TCF Financial Corporation (TCF) Director Barry N. Winslow Buys 12,000 Shares
TCF Financial Corporation (NYSE:TCF) Director Barry N. Winslow bought 12,000 shares of the company’s stock in a transaction on Thursday, September 14th. The stock was purchased at an average cost of $25.00 per share, for a total transaction of $300,000.00. Following the completion of the transaction, the director now directly owns 2,365 shares of the company’s stock, valued at approximately $59,125. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
TCF Financial Corporation (TCF) traded up 1.46% on Friday, hitting $15.98. The stock had a trading volume of 3,093,560 shares. TCF Financial Corporation has a 52-week low of $13.73 and a 52-week high of $20.03. The company has a 50 day moving average price of $15.43 and a 200-day moving average price of $16.08. The company has a market cap of $2.69 billion, a price-to-earnings ratio of 13.85 and a beta of 1.25.
TCF Financial Corporation (NYSE:TCF) last posted its quarterly earnings results on Monday, July 24th. The company reported $0.33 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.03. The business had revenue of $341.80 million for the quarter, compared to the consensus estimate of $336.12 million. TCF Financial Corporation had a return on equity of 9.59% and a net margin of 15.13%. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.31 EPS. On average, equities research analysts predict that TCF Financial Corporation will post $1.20 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Tuesday, August 15th were paid a $0.075 dividend. The ex-dividend date was Friday, August 11th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.88%. TCF Financial Corporation’s payout ratio is 25.86%.
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Several research analysts have issued reports on the company. Royal Bank Of Canada reissued a “buy” rating and issued a $19.00 target price on shares of TCF Financial Corporation in a research report on Friday, September 8th. BMO Capital Markets reissued a “hold” rating and issued a $18.00 target price on shares of TCF Financial Corporation in a research report on Friday, September 1st. JMP Securities assumed coverage on TCF Financial Corporation in a research report on Thursday, August 31st. They issued a “market perform” rating on the stock. Zacks Investment Research cut TCF Financial Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Finally, Deutsche Bank AG reissued a “hold” rating and issued a $17.00 target price (down from $18.00) on shares of TCF Financial Corporation in a research report on Tuesday, July 25th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $17.00.
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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