TCF Financial Corporation (TCF) Given Average Rating of “Hold” by Brokerages

TCF Financial Corporation (NYSE:TCF) has been assigned a consensus broker rating score of 3.00 (Hold) from the twelve brokers that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong sell recommendation, one has issued a sell recommendation, eight have issued a hold recommendation, one has given a buy recommendation and one has assigned a strong buy recommendation to the company. TCF Financial Corporation’s rating score has declined by 6.4% from three months ago as a result of a number of analysts’ upgrades and downgrades.

Brokerages have set a twelve-month consensus price objective of $17.27 for the company and are anticipating that the company will post $0.31 EPS for the current quarter, according to Zacks. Zacks has also given TCF Financial Corporation an industry rank of 111 out of 265 based on the ratings given to related companies.

TCF has been the topic of several research analyst reports. Wedbush initiated coverage on shares of TCF Financial Corporation in a research note on Wednesday, June 28th. They set an “underperform” rating and a $14.00 target price on the stock. Morgan Stanley restated an “equal weight” rating and set a $17.00 target price (up previously from $16.50) on shares of TCF Financial Corporation in a research note on Friday, July 7th. Zacks Investment Research upgraded shares of TCF Financial Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, July 1st. Finally, Deutsche Bank AG restated a “hold” rating and set a $17.00 target price (down previously from $18.00) on shares of TCF Financial Corporation in a research note on Tuesday, July 25th.

Shares of TCF Financial Corporation (NYSE TCF) traded up 0.06% during midday trading on Friday, reaching $15.48. 1,328,861 shares of the company’s stock traded hands. The stock has a market cap of $2.61 billion, a P/E ratio of 13.41 and a beta of 1.26. TCF Financial Corporation has a 12 month low of $13.73 and a 12 month high of $20.03. The stock has a 50 day moving average of $15.61 and a 200-day moving average of $16.27.

TCF Financial Corporation (NYSE:TCF) last posted its earnings results on Monday, July 24th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.03. The business had revenue of $341.80 million for the quarter, compared to analysts’ expectations of $336.12 million. TCF Financial Corporation had a net margin of 15.13% and a return on equity of 9.59%. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.31 EPS. On average, equities research analysts forecast that TCF Financial Corporation will post $1.21 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Tuesday, August 15th will be paid a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 1.94%. The ex-dividend date is Friday, August 11th. TCF Financial Corporation’s dividend payout ratio is currently 25.86%.

In other TCF Financial Corporation news, CFO Brian W. Maass acquired 3,225 shares of the stock in a transaction dated Thursday, June 8th. The shares were purchased at an average price of $15.50 per share, for a total transaction of $49,987.50. Following the purchase, the chief financial officer now directly owns 60,027 shares of the company’s stock, valued at $930,418.50. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, Director Barry N. Winslow sold 10,274 shares of the stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $25.19, for a total transaction of $258,802.06. Following the completion of the transaction, the director now owns 2,365 shares in the company, valued at approximately $59,574.35. The disclosure for this sale can be found here. Insiders have acquired a total of 4,201 shares of company stock worth $75,015 in the last 90 days. Company insiders own 2.50% of the company’s stock.

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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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