TCF Financial Corporation (TCF) Receives $17.00 Average PT from Brokerages
TCF Financial Corporation (NYSE:TCF) has been given a consensus recommendation of “Hold” by the seven research firms that are presently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $17.00.
Several equities analysts recently commented on the stock. Zacks Investment Research lowered shares of TCF Financial Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, June 7th. Wedbush assumed 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 for the company. Morgan Stanley reaffirmed 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. Deutsche Bank AG reaffirmed 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, JMP Securities assumed coverage on shares of TCF Financial Corporation in a research report on Thursday, August 31st. They issued a “market perform” rating for the company.
In related news, Director Barry N. Winslow acquired 12,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 14th. The stock was purchased at an average cost of $25.00 per share, with a total value of $300,000.00. Following the transaction, the director now directly owns 2,365 shares of the company’s stock, valued at approximately $59,125. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.50% of the company’s stock.
Shares of TCF Financial Corporation (NYSE:TCF) traded up 0.35% during mid-day trading on Wednesday, hitting $17.04. 1,118,204 shares of the stock were exchanged. TCF Financial Corporation has a 52-week low of $13.73 and a 52-week high of $20.03. The stock has a 50-day moving average price of $15.46 and a 200 day moving average price of $16.02. The firm has a market cap of $2.87 billion, a price-to-earnings ratio of 14.77 and a beta of 1.25.
TCF Financial Corporation (NYSE:TCF) last released its quarterly earnings results on Monday, July 24th. The company reported $0.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.03. The business had revenue of $341.80 million during the quarter, compared to analyst estimates of $336.12 million. TCF Financial Corporation had a net margin of 15.13% and a return on equity of 9.59%. The company’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.31 earnings per share. On average, equities research analysts expect that TCF Financial Corporation will post $1.20 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Tuesday, August 15th were given a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 1.76%. The ex-dividend date of this dividend was Friday, August 11th. TCF Financial Corporation’s payout ratio is currently 25.86%.
TCF Financial Corporation 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: Consumer Banking, Wholesale Banking and Enterprise Services. Consumer Banking comprises all of the Company’s consumer-facing businesses.
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