TCF Financial Co. Expected to Earn FY2017 Earnings of $1.24 Per Share (TCF)
TCF Financial Co. (NYSE:TCF) – Analysts at Jefferies Group issued their FY2017 EPS estimates for TCF Financial in a research report issued on Thursday. Jefferies Group analyst C. Haire forecasts that the bank will earn $1.24 per share for the year. Jefferies Group has a “Hold” rating and a $21.00 price objective on the stock. Jefferies Group also issued estimates for TCF Financial’s Q4 2017 earnings at ($0.15) EPS.
TCF Financial (NYSE:TCF) last released its earnings results on Friday, October 27th. The bank reported $0.29 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.02). TCF Financial had a net margin of 15.27% and a return on equity of 9.63%. The firm had revenue of $343.30 million during the quarter, compared to the consensus estimate of $340.45 million. During the same period in the prior year, the business earned $0.31 earnings per share. TCF Financial’s quarterly revenue was up .4% compared to the same quarter last year.
TCF Financial (NYSE TCF) opened at $20.46 on Monday. The company has a quick ratio of 1.03, a current ratio of 1.04 and a debt-to-equity ratio of 0.59. TCF Financial has a 1-year low of $14.58 and a 1-year high of $21.29. The company has a market cap of $3,517.73, a PE ratio of 17.95, a price-to-earnings-growth ratio of 3.00 and a beta of 1.29.
The business also recently declared a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Wednesday, November 15th were issued a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 1.47%. The ex-dividend date of this dividend was Tuesday, November 14th. TCF Financial’s dividend payout ratio (DPR) is presently 26.32%.
In related news, Director Barry N. Winslow purchased 12,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 14th. The shares were bought at an average cost of $25.00 per share, with a total value of $300,000.00. Following the acquisition, the director now owns 2,365 shares of the company’s stock, valued at approximately $59,125. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.50% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in TCF Financial by 9.8% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,487 shares of the bank’s stock worth $103,000 after acquiring an additional 580 shares during the last quarter. Zions Bancorporation bought a new stake in TCF Financial during the 3rd quarter worth approximately $116,000. Evercore Wealth Management LLC bought a new stake in TCF Financial during the 3rd quarter worth approximately $128,000. Tower Research Capital LLC TRC grew its holdings in TCF Financial by 540.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 8,282 shares of the bank’s stock worth $132,000 after acquiring an additional 6,988 shares during the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. bought a new stake in TCF Financial during the 3rd quarter worth approximately $140,000. 82.34% of the stock is currently owned by hedge funds and other institutional investors.
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TCF Financial 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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