TCF Financial Corporation (NYSE:TCF) – Jefferies Group upped their FY2017 earnings per share (EPS) estimates for shares of TCF Financial Corporation in a report released on Tuesday. Jefferies Group analyst C. Haire now anticipates that the company will post earnings per share of $1.17 for the year, up from their previous forecast of $1.16. Jefferies Group also issued estimates for TCF Financial Corporation’s Q4 2017 earnings at $0.30 EPS.

TCF Financial Corporation (NYSE:TCF) last released its quarterly earnings results on Monday, July 24th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate 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 business had revenue of $341.80 million for the quarter, compared to analyst estimates of $336.12 million. During the same quarter in the previous year, the business earned $0.31 earnings per share. The firm’s revenue was up 3.3% compared to the same quarter last year. TRADEMARK VIOLATION NOTICE: “Jefferies Group Comments on TCF Financial Corporation’s FY2017 Earnings (TCF)” was first posted by American Banking News and is the sole property of of American Banking News. If you are viewing this report on another publication, it was stolen and reposted in violation of international trademark & copyright legislation. The correct version of this report can be viewed at https://www.americanbankingnews.com/2017/10/12/jefferies-group-comments-on-tcf-financial-corporations-fy2017-earnings-tcf.html.

TCF has been the subject of several other reports. BMO Capital Markets reaffirmed a “hold” rating and set a $18.00 target price on shares of TCF Financial Corporation in a research report on Friday, September 1st. JMP Securities started coverage on TCF Financial Corporation in a research report on Thursday, August 31st. They set a “market perform” rating for the company. Wedbush started coverage on TCF Financial Corporation in a research report on Wednesday, June 28th. They set an “underperform” rating and a $14.00 target price for the company. Zacks Investment Research raised TCF Financial Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday. Finally, Piper Jaffray Companies set a $17.00 target price on TCF Financial Corporation and gave the company a “hold” rating in a research report on Friday, October 6th. One analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the stock. TCF Financial Corporation has a consensus rating of “Hold” and an average price target of $17.00.

Shares of TCF Financial Corporation (TCF) opened at 17.18 on Thursday. TCF Financial Corporation has a 12-month low of $13.73 and a 12-month high of $20.03. The stock’s 50 day moving average is $16.15 and its 200-day moving average is $16.02. The firm has a market cap of $2.90 billion, a price-to-earnings ratio of 14.89 and a beta of 1.25.

In other news, Director Barry N. Winslow acquired 12,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 14th. The stock was bought at an average price of $25.00 per share, with a total value of $300,000.00. Following the acquisition, the director now owns 2,365 shares in the company, valued at approximately $59,125. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.50% of the company’s stock.

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.

Earnings History and Estimates for TCF Financial Corporation (NYSE:TCF)

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