Q1 2018 EPS Estimates for TCF Financial Co. (TCF) Increased by Jefferies Group

TCF Financial Co. (NYSE:TCF) – Jefferies Group raised their Q1 2018 earnings estimates for shares of TCF Financial in a report issued on Wednesday, April 4th. Jefferies Group analyst C. Haire now forecasts that the bank will earn $0.36 per share for the quarter, up from their prior estimate of $0.34. Jefferies Group currently has a “Hold” rating on the stock.

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A number of other equities analysts also recently weighed in on TCF. ValuEngine upgraded TCF Financial from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Zacks Investment Research upgraded TCF Financial from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a report on Tuesday, January 2nd. Barclays upped their target price on TCF Financial from $21.00 to $23.00 and gave the company an “overweight” rating in a report on Tuesday, January 2nd. Piper Jaffray reiterated a “buy” rating and issued a $25.00 target price on shares of TCF Financial in a report on Tuesday, January 9th. Finally, JPMorgan Chase downgraded TCF Financial from a “neutral” rating to an “underweight” rating and set a $22.00 target price on the stock. in a report on Wednesday, January 31st. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company’s stock. TCF Financial currently has a consensus rating of “Hold” and an average target price of $22.32.

Shares of TCF opened at $22.26 on Friday. The stock has a market capitalization of $3,942.39, a PE ratio of 18.55, a price-to-earnings-growth ratio of 1.64 and a beta of 1.05. TCF Financial has a fifty-two week low of $14.58 and a fifty-two week high of $23.80. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.03 and a current ratio of 1.03.

TCF Financial (NYSE:TCF) last issued its earnings results on Tuesday, January 30th. The bank reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.02). The business had revenue of $362.75 million during the quarter, compared to analyst estimates of $355.48 million. TCF Financial had a net margin of 18.31% and a return on equity of 9.85%.

Large investors have recently added to or reduced their stakes in the stock. Cerebellum GP LLC acquired a new position in TCF Financial in the fourth quarter worth approximately $128,000. Zions Bancorporation acquired a new position in TCF Financial in the third quarter worth approximately $116,000. Ladenburg Thalmann Financial Services Inc. acquired a new position in TCF Financial in the third quarter worth approximately $140,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in TCF Financial in the fourth quarter worth approximately $190,000. Finally, State of Alaska Department of Revenue acquired a new position in TCF Financial in the fourth quarter worth approximately $190,000. Hedge funds and other institutional investors own 84.90% of the company’s stock.

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TCF Financial Company Profile

TCF Financial Corporation operates as the holding company for TCF National Bank that provides various financial products and services in the United States and Canada. It operates through Consumer Banking, Wholesale Banking, and Enterprise Services segments. The company offers checking, savings, and money market accounts; certificates of deposits; and individual retirement accounts.

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

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