Jefferies Group reissued their hold rating on shares of TCF Financial (NYSE:TCF) in a report issued on Thursday, February 1st. Jefferies Group also issued estimates for TCF Financial’s Q2 2018 earnings at $0.41 EPS, Q3 2018 earnings at $0.43 EPS, FY2018 earnings at $1.59 EPS and FY2019 earnings at $1.72 EPS.
A number of other analysts also recently weighed in on the stock. Barclays downgraded shares of TCF Financial from an overweight rating to an equal weight rating and reduced their price target for the company from $23.00 to $22.00 in a report on Thursday, February 1st. Royal Bank of Canada reissued a buy rating and issued a $25.00 price target on shares of TCF Financial in a report on Wednesday, January 31st. Wells Fargo & Co downgraded shares of TCF Financial from an outperform rating to a market perform rating in a report on Wednesday, January 31st. JPMorgan Chase & Co. downgraded shares of TCF Financial from a neutral rating to an underweight rating and set a $22.00 price target for the company. in a report on Wednesday, January 31st. Finally, Piper Jaffray Companies reaffirmed a buy rating and set a $25.00 price objective on shares of TCF Financial in a report on Tuesday, January 9th. Two analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company’s stock. TCF Financial presently has a consensus rating of Hold and a consensus target price of $21.58.
Shares of TCF Financial (NYSE TCF) traded up $0.70 during trading on Thursday, reaching $21.20. 2,566,442 shares of the company’s stock were exchanged, compared to its average volume of 1,329,874. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.47. TCF Financial has a 12-month low of $14.58 and a 12-month high of $22.42. The company has a market cap of $3,639.38, a P/E ratio of 17.67, a PEG ratio of 1.52 and a beta of 1.21.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Thursday, February 15th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.83%. This is an increase from TCF Financial’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Wednesday, February 14th. TCF Financial’s dividend payout ratio (DPR) is presently 20.83%.
In other news, Director Peter Bell sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $20.53, for a total transaction of $307,950.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.50% of the stock is currently owned by company insiders.
A number of hedge funds have recently made changes to their positions in TCF. Dimensional Fund Advisors LP bought a new position in TCF Financial during the 3rd quarter valued at about $188,275,000. Wedge Capital Management L L P NC bought a new position in TCF Financial during the 4th quarter valued at about $83,140,000. Hotchkis & Wiley Capital Management LLC bought a new position in TCF Financial during the 3rd quarter valued at about $57,331,000. Bank of New York Mellon Corp bought a new position in TCF Financial during the 4th quarter valued at about $57,471,000. Finally, Fuller & Thaler Asset Management Inc. bought a new position in TCF Financial during the 3rd quarter valued at about $40,868,000. 82.61% of the stock is owned by hedge funds and other institutional investors.
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TCF Financial 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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