TCF Financial Corp. (NYSE:TCB) announced a quarterly dividend on Wednesday, October 19th. Investors of record on Tuesday, November 15th will be given a dividend of 0.075 per share on Thursday, December 1st. This represents a $0.30 dividend on an annualized basis and a yield of 2.05%.

TCF Financial Corp. (NYSE:TCB) traded up 1.32% during midday trading on Wednesday, reaching $14.62. 620,739 shares of the company were exchanged. The firm has a 50-day moving average price of $14.49 and a 200-day moving average price of $13.63. The company has a market capitalization of $2.45 billion, a PE ratio of 12.82 and a beta of 1.12. TCF Financial Corp. has a 52 week low of $10.37 and a 52 week high of $15.94.

TCF Financial Corp. (NYSE:TCB) last announced its quarterly earnings results on Friday, July 22nd. The company reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.02. TCF Financial Corp. had a net margin of 15.34% and a return on equity of 10.14%. The business earned $330.90 million during the quarter, compared to analysts’ expectations of $214.32 million. During the same period last year, the business earned $0.29 earnings per share. The business’s revenue for the quarter was up 3.6% on a year-over-year basis. Equities research analysts anticipate that TCF Financial Corp. will post $1.18 earnings per share for the current fiscal year.

Dividend History for TCF Financial Corp. (NYSE:TCB)

A number of equities research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of TCF Financial Corp. from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a research report on Thursday, October 13th. Keefe, Bruyette & Woods reiterated a “market perform” rating on shares of TCF Financial Corp. in a research report on Wednesday, October 12th. Barclays PLC lifted their price target on shares of TCF Financial Corp. from $15.00 to $16.00 and gave the company an “overweight” rating in a research report on Tuesday, October 11th. Deutsche Bank AG lifted their price target on shares of TCF Financial Corp. from $15.00 to $17.00 and gave the company a “buy” rating in a research report on Tuesday, October 11th. Finally, Piper Jaffray Cos. reiterated a “neutral” rating and set a $15.00 price target on shares of TCF Financial Corp. in a research report on Saturday, October 8th. One analyst has rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company. TCF Financial Corp. currently has a consensus rating of “Hold” and a consensus target price of $14.79.

A number of hedge funds and other institutional investors have recently bought and sold shares of TCB. Rhumbline Advisers increased its stake in shares of TCF Financial Corp. by 0.9% in the second quarter. Rhumbline Advisers now owns 279,763 shares of the company’s stock valued at $3,539,000 after buying an additional 2,470 shares in the last quarter. Pacad Investment Ltd. bought a new stake in shares of TCF Financial Corp. during the second quarter valued at $120,000. Cipher Capital LP increased its stake in shares of TCF Financial Corp. by 56.1% in the second quarter. Cipher Capital LP now owns 247,847 shares of the company’s stock valued at $3,135,000 after buying an additional 89,115 shares in the last quarter. Sei Investments Co. increased its stake in shares of TCF Financial Corp. by 24.2% in the second quarter. Sei Investments Co. now owns 27,309 shares of the company’s stock valued at $345,000 after buying an additional 5,319 shares in the last quarter. Finally, Comerica Bank increased its stake in shares of TCF Financial Corp. by 14.3% in the second quarter. Comerica Bank now owns 273,445 shares of the company’s stock valued at $3,872,000 after buying an additional 34,309 shares in the last quarter. Institutional investors own 78.17% of the company’s stock.

About TCF Financial Corp.

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: Lending, Funding and Support Services. Its Lending segment includes consumer real estate, commercial real estate and business lending, leasing and equipment finance, inventory finance and auto finance.

5 Day Chart for NYSE:TCB

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