JMP Securities Begins Coverage on TCF Financial Corporation (TCF)
Analysts at JMP Securities began coverage on shares of TCF Financial Corporation (NYSE:TCF) in a research report issued to clients and investors on Thursday. The brokerage set a “market perform” rating on the stock.
TCF has been the topic of a number of other reports. Wedbush initiated coverage on shares of TCF Financial Corporation in a research report on Wednesday, June 28th. They issued an “underperform” rating and a $14.00 price objective on the stock. Zacks Investment Research downgraded shares of TCF Financial Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, June 7th. Deutsche Bank AG reissued a “hold” rating and issued a $17.00 price objective (down from $18.00) on shares of TCF Financial Corporation in a research report on Tuesday, July 25th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $17.00 price objective (up from $16.50) on shares of TCF Financial Corporation in a research report on Friday, July 7th. One research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. TCF Financial Corporation has a consensus rating of “Hold” and a consensus target price of $16.00.
Shares of TCF Financial Corporation (NYSE TCF) opened at 15.59 on Thursday. The stock has a 50 day moving average price of $15.61 and a 200-day moving average price of $16.27. TCF Financial Corporation has a 12 month low of $13.73 and a 12 month high of $20.03. The company has a market capitalization of $2.63 billion, a PE ratio of 13.51 and a beta of 1.26.
TCF Financial Corporation (NYSE:TCF) last announced its quarterly earnings data on Monday, July 24th. The company reported $0.33 EPS for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.03. TCF Financial Corporation had a net margin of 15.13% and a return on equity of 9.59%. The company had revenue of $341.80 million for the quarter, compared to the consensus estimate of $336.12 million. During the same period in the prior year, the firm posted $0.31 EPS. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. Analysts forecast that TCF Financial Corporation will post $1.21 EPS for the current year.
In other news, CFO Brian W. Maass acquired 3,225 shares of the company’s stock in a transaction on Thursday, June 8th. The shares were bought at an average cost of $15.50 per share, with a total value of $49,987.50. Following the transaction, the chief financial officer now owns 60,027 shares in the company, valued at approximately $930,418.50. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last three months, insiders acquired 4,201 shares of company stock worth $75,015. Insiders own 2.50% of the company’s stock.
About TCF Financial Corporation
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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