TCF Financial Corp. (TCB) Downgraded by Stephens to “Equal Weight”
TCB has been the topic of a number of other reports. Credit Agricole SA raised their price objective on shares of TCF Financial Corp. from $14.00 to $15.00 and gave the stock an underperform rating in a report on Friday, September 23rd. 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 note on Tuesday, October 11th. Keefe, Bruyette & Woods reiterated a market perform rating on shares of TCF Financial Corp. in a research note on Wednesday, October 12th. 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 note on Tuesday, October 11th. Finally, Piper Jaffray Cos. reiterated a neutral rating and issued a $15.00 price target on shares of TCF Financial Corp. in a research note on Saturday, October 8th. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company’s stock. TCF Financial Corp. presently has a consensus rating of Hold and a consensus target price of $14.88.
Shares of TCF Financial Corp. (NYSE:TCB) traded up 1.09% on Thursday, hitting $16.70. 233,565 shares of the stock were exchanged. The company has a 50-day moving average price of $14.66 and a 200-day moving average price of $13.92. TCF Financial Corp. has a one year low of $10.37 and a one year high of $16.71. The firm has a market capitalization of $2.80 billion, a PE ratio of 14.29 and a beta of 1.02.
TCF Financial Corp. (NYSE:TCB) last issued its quarterly earnings data on Friday, October 21st. The company reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.01. TCF Financial Corp. had a net margin of 15.43% and a return on equity of 10.10%. The business had revenue of $331.70 million for the quarter, compared to analyst estimates of $215.20 million. During the same period last year, the business posted $0.29 earnings per share. The firm’s quarterly revenue was up 4.5% on a year-over-year basis. Equities research analysts expect that TCF Financial Corp. will post $1.19 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Tuesday, November 15th will be given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date of this dividend is Thursday, November 10th. TCF Financial Corp.’s dividend payout ratio is 25.64%.
Institutional investors have recently added to or reduced their stakes in the company. Hedeker Wealth LLC bought a new position in TCF Financial Corp. during the third quarter worth about $1,200,000. Northwestern Mutual Investment Management Company LLC boosted its position in TCF Financial Corp. by 0.3% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 29,530 shares of the company’s stock worth $374,000 after buying an additional 94 shares in the last quarter. Advantus Capital Management Inc boosted its position in TCF Financial Corp. by 0.5% in the third quarter. Advantus Capital Management Inc now owns 20,818 shares of the company’s stock worth $302,000 after buying an additional 102 shares in the last quarter. State Treasurer State of Michigan boosted its position in TCF Financial Corp. by 0.3% in the third quarter. State Treasurer State of Michigan now owns 68,860 shares of the company’s stock worth $999,000 after buying an additional 200 shares in the last quarter. Finally, Anchor Capital Advisors LLC boosted its position in TCF Financial Corp. by 0.7% in the second quarter. Anchor Capital Advisors LLC now owns 69,385 shares of the company’s stock worth $878,000 after buying an additional 497 shares in the last quarter. Institutional investors and hedge funds own 77.79% of the company’s stock.
TCF Financial Corp. 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: 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.
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