TCF Financial Corporation (NYSE:TCF) Receiving Somewhat Positive News Coverage, Study Shows
Media stories about TCF Financial Corporation (NYSE:TCF) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group rates the sentiment of media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. TCF Financial Corporation earned a news sentiment score of 0.10 on Accern’s scale. Accern also assigned news stories about the company an impact score of 48.2541446833002 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
A number of research firms recently weighed in on TCF. Zacks Investment Research lowered shares of TCF Financial Corporation from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Deutsche Bank AG reaffirmed a “hold” rating and set a $17.00 price target (down from $18.00) on shares of TCF Financial Corporation in a report on Tuesday, July 25th. Morgan Stanley reaffirmed an “equal weight” rating and set a $17.00 price target (up from $16.50) on shares of TCF Financial Corporation in a report on Friday, July 7th. Finally, Wedbush began coverage on shares of TCF Financial Corporation in a report on Wednesday, June 28th. They set an “underperform” rating and a $14.00 price target for the company.
TCF Financial Corporation (TCF) traded up 0.23% during midday trading on Friday, reaching $14.94. 1,198,242 shares of the company were exchanged. The firm’s 50-day moving average is $15.77 and its 200-day moving average is $16.46. The firm has a market cap of $2.52 billion, a P/E ratio of 12.95 and a beta of 1.26. TCF Financial Corporation has a one year low of $13.73 and a one year high of $20.03.
TCF Financial Corporation (NYSE:TCF) last announced its quarterly earnings results on Monday, July 24th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.03. The firm had revenue of $341.80 million for the quarter, compared to analyst estimates of $336.12 million. TCF Financial Corporation had a net margin of 15.13% and a return on equity of 9.59%. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.31 EPS. On average, equities analysts expect that TCF Financial Corporation will post $1.21 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Tuesday, August 15th will be issued a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 2.01%. The ex-dividend date of this dividend is Friday, August 11th. TCF Financial Corporation’s dividend payout ratio (DPR) is presently 25.86%.
In other news, CFO Brian W. Maass bought 3,225 shares of the stock in a transaction dated Thursday, June 8th. The shares were acquired at an average price of $15.50 per share, with a total value of $49,987.50. Following the acquisition, the chief financial officer now owns 60,027 shares in the company, valued at $930,418.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Barry N. Winslow sold 10,274 shares of the company’s stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $25.19, for a total transaction of $258,802.06. Following the completion of the sale, the director now directly owns 2,365 shares in the company, valued at approximately $59,574.35. The disclosure for this sale can be found here. Insiders acquired a total of 4,201 shares of company stock worth $75,015 in the last three months. Insiders own 2.50% of the company’s stock.
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TCF Financial Corporation 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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