TCF Financial (TCF) Receives Daily Coverage Optimism Rating of 0.22
News coverage about TCF Financial (NYSE:TCF) has been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern ranks the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. TCF Financial earned a coverage optimism score of 0.22 on Accern’s scale. Accern also assigned news headlines about the bank an impact score of 45.2357602216821 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news headlines that may have impacted Accern Sentiment’s rankings:
- ETFs with exposure to TCF Financial Corp. : December 20, 2017 (finance.yahoo.com)
- TCF Financial Corp. :TCF-US: Earnings Analysis: Q3, 2017 By the Numbers : December 19, 2017 (finance.yahoo.com)
- Trafigura finds creative trade finance solutions: Fuel for Thought (blogs.platts.com)
- TCF Financial Closes Rubicon Mortgage Advisors Acquisition (zacks.com)
- TCF Bank Completes Acquisition of Rubicon Mortgage Advisors … – Business Wire (press release) (businesswire.com)
Several analysts have weighed in on TCF shares. Royal Bank of Canada reissued a “buy” rating and issued a $19.00 price target on shares of TCF Financial in a research note on Friday, September 8th. Zacks Investment Research raised shares of TCF Financial from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a research note on Wednesday, November 1st. DA Davidson raised shares of TCF Financial from a “neutral” rating to a “buy” rating in a research note on Tuesday, October 31st. Sandler O’Neill raised shares of TCF Financial from a “hold” rating to a “buy” rating in a research note on Tuesday, November 28th. Finally, Piper Jaffray Companies set a $17.00 price target on shares of TCF Financial and gave the stock a “hold” rating in a research note on Friday, October 6th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $19.23.
TCF Financial (NYSE:TCF) last released its quarterly earnings data on Friday, October 27th. The bank reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $340.45 million. During the same quarter in the previous year, the firm posted $0.31 EPS. TCF Financial’s revenue was up .4% compared to the same quarter last year. research analysts expect that TCF Financial will post 0.9 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th were given a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date of this dividend was Tuesday, November 14th. TCF Financial’s payout ratio is 26.55%.
In other TCF Financial news, Director Peter Bell sold 15,000 shares of the business’s stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $20.53, for a total value of $307,950.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.50% of the stock is currently owned by insiders.
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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