TCF Financial Corporation (TCF) Given Consensus Recommendation of “Hold” by Analysts
TCF Financial Corporation (NYSE:TCF) has earned an average recommendation of “Hold” from the fifteen ratings firms that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $17.89.
TCF has been the subject of a number of research reports. Deutsche Bank AG boosted their price target on shares of TCF Financial Corporation from $17.00 to $18.00 and gave the stock a “hold” rating in a research note on Wednesday, November 8th. Royal Bank Of Canada reissued a “buy” rating and issued a $19.00 price target on shares of TCF Financial Corporation in a research note on Friday, September 8th. J P Morgan Chase & Co boosted their price target on shares of TCF Financial Corporation from $18.00 to $19.00 and gave the stock a “neutral” rating in a research note on Monday, October 30th. BMO Capital Markets reissued a “hold” rating and issued a $18.00 price target on shares of TCF Financial Corporation in a research note on Friday, September 1st. Finally, Barclays PLC boosted their price target on shares of TCF Financial Corporation from $19.00 to $20.00 and gave the stock an “overweight” rating in a research note on Monday, October 30th.
TCF Financial Corporation (NYSE TCF) opened at $18.25 on Thursday. The company has a quick ratio of 1.03, a current ratio of 1.04 and a debt-to-equity ratio of 0.59. TCF Financial Corporation has a 12 month low of $14.58 and a 12 month high of $20.03. The company has a market cap of $3,082.75, a P/E ratio of 15.73, a price-to-earnings-growth ratio of 1.78 and a beta of 1.25.
TCF Financial Corporation (NYSE:TCF) last released its quarterly earnings results on Friday, October 27th. The bank reported $0.29 EPS for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.02). TCF Financial Corporation had a return on equity of 9.63% and a net margin of 15.27%. The company had revenue of $343.30 million during the quarter, compared to analysts’ expectations of $340.45 million. During the same period in the prior year, the firm earned $0.31 EPS. TCF Financial Corporation’s quarterly revenue was up .4% on a year-over-year basis. sell-side analysts expect that TCF Financial Corporation will post 1.22 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Wednesday, November 15th will be paid a $0.075 dividend. The ex-dividend date is Tuesday, November 14th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.64%. TCF Financial Corporation’s dividend payout ratio (DPR) is 26.32%.
In other TCF Financial Corporation news, Director Barry N. Winslow acquired 12,000 shares of the business’s stock in a transaction dated 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 purchase, the director now owns 2,365 shares of the company’s stock, valued at $59,125. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.50% of the stock is currently owned by corporate insiders.
Several institutional investors have recently made changes to their positions in the company. Ameritas Investment Partners Inc. purchased a new stake in shares of TCF Financial Corporation in the 3rd quarter valued at $781,000. Sterling Capital Management LLC purchased a new stake in shares of TCF Financial Corporation in the 3rd quarter valued at $719,000. Neuberger Berman Group LLC purchased a new stake in shares of TCF Financial Corporation in the 3rd quarter valued at $34,557,000. Piedmont Investment Advisors LLC purchased a new stake in shares of TCF Financial Corporation in the 3rd quarter valued at $1,568,000. Finally, California Public Employees Retirement System purchased a new stake in shares of TCF Financial Corporation in the 3rd quarter valued at $9,271,000. 82.43% of the stock is owned by institutional investors.
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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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