TCF Financial Corporation (NYSE:TCF) Director Barry N. Winslow acquired 12,000 shares of the firm’s stock in a transaction dated 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 owns 2,365 shares in the company, valued at $59,125. The purchase was disclosed in a legal filing with the SEC, which is available at this link.
Shares of TCF Financial Corporation (NYSE TCF) opened at 15.98 on Friday. The stock’s 50 day moving average is $15.43 and its 200-day moving average is $16.07. The firm has a market cap of $2.69 billion, a PE ratio of 13.85 and a beta of 1.25. TCF Financial Corporation has a 1-year low of $13.73 and a 1-year high of $20.03.
TCF Financial Corporation (NYSE:TCF) last posted its quarterly earnings results on Monday, July 24th. The company reported $0.33 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.03. The company 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 firm’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.31 earnings per share. Analysts expect that TCF Financial Corporation will post $1.20 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Tuesday, August 15th were given a dividend of $0.075 per share. The ex-dividend date of this dividend was Friday, August 11th. This represents a $0.30 annualized dividend and a yield of 1.88%. TCF Financial Corporation’s payout ratio is currently 25.86%.
A number of brokerages have recently commented on TCF. Zacks Investment Research raised shares of TCF Financial Corporation from a “sell” rating to a “hold” rating in a research report on Saturday, July 1st. Deutsche Bank AG reissued a “hold” rating and issued a $17.00 price objective (down previously from $18.00) on shares of TCF Financial Corporation in a research report on Tuesday, July 25th. Morgan Stanley reissued an “equal weight” rating and issued a $17.00 price objective (up previously from $16.50) on shares of TCF Financial Corporation in a research report on Friday, July 7th. Royal Bank Of Canada reissued a “buy” rating and issued a $19.00 price objective on shares of TCF Financial Corporation in a research report on Friday, September 8th. Finally, Wedbush began 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. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $17.00.
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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