TCF Financial Corporation (TCF) Given Consensus Recommendation of “Hold” by Analysts

TCF Financial Corporation (NYSE:TCF) has earned an average recommendation of “Hold” from the fifteen ratings firms that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $17.89.

TCF has been the subject of a number of research reports. Deutsche Bank AG boosted their price target on shares of TCF Financial Corporation from $17.00 to $18.00 and gave the stock a “hold” rating in a research note on Wednesday, November 8th. Royal Bank Of Canada reissued a “buy” rating and issued a $19.00 price target on shares of TCF Financial Corporation in a research note on Friday, September 8th. J P Morgan Chase & Co boosted their price target on shares of TCF Financial Corporation from $18.00 to $19.00 and gave the stock a “neutral” rating in a research note on Monday, October 30th. BMO Capital Markets reissued a “hold” rating and issued a $18.00 price target on shares of TCF Financial Corporation in a research note on Friday, September 1st. Finally, Barclays PLC boosted their price target on shares of TCF Financial Corporation from $19.00 to $20.00 and gave the stock an “overweight” rating in a research note on Monday, October 30th.



TCF Financial Corporation (NYSE TCF) opened at $18.25 on Thursday. 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 Corporation has a 12 month low of $14.58 and a 12 month high of $20.03. The company has a market cap of $3,082.75, a P/E ratio of 15.73, a price-to-earnings-growth ratio of 1.78 and a beta of 1.25.

TCF Financial Corporation (NYSE:TCF) last released its quarterly earnings results on Friday, October 27th. The bank reported $0.29 EPS for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.02). TCF Financial Corporation had a return on equity of 9.63% and a net margin of 15.27%. The company had revenue of $343.30 million during the quarter, compared to analysts’ expectations of $340.45 million. During the same period in the prior year, the firm earned $0.31 EPS. TCF Financial Corporation’s quarterly revenue was up .4% on a year-over-year basis. sell-side analysts expect that TCF Financial Corporation will post 1.22 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Wednesday, November 15th will be paid a $0.075 dividend. The ex-dividend date is Tuesday, November 14th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.64%. TCF Financial Corporation’s dividend payout ratio (DPR) is 26.32%.

In other TCF Financial Corporation news, Director Barry N. Winslow acquired 12,000 shares of the business’s stock in a transaction dated Thursday, September 14th. The stock was bought at an average price of $25.00 per share, with a total value of $300,000.00. Following the purchase, the director now owns 2,365 shares of the company’s stock, valued at $59,125. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.50% of the stock is currently owned by corporate insiders.

Several institutional investors have recently made changes to their positions in the company. Ameritas Investment Partners Inc. purchased a new stake in shares of TCF Financial Corporation in the 3rd quarter valued at $781,000. Sterling Capital Management LLC purchased a new stake in shares of TCF Financial Corporation in the 3rd quarter valued at $719,000. Neuberger Berman Group LLC purchased a new stake in shares of TCF Financial Corporation in the 3rd quarter valued at $34,557,000. Piedmont Investment Advisors LLC purchased a new stake in shares of TCF Financial Corporation in the 3rd quarter valued at $1,568,000. Finally, California Public Employees Retirement System purchased a new stake in shares of TCF Financial Corporation in the 3rd quarter valued at $9,271,000. 82.43% of the stock is owned by institutional investors.

COPYRIGHT VIOLATION WARNING: This piece was first posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this piece on another website, it was stolen and reposted in violation of United States & international trademark and copyright law. The legal version of this piece can be accessed at https://ledgergazette.com/2017/11/16/tcf-financial-corporation-tcf-given-consensus-recommendation-of-hold-by-analysts.html.

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.

Analyst Recommendations for TCF Financial Corporation (NYSE:TCF)

Receive News & Ratings for TCF Financial Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TCF Financial Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply