Jefferies Group Weighs in on TCF Financial Corporation’s Q2 2017 Earnings (TCF)

TCF Financial Corporation (NYSE:TCF) – Jefferies Group dropped their Q2 2017 EPS estimates for TCF Financial Corporation in a report released on Wednesday. Jefferies Group analyst C. Haire now anticipates that the company will post earnings per share of $0.31 for the quarter, down from their prior forecast of $0.32.

A number of other analysts have also recently issued reports on TCF. Zacks Investment Research cut TCF Financial Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, June 7th. Wedbush initiated coverage on TCF Financial Corporation in a report on Wednesday, June 28th. They issued an “underperform” rating and a $14.00 price target for the company. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $17.00 price target (up from $16.50) on shares of TCF Financial Corporation in a report on Friday.

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Shares of TCF Financial Corporation (NYSE TCF) opened at 16.03 on Friday. TCF Financial Corporation has a one year low of $11.72 and a one year high of $20.03. The firm has a 50-day moving average price of $15.62 and a 200 day moving average price of $17.18. The firm has a market cap of $2.74 billion, a P/E ratio of 14.06 and a beta of 1.26.

In related news, Director Barry N. Winslow sold 10,274 shares of the firm’s stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $25.19, for a total value of $258,802.06. Following the completion of the transaction, the director now directly owns 2,365 shares of the company’s stock, valued at approximately $59,574.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Brian W. Maass acquired 3,225 shares of the company’s stock in a transaction that occurred on Thursday, June 8th. The stock was purchased at an average cost of $15.50 per share, with a total value of $49,987.50. Following the completion of the purchase, the chief financial officer now directly owns 60,027 shares in the company, valued at $930,418.50. The disclosure for this purchase can be found here. Insiders purchased a total of 4,201 shares of company stock valued at $75,015 over the last ninety days. 2.50% of the stock is currently owned by company insiders.

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.

Earnings History and Estimates for TCF Financial Corporation (NYSE:TCF)

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