TCF Financial Corporation (TCF) Receives “Hold” Rating from BMO Capital Markets
BMO Capital Markets reaffirmed their hold rating on shares of TCF Financial Corporation (NYSE:TCF) in a research report released on Friday. BMO Capital Markets currently has a $18.00 price target on the stock.
A number of other equities research analysts also recently issued reports on the stock. JMP Securities assumed coverage on shares of TCF Financial Corporation in a research note on Thursday. They set a market perform rating on the stock. Zacks Investment Research downgraded shares of TCF Financial Corporation from a buy rating to a hold rating in a research note on Thursday, July 27th. Deutsche Bank AG reiterated a hold rating and set a $17.00 price objective (down from $18.00) on shares of TCF Financial Corporation in a research note on Tuesday, July 25th. Morgan Stanley reiterated an equal weight rating and set a $17.00 price objective (up from $16.50) on shares of TCF Financial Corporation in a research note on Friday, July 7th. Finally, Wedbush assumed coverage on shares of TCF Financial Corporation in a research note on Wednesday, June 28th. They set an underperform rating and a $14.00 price objective on the stock. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. TCF Financial Corporation currently has an average rating of Hold and an average target price of $16.50.
TCF Financial Corporation (NYSE:TCF) traded up 0.77% during trading on Friday, hitting $15.65. 1,084,773 shares of the stock were exchanged. The stock has a market capitalization of $2.64 billion, a price-to-earnings ratio of 13.56 and a beta of 1.25. The firm has a 50-day moving average of $15.56 and a 200-day moving average of $16.21. TCF Financial Corporation has a 52 week low of $13.73 and a 52 week high of $20.03.
TCF Financial Corporation (NYSE:TCF) last announced its quarterly earnings data on Monday, July 24th. The company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.03. The firm had revenue of $341.80 million for the quarter, compared to the consensus estimate 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 period in the prior year, the company posted $0.31 earnings per share. Equities research analysts anticipate that TCF Financial Corporation will post $1.21 earnings per share for the current fiscal year.
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The company also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Tuesday, August 15th were paid a dividend of $0.075 per share. The ex-dividend date of this dividend was Friday, August 11th. This represents a $0.30 dividend on an annualized basis and a yield of 1.92%. TCF Financial Corporation’s payout ratio is 25.86%.
In other news, CFO Brian W. Maass acquired 3,225 shares of TCF Financial Corporation stock in a transaction on Thursday, June 8th. The shares were purchased at an average cost of $15.50 per share, for a total transaction of $49,987.50. Following the completion of the purchase, the chief financial officer now directly owns 60,027 shares of the company’s stock, valued at approximately $930,418.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders have acquired 4,201 shares of company stock worth $75,015 over the last quarter. Corporate insiders own 2.50% of the company’s stock.
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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