, August 15th will be given a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date is Friday, August 11th. TCF Financial Corporation’s dividend payout ratio (DPR) is 25.86%.
About TCF Financial Corporation
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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