TCF Financial Co. (NYSE:TCF) – DA Davidson dropped their FY2017 earnings estimates for TCF Financial in a report released on Wednesday. DA Davidson analyst K. Reevey now expects that the bank will earn $0.73 per share for the year, down from their previous estimate of $1.22. DA Davidson currently has a “Buy” rating and a $23.00 target price on the stock. DA Davidson also issued estimates for TCF Financial’s Q4 2017 earnings at ($0.14) EPS.

TCF Financial (NYSE:TCF) last posted its quarterly earnings data on Friday, October 27th. The bank reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.02). The firm had revenue of $343.30 million for the quarter, compared to analyst estimates of $340.45 million. TCF Financial had a return on equity of 8.47% and a net margin of 18.36%. The firm’s quarterly revenue was up .4% on a year-over-year basis. During the same period in the prior year, the company earned $0.31 earnings per share.

Several other research analysts have also recently weighed in on the company. Sandler O’Neill raised TCF Financial from a “hold” rating to a “buy” rating in a research report on Tuesday. Piper Jaffray Companies raised TCF Financial from a “neutral” rating to an “overweight” rating and set a $23.00 price objective for the company in a research report on Tuesday. Deutsche Bank upped their price objective on TCF Financial from $17.00 to $18.00 and gave the stock a “hold” rating in a research report on Wednesday, November 8th. Zacks Investment Research cut TCF Financial from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. Finally, Barclays upped their price objective on TCF Financial from $19.00 to $20.00 and gave the stock an “overweight” rating in a research report on Monday, October 30th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $19.08.

TCF Financial (NYSE TCF) traded down $0.34 during mid-day trading on Friday, hitting $20.31. The stock had a trading volume of 2,457,800 shares, compared to its average volume of 1,560,580. The company has a quick ratio of 1.03, a current ratio of 1.04 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $3,490.00, a PE ratio of 17.67, a P/E/G ratio of 1.99 and a beta of 1.25. TCF Financial has a 52 week low of $14.58 and a 52 week high of $20.92.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Wednesday, November 15th will be issued a $0.075 dividend. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.48%. TCF Financial’s dividend payout ratio (DPR) is presently 26.55%.

In related news, Director Barry N. Winslow purchased 12,000 shares of the stock in a transaction that occurred on Thursday, September 14th. The shares were 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 of the company’s stock, valued at approximately $59,125. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 2.50% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of TCF Financial by 9.8% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,487 shares of the bank’s stock valued at $103,000 after acquiring an additional 580 shares during the last quarter. Zions Bancorporation bought a new position in shares of TCF Financial during the third quarter valued at approximately $116,000. Evercore Wealth Management LLC bought a new position in shares of TCF Financial during the third quarter valued at approximately $128,000. Tower Research Capital LLC TRC grew its holdings in shares of TCF Financial by 540.0% during the second quarter. Tower Research Capital LLC TRC now owns 8,282 shares of the bank’s stock valued at $132,000 after buying an additional 6,988 shares during the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. purchased a new stake in shares of TCF Financial during the third quarter valued at approximately $140,000. Hedge funds and other institutional investors own 82.34% of the company’s stock.

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About TCF Financial

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 (NYSE:TCF)

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