Equities Analysts Offer Predictions for TCF Financial Corporation’s FY2017 Earnings (TCF)
TCF Financial Corporation (NYSE:TCF) – DA Davidson decreased their FY2017 earnings per share estimates for TCF Financial Corporation in a report released on Tuesday. DA Davidson analyst K. Reevey now expects that the company will post earnings of $1.22 per share for the year, down from their prior estimate of $1.24. DA Davidson has a “Buy” rating on the stock. DA Davidson also issued estimates for TCF Financial Corporation’s Q4 2017 earnings at $0.35 EPS.
TCF Financial Corporation (NYSE:TCF) last issued its quarterly earnings data on Friday, October 27th. The company reported $0.29 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.02). The business had revenue of $343.30 million during the quarter, compared to the consensus estimate of $340.45 million. TCF Financial Corporation had a return on equity of 9.63% and a net margin of 15.27%. TCF Financial Corporation’s quarterly revenue was up .4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.31 earnings per share.
Several other research analysts have also recently issued reports on TCF. J P Morgan Chase & Co increased their price objective on TCF Financial Corporation from $18.00 to $19.00 and gave the stock a “neutral” rating in a research note on Monday. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $18.00 price objective on shares of TCF Financial Corporation in a research note on Sunday. Zacks Investment Research raised TCF Financial Corporation from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a research note on Wednesday. Barclays PLC increased their price objective on TCF Financial Corporation from $19.00 to $20.00 and gave the stock an “overweight” rating in a research note on Monday. Finally, Piper Jaffray Companies set a $17.00 price objective on TCF Financial Corporation and gave the stock a “hold” rating in a research note on Friday, October 6th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $18.00.
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 given a dividend of $0.075 per share. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $0.30 annualized dividend and a yield of 1.65%. TCF Financial Corporation’s dividend payout ratio (DPR) is presently 26.32%.
In related news, Director Barry N. Winslow bought 12,000 shares of the company’s stock in a transaction on Thursday, September 14th. The shares were acquired at an average price of $25.00 per share, with a total value of $300,000.00. Following the transaction, the director now owns 2,365 shares of the company’s stock, valued at $59,125. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.50% of the stock is currently owned by company 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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