TCF Financial Co. (TCF) to Issue $0.15 Quarterly Dividend

TCF Financial Co. (NYSE:TCF) declared a quarterly dividend on Thursday, April 19th, RTT News reports. Shareholders of record on Tuesday, May 15th will be paid a dividend of 0.15 per share by the bank on Friday, June 1st. This represents a $0.60 annualized dividend and a yield of 2.63%.

TCF stock traded up $0.44 during mid-day trading on Thursday, hitting $22.79. 1,275,648 shares of the company were exchanged, compared to its average volume of 1,519,124. The firm has a market cap of $3,850.07, a P/E ratio of 18.99, a P/E/G ratio of 1.60 and a beta of 1.05. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.03 and a quick ratio of 1.03. TCF Financial has a twelve month low of $14.58 and a twelve month high of $23.80.

How to Become a New Pot Stock Millionaire

TCF Financial (NYSE:TCF) last announced its quarterly earnings data on Tuesday, January 30th. The bank reported $0.33 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.02). The company had revenue of $362.75 million for the quarter, compared to analyst estimates of $355.48 million. TCF Financial had a return on equity of 9.85% and a net margin of 18.31%. sell-side analysts expect that TCF Financial will post 1.71 EPS for the current year.

TCF has been the topic of a number of recent research reports. Zacks Investment Research downgraded shares of TCF Financial from a “buy” rating to a “hold” rating in a research report on Friday, April 6th. Royal Bank of Canada restated a “buy” rating and issued a $25.00 price target on shares of TCF Financial in a research report on Wednesday, January 31st. Piper Jaffray restated a “buy” rating and issued a $25.00 price target on shares of TCF Financial in a research report on Tuesday, January 9th. Morgan Stanley raised their price target on shares of TCF Financial from $21.50 to $22.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 1st. Finally, Wells Fargo downgraded shares of TCF Financial from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 31st. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $22.39.

WARNING: This report was first posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this report on another website, it was stolen and reposted in violation of United States and international copyright & trademark law. The original version of this report can be viewed at https://ledgergazette.com/2018/04/19/tcf-financial-co-tcf-to-issue-0-15-quarterly-dividend.html.

About TCF Financial

TCF Financial Corporation operates as the holding company for TCF National Bank that provides various financial products and services in the United States and Canada. It operates through Consumer Banking, Wholesale Banking, and Enterprise Services segments. The company offers checking, savings, and money market accounts; certificates of deposits; and individual retirement accounts.

Dividend History for TCF Financial (NYSE:TCF)

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

Leave a Reply