TCF Financial Corporation (TCF) to Post Q4 2017 Earnings of $0.34 Per Share, Wedbush Forecasts
TCF Financial Corporation (NYSE:TCF) – Stock analysts at Wedbush upped their Q4 2017 earnings estimates for TCF Financial Corporation in a report issued on Sunday. Wedbush analyst D. Chiaverini now anticipates that the company will post earnings per share of $0.34 for the quarter, up from their prior forecast of $0.31. Wedbush also issued estimates for TCF Financial Corporation’s Q2 2018 earnings at $0.35 EPS and Q4 2018 earnings at $0.35 EPS.
A number of other research firms have also recently weighed in on TCF. J P Morgan Chase & Co boosted their price target on TCF Financial Corporation from $18.00 to $19.00 and gave the stock a “neutral” rating in a report on Monday. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $18.00 target price on shares of TCF Financial Corporation in a research note on Sunday. Barclays PLC upped their target price on TCF Financial Corporation from $19.00 to $20.00 and gave the company an “overweight” rating in a research note on Monday. DA Davidson raised TCF Financial Corporation from a “neutral” rating to a “buy” rating in a research report on Tuesday. Finally, Piper Jaffray Companies set a $17.00 price target on TCF Financial Corporation and gave the company a “hold” rating in a research report on Friday, October 6th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $17.78.
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Shares of TCF Financial Corporation (NYSE:TCF) traded up 0.22% on Wednesday, hitting $18.26. The stock had a trading volume of 368,868 shares. The firm’s 50-day moving average is $16.92 and its 200-day moving average is $16.10. The company has a market cap of $3.08 billion, a price-to-earnings ratio of 15.82 and a beta of 1.25. 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 released its quarterly earnings data on Friday, October 27th. The company reported $0.29 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.02). The company had revenue of $343.30 million during the quarter, compared to analysts’ expectations of $340.45 million. TCF Financial Corporation had a return on equity of 9.63% and a net margin of 15.27%. The company’s revenue for the quarter was up .4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.31 EPS.
In related news, Director Barry N. Winslow acquired 12,000 shares of TCF Financial Corporation stock in a transaction dated Thursday, September 14th. The stock was acquired at an average cost of $25.00 per share, with a total value of $300,000.00. Following the purchase, the director now directly owns 2,365 shares in the company, valued at approximately $59,125. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 2.50% of the company’s stock.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Wednesday, November 15th will be paid a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 1.65%. The ex-dividend date of this dividend is Tuesday, November 14th. TCF Financial Corporation’s dividend payout ratio is presently 26.32%.
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.
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