TCF Financial Co. (TCF) Forecasted to Post FY2018 Earnings of $1.57 Per Share
TCF Financial Co. (NYSE:TCF) – Equities research analysts at Wedbush increased their FY2018 earnings per share (EPS) estimates for shares of TCF Financial in a report issued on Thursday. Wedbush analyst D. Chiaverini now anticipates that the bank will earn $1.57 per share for the year, up from their previous forecast of $1.38. Wedbush also issued estimates for TCF Financial’s FY2019 earnings at $1.61 EPS.
A number of other brokerages have also issued reports on TCF. ValuEngine upgraded shares of TCF Financial from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Zacks Investment Research upgraded shares of TCF Financial from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a research report on Tuesday. Barclays increased their target price on shares of TCF Financial from $21.00 to $23.00 and gave the company an “overweight” rating in a research report on Tuesday. Jefferies Group reiterated a “hold” rating and issued a $21.00 target price on shares of TCF Financial in a research report on Friday, December 8th. Finally, DA Davidson reiterated a “buy” rating and issued a $23.00 target price on shares of TCF Financial in a research report on Wednesday, November 29th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the company. TCF Financial presently has a consensus rating of “Hold” and a consensus price target of $19.69.
TCF Financial (TCF) opened at $21.01 on Friday. The stock has a market cap of $3,610.00, a PE ratio of 18.59, a P/E/G ratio of 1.72 and a beta of 1.29. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.04 and a quick ratio of 1.03. TCF Financial has a 12-month low of $14.58 and a 12-month high of $21.29.
TCF Financial (NYSE:TCF) last released its quarterly earnings data on Friday, October 27th. The bank reported $0.29 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.02). TCF Financial had a return on equity of 9.63% and a net margin of 15.27%. The firm had revenue of $343.30 million during the quarter, compared to analyst estimates of $340.45 million. During the same period last year, the business earned $0.31 EPS. The firm’s revenue was up .4% on a year-over-year basis.
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 document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.50% of the company’s stock.
Large investors have recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of TCF Financial by 9.8% during 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 in the last quarter. Zions Bancorporation bought a new position in shares of TCF Financial during the 3rd quarter valued at about $116,000. Evercore Wealth Management LLC bought a new position in shares of TCF Financial during the 3rd quarter valued at about $128,000. Tower Research Capital LLC TRC boosted its position in shares of TCF Financial by 540.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 8,282 shares of the bank’s stock valued at $132,000 after purchasing an additional 6,988 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. bought a new position in shares of TCF Financial during the 3rd quarter valued at about $140,000. Institutional investors own 82.25% of the company’s stock.
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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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