TCF Financial Corporation (NYSE:TCF) – Equities researchers at Jefferies Group upped their Q3 2017 earnings per share (EPS) estimates for shares of TCF Financial Corporation in a research report issued to clients and investors on Monday. Jefferies Group analyst C. Haire now forecasts that the company will post earnings of $0.30 per share for the quarter, up from their previous forecast of $0.29. Jefferies Group also issued estimates for TCF Financial Corporation’s Q1 2018 earnings at $0.30 EPS, Q2 2018 earnings at $0.34 EPS, Q3 2018 earnings at $0.34 EPS and Q4 2018 earnings at $0.33 EPS.
TCF Financial Corporation (NYSE:TCF) last posted its earnings results on Monday, July 24th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.03. The company had revenue of $341.80 million for the quarter, compared to analysts’ expectations of $336.12 million. TCF Financial Corporation had a return on equity of 9.59% and a net margin of 15.13%. TCF Financial Corporation’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period last year, the firm earned $0.31 earnings per share.
Several other analysts have also recently issued reports on the stock. JMP Securities started coverage on shares of TCF Financial Corporation in a research report on Thursday, August 31st. They set a “market perform” rating on the stock. Zacks Investment Research cut shares of TCF Financial Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Wedbush assumed coverage on shares of TCF Financial Corporation in a research report on Wednesday, June 28th. They set an “underperform” rating and a $14.00 target price on the stock. Royal Bank Of Canada reissued a “buy” rating and issued a $19.00 price objective on shares of TCF Financial Corporation in a research report on Friday, September 8th. Finally, Deutsche Bank AG reissued a “hold” rating and issued a $17.00 price objective (down from $18.00) on shares of TCF Financial Corporation in a research report on Tuesday, July 25th. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $17.00.
Shares of TCF Financial Corporation (NYSE TCF) opened at 16.98 on Wednesday. TCF Financial Corporation has a 1-year low of $13.73 and a 1-year high of $20.03. The company has a 50 day moving average price of $16.21 and a 200 day moving average price of $16.02. The company has a market capitalization of $2.86 billion, a PE ratio of 14.71 and a beta of 1.25.
In other news, Director Barry N. Winslow acquired 12,000 shares of TCF Financial Corporation stock in a transaction that occurred on Thursday, September 14th. The shares were bought at an average cost of $25.00 per share, with a total value of $300,000.00. Following the transaction, the director now directly owns 2,365 shares of the company’s stock, valued at approximately $59,125. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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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