Jefferies Group Comments on TCF Financial Corporation’s Q3 2017 Earnings (TCF)
TCF Financial Corporation (NYSE:TCF) – Investment analysts at Jefferies Group upped their Q3 2017 earnings per share estimates for shares of TCF Financial Corporation in a research report issued on Monday. Jefferies Group analyst C. Haire now forecasts that the company will post earnings of $0.30 per share for the quarter, up from their prior estimate of $0.29. Jefferies Group also issued estimates for TCF Financial Corporation’s Q1 2018 earnings at $0.30 EPS, Q2 2018 earnings at $0.34 EPS, Q3 2018 earnings at $0.34 EPS and Q4 2018 earnings at $0.33 EPS.
TCF Financial Corporation (NYSE:TCF) last issued its earnings results on Monday, July 24th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.03. The business had revenue of $341.80 million for the quarter, compared to analyst estimates of $336.12 million. TCF Financial Corporation had a net margin of 15.13% and a return on equity of 9.59%. TCF Financial Corporation’s revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.31 earnings per share. ILLEGAL ACTIVITY WARNING: “Jefferies Group Comments on TCF Financial Corporation’s Q3 2017 Earnings (TCF)” was originally reported by American Banking News and is the property of of American Banking News. If you are reading this piece on another domain, it was illegally stolen and republished in violation of US and international copyright legislation. The original version of this piece can be accessed at https://www.americanbankingnews.com/2017/10/11/jefferies-group-comments-on-tcf-financial-corporations-q3-2017-earnings-tcf.html.
Other research analysts also recently issued reports about the stock. Royal Bank Of Canada reissued a “buy” rating and set a $19.00 price objective on shares of TCF Financial Corporation in a research report on Friday, September 8th. Morgan Stanley reissued an “equal weight” rating and set a $17.00 price objective (up from $16.50) on shares of TCF Financial Corporation in a research report on Friday, July 7th. Zacks Investment Research downgraded shares of TCF Financial Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Deutsche Bank AG reissued a “hold” rating and set a $17.00 price objective (down from $18.00) on shares of TCF Financial Corporation in a research report on Tuesday, July 25th. Finally, Piper Jaffray Companies set a $17.00 price objective on shares of TCF Financial Corporation and gave the company a “hold” rating in a research report on Friday, October 6th. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. TCF Financial Corporation has a consensus rating of “Hold” and an average target price of $17.00.
TCF Financial Corporation (TCF) opened at 17.23 on Wednesday. The company’s 50-day moving average is $16.09 and its 200 day moving average is $16.01. TCF Financial Corporation has a 52 week low of $13.73 and a 52 week high of $20.03. The company has a market capitalization of $2.90 billion, a price-to-earnings ratio of 14.93 and a beta of 1.25.
In other TCF Financial Corporation news, Director Barry N. Winslow bought 12,000 shares of the company’s stock in a transaction dated Thursday, September 14th. The shares were purchased at an average price of $25.00 per share, for a total transaction of $300,000.00. Following the acquisition, the director now owns 2,365 shares in the company, valued at approximately $59,125. The purchase was disclosed in a filing with the SEC, which is available at this link. Insiders own 2.50% of the company’s stock.
TCF Financial Corporation 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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