TCF Financial Co. (NYSE:TCF) – Investment analysts at Jefferies Group raised their Q1 2018 earnings per share estimates for shares of TCF Financial in a research report issued to clients and investors on Thursday. Jefferies Group analyst C. Haire now anticipates that the bank will post earnings per share of $0.35 for the quarter, up from their previous forecast of $0.32. Jefferies Group currently has a “Hold” rating and a $21.00 target price on the stock. Jefferies Group also issued estimates for TCF Financial’s 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 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 business had revenue of $343.30 million for the quarter, compared to the consensus estimate of $340.45 million. During the same quarter last year, the business earned $0.31 EPS. TCF Financial’s revenue for the quarter was up .4% compared to the same quarter last year.

Other equities research analysts have also issued research reports about the stock. Zacks Investment Research lowered shares of TCF Financial from a “buy” rating to a “hold” rating in a report on Thursday, November 2nd. Royal Bank Of Canada restated a “buy” rating and issued a $19.00 target price on shares of TCF Financial in a report on Friday, September 8th. DA Davidson raised shares of TCF Financial from a “neutral” rating to a “buy” rating in a research note on Tuesday, October 31st. Barclays raised their price target on shares of TCF Financial from $19.00 to $20.00 and gave the stock an “overweight” rating in a research note on Monday, October 30th. Finally, Sandler O’Neill raised shares of TCF Financial from a “hold” rating to a “buy” rating in a research note on Tuesday, November 28th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company’s stock. TCF Financial presently has an average rating of “Hold” and an average target price of $19.23.

Shares of TCF Financial (NYSE:TCF) opened at $20.46 on Friday. The stock has a market cap of $3,519.46, a PE ratio of 17.96, a PEG ratio of 3.00 and a beta of 1.29. 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 has a twelve month low of $14.58 and a twelve month high of $21.29.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of TCF Financial by 9.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,487 shares of the bank’s stock valued at $103,000 after purchasing an additional 580 shares during the period. Zions Bancorporation purchased a new stake in TCF Financial in the 3rd quarter worth $116,000. Evercore Wealth Management LLC purchased a new stake in TCF Financial in the 3rd quarter worth $128,000. Tower Research Capital LLC TRC increased its holdings in TCF Financial by 540.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 8,282 shares of the bank’s stock worth $132,000 after acquiring an additional 6,988 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. purchased a new stake in TCF Financial in the 3rd quarter worth $140,000. Institutional investors and hedge funds own 82.34% of the company’s stock.

In other TCF Financial news, Director Barry N. Winslow acquired 12,000 shares of the firm’s stock in a transaction on Thursday, September 14th. The stock was acquired at an average cost of $25.00 per share, for a total transaction of $300,000.00. Following the purchase, the director now owns 2,365 shares in the company, valued at approximately $59,125. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 2.50% of the company’s stock.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th were paid a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 1.47%. The ex-dividend date of this dividend was Tuesday, November 14th. TCF Financial’s payout ratio is 26.32%.

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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.

Earnings History and Estimates for TCF Financial (NYSE:TCF)

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