TCF Financial Corp. (NYSE:TCB) – Jefferies Group issued their Q1 2017 earnings per share (EPS) estimates for shares of TCF Financial Corp. in a report released on Tuesday. Jefferies Group analyst E. Harmon anticipates that the brokerage will post earnings per share of $0.26 for the quarter. Jefferies Group has a “Hold” rating and a $13.50 price objective on the stock. Jefferies Group also issued estimates for TCF Financial Corp.’s Q2 2017 earnings at $0.31 EPS, Q3 2017 earnings at $0.31 EPS, Q4 2017 earnings at $0.32 EPS and FY2018 earnings at $1.30 EPS.
TCF Financial Corp. (NYSE:TCB) last posted its quarterly earnings data on Friday, July 22nd. The company reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.02. TCF Financial Corp. had a return on equity of 10.14% and a net margin of 15.34%. The business had revenue of $330.90 million for the quarter, compared to analyst estimates of $214.32 million. During the same quarter in the prior year, the company earned $0.29 earnings per share. The company’s revenue was up 3.6% on a year-over-year basis.
A number of other research analysts have also recently weighed in on TCB. Zacks Investment Research cut shares of TCF Financial Corp. from a “hold” rating to a “sell” rating in a research note on Monday, June 27th. JPMorgan Chase & Co. decreased their target price on shares of TCF Financial Corp. from $13.50 to $13.00 and set a “neutral” rating on the stock in a research report on Thursday, July 7th. FBR & Co lowered shares of TCF Financial Corp. from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $16.00 to $14.00 in a research report on Monday, July 25th. Barclays PLC raised their target price on shares of TCF Financial Corp. from $14.00 to $15.00 and gave the stock an “overweight” rating in a research report on Monday, July 25th. Finally, Keefe, Bruyette & Woods raised their target price on shares of TCF Financial Corp. from $15.00 to $15.50 and gave the stock a “market perform” rating in a research report on Monday, July 25th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $14.79.
Shares of TCF Financial Corp. (NYSE:TCB) opened at 14.25 on Thursday. TCF Financial Corp. has a 52-week low of $10.37 and a 52-week high of $15.94. The stock’s 50 day moving average price is $14.49 and its 200-day moving average price is $13.58. The stock has a market cap of $2.38 billion, a price-to-earnings ratio of 12.50 and a beta of 1.12.
Several institutional investors have recently bought and sold shares of TCB. Pacad Investment Ltd. acquired a new position in TCF Financial Corp. during the second quarter valued at $120,000. Hsbc Holdings PLC acquired a new position in TCF Financial Corp. during the second quarter valued at $129,000. Bank of Montreal Can acquired a new position in TCF Financial Corp. during the second quarter valued at $130,000. Fox Run Management L.L.C. acquired a new position in TCF Financial Corp. during the third quarter valued at $147,000. Finally, White Pine Capital LLC raised its position in TCF Financial Corp. by 27.4% in the second quarter. White Pine Capital LLC now owns 13,932 shares of the company’s stock valued at $176,000 after buying an additional 3,000 shares during the last quarter. Institutional investors and hedge funds own 78.20% of the company’s stock.
About TCF Financial Corp.
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: Lending, Funding and Support Services. Its Lending segment includes consumer real estate, commercial real estate and business lending, leasing and equipment finance, inventory finance and auto finance.
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