TCF Financial Corporation (TCF) Given New $18.00 Price Target at Deutsche Bank AG
TCF Financial Corporation (NYSE:TCF) had its price objective increased by Deutsche Bank AG from $17.00 to $18.00 in a research report released on Wednesday. They currently have a hold rating on the stock.
A number of other equities research analysts have also recently issued reports on TCF. Zacks Investment Research cut TCF Financial Corporation from a buy rating to a hold rating in a research note on Thursday, November 2nd. Piper Jaffray Companies set a $17.00 target price on TCF Financial Corporation and gave the company a hold rating in a report on Friday, October 6th. DA Davidson raised TCF Financial Corporation from a neutral rating to a buy rating in a report on Tuesday, October 31st. Keefe, Bruyette & Woods reaffirmed a hold rating and set a $18.00 target price on shares of TCF Financial Corporation in a report on Sunday, October 29th. Finally, Barclays PLC lifted their target price on TCF Financial Corporation from $19.00 to $20.00 and gave the company an overweight rating in a report on Monday, October 30th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company. TCF Financial Corporation presently has an average rating of Hold and an average price target of $18.10.
Shares of TCF Financial Corporation (NYSE:TCF) traded down $0.18 during trading on Wednesday, reaching $17.80. The company had a trading volume of 1,060,360 shares, compared to its average volume of 1,559,658. TCF Financial Corporation has a fifty-two week low of $14.58 and a fifty-two week high of $20.03. The company has a market cap of $3,093.06, a PE ratio of 15.78, a P/E/G ratio of 1.79 and a beta of 1.25. 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 Corporation (NYSE:TCF) last announced its quarterly earnings data on Friday, October 27th. The company reported $0.29 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.02). TCF Financial Corporation had a net margin of 15.27% and a return on equity of 9.63%. The firm had revenue of $343.30 million during the quarter, compared to the consensus estimate of $340.45 million. During the same quarter in the prior year, the firm posted $0.31 earnings per share. The company’s revenue was up .4% on a year-over-year basis. research analysts predict that TCF Financial Corporation will post 1.22 earnings per share for the current fiscal year.
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The business also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th will be issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date of this dividend is Tuesday, November 14th. TCF Financial Corporation’s 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 stock was bought at an average price of $25.00 per share, with a total value of $300,000.00. Following the completion of the acquisition, the director now owns 2,365 shares of the company’s stock, valued at $59,125. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 2.50% of the stock is currently owned by insiders.
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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