TCF Financial Co. (NYSE:TCF) – Research analysts at DA Davidson decreased their Q1 2019 earnings per share (EPS) estimates for TCF Financial in a report issued on Thursday, April 11th. DA Davidson analyst K. Reevey now forecasts that the bank will post earnings of $0.47 per share for the quarter, down from their prior estimate of $0.51. DA Davidson also issued estimates for TCF Financial’s Q2 2019 earnings at $0.50 EPS, Q4 2019 earnings at $0.52 EPS, FY2019 earnings at $2.01 EPS and FY2020 earnings at $2.13 EPS.

TCF Financial (NYSE:TCF) last released its earnings results on Monday, January 28th. The bank reported $0.51 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.04. The firm had revenue of $377.02 million for the quarter, compared to the consensus estimate of $367.53 million. TCF Financial had a net margin of 18.87% and a return on equity of 14.00%. During the same period in the prior year, the firm earned $0.28 EPS.

A number of other equities analysts have also recently issued reports on TCF. Zacks Investment Research upgraded shares of TCF Financial from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a research note on Monday, December 31st. Wells Fargo & Co upgraded shares of TCF Financial from a “market perform” rating to an “outperform” rating and set a $19.87 price target on the stock in a research note on Wednesday, January 2nd. ValuEngine upgraded shares of TCF Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. Bank of America cut shares of TCF Financial from a “buy” rating to a “neutral” rating in a research note on Thursday, January 10th. Finally, Raymond James upgraded shares of TCF Financial from an “outperform” rating to a “strong-buy” rating and set a $28.00 price target on the stock in a research note on Tuesday, January 29th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $26.38.

NYSE:TCF opened at $21.74 on Monday. The stock has a market capitalization of $3.61 billion, a PE ratio of 11.44, a price-to-earnings-growth ratio of 1.04 and a beta of 1.23. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.61. TCF Financial has a 1-year low of $18.17 and a 1-year high of $27.34.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Palisade Asset Management LLC bought a new position in TCF Financial during the 1st quarter valued at about $203,000. First Citizens Bank & Trust Co. lifted its stake in TCF Financial by 39.5% during the 1st quarter. First Citizens Bank & Trust Co. now owns 19,394 shares of the bank’s stock valued at $401,000 after acquiring an additional 5,487 shares during the period. Cardinal Capital Management lifted its stake in TCF Financial by 1.4% during the 1st quarter. Cardinal Capital Management now owns 73,886 shares of the bank’s stock valued at $1,528,000 after acquiring an additional 1,028 shares during the period. State of Alaska Department of Revenue lifted its stake in TCF Financial by 3.7% during the 1st quarter. State of Alaska Department of Revenue now owns 82,700 shares of the bank’s stock valued at $1,710,000 after acquiring an additional 2,970 shares during the period. Finally, Deutsche Bank AG lifted its stake in TCF Financial by 51.7% during the 4th quarter. Deutsche Bank AG now owns 346,114 shares of the bank’s stock valued at $6,744,000 after acquiring an additional 117,936 shares during the period. Institutional investors and hedge funds own 80.62% of the company’s stock.

About TCF Financial

TCF Financial Corporation operates as the bank holding company for TCF National Bank that provides various financial products and services in the United States and Canada. It operates through Consumer Banking, Wholesale Banking, and Enterprise Services segments. The company offers checking, savings, and money market accounts; certificates of deposits; and individual retirement accounts.

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Earnings History and Estimates for TCF Financial (NYSE:TCF)

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