Jefferies Group reiterated their hold rating on shares of TCF Financial (NYSE:TCF) in a report released on Friday morning. They currently have a $21.00 target price on the bank’s stock. Jefferies Group also issued estimates for TCF Financial’s Q4 2017 earnings at ($0.15) EPS, FY2017 earnings at $1.24 EPS, Q1 2018 earnings at $0.35 EPS, Q2 2018 earnings at $0.36 EPS, Q3 2018 earnings at $0.37 EPS, Q4 2018 earnings at $0.36 EPS, FY2018 earnings at $1.43 EPS and FY2019 earnings at $1.50 EPS.
TCF has been the topic of several other reports. JMP Securities assumed coverage on shares of TCF Financial in a report on Thursday, August 31st. They issued a mkt perform rating on the stock. Royal Bank Of Canada reiterated a buy rating and issued a $20.00 price objective on shares of TCF Financial in a report on Friday, October 27th. Zacks Investment Research upgraded shares of TCF Financial from a sell rating to a hold rating in a report on Tuesday, October 10th. Keefe, Bruyette & Woods reiterated a hold rating and issued a $18.00 price objective on shares of TCF Financial in a report on Sunday, October 29th. Finally, Piper Jaffray Companies set a $17.00 price objective on shares of TCF Financial and gave the company a hold rating in a report on Friday, October 6th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $19.23.
TCF Financial (NYSE:TCF) traded down $0.01 during trading hours on Friday, hitting $20.46. 1,540,258 shares of the company’s stock traded hands, compared to its average volume of 1,476,343. TCF Financial has a 12-month low of $14.58 and a 12-month high of $21.29. The firm has a market capitalization of $3,519.46, a P/E ratio of 17.96, a P/E/G ratio of 3.00 and a beta of 1.29. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.03 and a current ratio of 1.04.
TCF Financial (NYSE:TCF) last released its quarterly earnings data on Friday, October 27th. The bank reported $0.29 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.02). TCF Financial had a net margin of 15.27% and a return on equity of 9.63%. The company had revenue of $343.30 million during the quarter, compared to analyst estimates of $340.45 million. During the same quarter in the prior year, the firm earned $0.31 earnings per share. TCF Financial’s revenue for the quarter was up .4% on a year-over-year basis. equities research analysts expect that TCF Financial will post 0.83 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Wednesday, November 15th were paid a $0.075 dividend. The ex-dividend date was Tuesday, November 14th. This represents a $0.30 annualized dividend and a dividend yield of 1.47%. TCF Financial’s dividend payout ratio (DPR) is presently 26.32%.
In other TCF Financial news, Director Barry N. Winslow purchased 12,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 14th. The shares were acquired at an average cost of $25.00 per share, for a total transaction of $300,000.00. Following the completion of the purchase, the director now owns 2,365 shares of the company’s stock, valued at approximately $59,125. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 2.50% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in TCF. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in TCF Financial by 9.8% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,487 shares of the bank’s stock worth $103,000 after buying an additional 580 shares in the last quarter. Zions Bancorporation acquired a new stake in TCF Financial during the third quarter worth about $116,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in TCF Financial during the third quarter worth about $432,000. Evercore Wealth Management LLC acquired a new stake in TCF Financial during the third quarter worth about $128,000. Finally, Ladenburg Thalmann Financial Services Inc. acquired a new stake in TCF Financial during the third quarter worth about $140,000. Institutional investors and hedge funds own 82.34% of the company’s stock.
ILLEGAL ACTIVITY WARNING: This news story was posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this news story on another website, it was stolen and republished in violation of U.S. & international copyright laws. The correct version of this news story can be read at https://ledgergazette.com/2017/12/09/tcf-financials-tcf-hold-rating-reaffirmed-at-jefferies-group.html.
About TCF Financial
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.
Receive News & Ratings for TCF Financial Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TCF Financial Co. and related companies with MarketBeat.com's FREE daily email newsletter.