TCF Financial Corp. (TCB) Given Average Recommendation of “Hold” by Brokerages
TCF Financial Corp. (NYSE:TCB) has received a consensus rating of “Hold” from the fourteen research firms that are covering the stock. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $15.11.
TCB has been the subject of a number of recent analyst reports. raised their price objective on shares of TCF Financial Corp. from $14.00 to $15.00 and gave the company an “underperform” rating in a research report on Friday, September 23rd. Piper Jaffray Cos. restated a “neutral” rating and issued a $15.00 price objective on shares of TCF Financial Corp. in a research report on Saturday, October 8th. Deutsche Bank AG raised their price objective 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. Barclays PLC raised their price objective 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. Finally, Keefe, Bruyette & Woods restated a “market perform” rating on shares of TCF Financial Corp. in a research report on Wednesday, October 12th.
Shares of TCF Financial Corp. (NYSE:TCB) traded up 0.12% during trading on Friday, hitting $17.29. The stock had a trading volume of 410,580 shares. The stock has a market cap of $2.89 billion, a price-to-earnings ratio of 14.79 and a beta of 1.02. TCF Financial Corp. has a 12-month low of $10.37 and a 12-month high of $17.42. The stock’s 50-day moving average is $14.97 and its 200-day moving average is $14.04.
TCF Financial Corp. (NYSE:TCB) last announced its quarterly earnings data on Friday, October 21st. The company reported $0.31 EPS for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.01. The firm earned $331.70 million during the quarter, compared to the consensus estimate of $215.20 million. TCF Financial Corp. had a net margin of 15.43% and a return on equity of 10.10%. The firm’s revenue was up 4.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.29 earnings per share. On average, equities research analysts expect that TCF Financial Corp. will post $1.19 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Tuesday, November 15th will be paid a dividend of $0.075 per share. The ex-dividend date of this dividend is Thursday, November 10th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.74%. TCF Financial Corp.’s dividend payout ratio (DPR) is 25.64%.
Several hedge funds and other institutional investors have recently modified their holdings of TCB. Acrospire Investment Management LLC boosted its position in shares of TCF Financial Corp. by 40.5% in the third quarter. Acrospire Investment Management LLC now owns 7,285 shares of the company’s stock worth $106,000 after buying an additional 2,100 shares during the period. Pacad Investment Ltd. purchased a new stake in TCF Financial Corp. during the second quarter valued at approximately $120,000. Hsbc Holdings PLC purchased a new stake in TCF Financial Corp. during the second quarter valued at approximately $129,000. Bank of Montreal Can purchased a new stake in TCF Financial Corp. during the second quarter valued at approximately $130,000. Finally, Fuller & Thaler Asset Management Inc. boosted its stake in TCF Financial Corp. by 900.5% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 9,555 shares of the company’s stock valued at $139,000 after buying an additional 8,600 shares during the last quarter. 78.70% of the stock is owned by institutional investors and hedge funds.
WARNING: “TCF Financial Corp. (TCB) Given Average Recommendation of “Hold” by Brokerages” was first reported by The Cerbat Gem and is the propert of of The Cerbat Gem. If you are viewing this piece of content on another publication, it was illegally stolen and reposted in violation of international copyright and trademark law. The legal version of this piece of content can be viewed at https://www.thecerbatgem.com/2016/11/25/tcf-financial-corp-tcb-given-average-recommendation-of-hold-by-brokerages.html.
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.
Receive News & Stock Ratings for TCF Financial Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TCF Financial Corp. and related stocks with our FREE daily email newsletter.