Zacks: Analysts Expect TCF Financial Co. (TCB) to Post $0.26 Earnings Per Share
Equities analysts expect TCF Financial Co. (NYSE:TCB) to announce $0.26 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have made estimates for TCF Financial’s earnings. The highest EPS estimate is $0.29 and the lowest is $0.23. TCF Financial also reported earnings per share of $0.26 in the same quarter last year. The company is scheduled to report its next earnings results before the market opens on Monday, April 24th.
According to Zacks, analysts expect that TCF Financial will report full year earnings of $1.23 per share for the current year, with EPS estimates ranging from $1.15 to $1.30. For the next year, analysts forecast that the business will post earnings of $1.38 per share, with EPS estimates ranging from $1.30 to $1.48. Zacks’ EPS averages are an average based on a survey of analysts that follow TCF Financial.
TCF Financial (NYSE:TCB) last released its quarterly earnings results on Friday, January 27th. The bank reported $0.27 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by $0.04. The firm had revenue of $327.11 million for the quarter, compared to analyst estimates of $332.03 million. TCF Financial had a return on equity of 9.83% and a net margin of 15.19%. During the same period in the previous year, the business posted $0.29 earnings per share.
A number of research firms have weighed in on TCB. Keefe, Bruyette & Woods restated a “hold” rating and set a $18.00 price target on shares of TCF Financial in a research report on Monday, April 3rd. Royal Bank of Canada lowered their price target on TCF Financial from $22.00 to $20.00 and set an “outperform” rating on the stock in a research report on Monday, January 30th. Barclays PLC lowered their price target on TCF Financial to $20.00 in a research report on Monday, January 30th. Zacks Investment Research downgraded TCF Financial from a “buy” rating to a “hold” rating in a research report on Thursday, April 6th. Finally, FBR & Co restated a “hold” rating on shares of TCF Financial in a research report on Wednesday, February 1st. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the stock. TCF Financial has an average rating of “Hold” and an average price target of $17.59.
TCF Financial (NYSE:TCB) traded up 0.24% during mid-day trading on Tuesday, reaching $17.06. The company had a trading volume of 1,921,696 shares. TCF Financial has a one year low of $11.72 and a one year high of $20.03. The stock has a market capitalization of $2.86 billion, a PE ratio of 14.83 and a beta of 1.14. The company’s 50-day moving average is $16.81 and its 200-day moving average is $17.06.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 1st. Stockholders of record on Monday, May 15th will be paid a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.76%. TCF Financial’s dividend payout ratio (DPR) is currently 26.09%.
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In other news, Director Barry N. Winslow sold 6,000 shares of the firm’s stock in a transaction dated Thursday, March 16th. The stock was sold at an average price of $17.55, for a total transaction of $105,300.00. Following the transaction, the director now directly owns 2,365 shares of the company’s stock, valued at $41,505.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 4.40% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in TCB. Bank of Montreal Can boosted its position in shares of TCF Financial by 1,606.5% in the third quarter. Bank of Montreal Can now owns 175,535 shares of the bank’s stock worth $2,547,000 after buying an additional 165,249 shares during the period. Van Berkom & Associates Inc. boosted its position in shares of TCF Financial by 6.6% in the third quarter. Van Berkom & Associates Inc. now owns 3,281,741 shares of the bank’s stock worth $47,618,000 after buying an additional 203,390 shares during the period. Capital Fund Management S.A. boosted its position in shares of TCF Financial by 21.8% in the third quarter. Capital Fund Management S.A. now owns 44,100 shares of the bank’s stock worth $640,000 after buying an additional 7,897 shares during the period. Aperio Group LLC boosted its position in shares of TCF Financial by 9.6% in the third quarter. Aperio Group LLC now owns 35,578 shares of the bank’s stock worth $516,000 after buying an additional 3,123 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in shares of TCF Financial by 4.4% in the third quarter. Bank of New York Mellon Corp now owns 2,750,216 shares of the bank’s stock worth $39,905,000 after buying an additional 116,701 shares during the period. 79.17% of the stock is currently owned by hedge funds and other institutional investors.
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.
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