TCF Financial Corporation Expected to Earn Q1 2018 Earnings of $0.34 Per Share (TCF)
TCF Financial Corporation (NYSE:TCF) – Stock analysts at DA Davidson issued their Q1 2018 earnings per share (EPS) estimates for shares of TCF Financial Corporation in a research report issued on Tuesday. DA Davidson analyst K. Reevey forecasts that the company will post earnings of $0.34 per share for the quarter. DA Davidson currently has a “Buy” rating on the stock. DA Davidson also issued estimates for TCF Financial Corporation’s Q2 2018 earnings at $0.37 EPS, Q3 2018 earnings at $0.37 EPS, Q4 2018 earnings at $0.40 EPS, FY2018 earnings at $1.48 EPS and FY2019 earnings at $1.62 EPS.
TCF Financial Corporation (NYSE:TCF) last issued its quarterly earnings results on Friday, October 27th. The company reported $0.29 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.02). The firm had revenue of $343.30 million during the quarter, compared to analysts’ expectations of $340.45 million. TCF Financial Corporation had a net margin of 15.27% and a return on equity of 9.63%. The firm’s revenue was up .4% compared to the same quarter last year. During the same quarter last year, the company posted $0.31 EPS.
TCF has been the topic of several other research reports. Royal Bank Of Canada reissued a “buy” rating and set a $20.00 price objective on shares of TCF Financial Corporation in a research note on Friday, October 27th. Piper Jaffray Companies set a $17.00 price objective on shares of TCF Financial Corporation and gave the stock a “hold” rating in a research note on Friday, October 6th. BMO Capital Markets reissued a “hold” rating and set a $18.00 price objective on shares of TCF Financial Corporation in a research note on Friday, September 1st. JMP Securities started coverage on shares of TCF Financial Corporation in a research note on Thursday, August 31st. They set a “market perform” rating on the stock. Finally, Zacks Investment Research raised shares of TCF Financial Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, October 10th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $18.00.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Wednesday, November 15th will be given a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date of this dividend is Tuesday, November 14th. TCF Financial Corporation’s dividend payout ratio is presently 26.32%.
In other TCF Financial Corporation news, Director Barry N. Winslow acquired 12,000 shares of the business’s stock in a transaction dated Thursday, September 14th. The shares were acquired at an average price of $25.00 per share, with a total value of $300,000.00. Following the completion of the transaction, the director now directly owns 2,365 shares in the company, valued at approximately $59,125. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 2.50% of the company’s stock.
About TCF Financial Corporation
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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