TCF Financial Co. (TCF) Plans $0.15 Quarterly Dividend

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TCF Financial Co. (NYSE:TCF) declared a quarterly dividend on Wednesday, January 23rd, Zacks reports. Stockholders of record on Friday, February 15th will be paid a dividend of 0.15 per share by the bank on Friday, March 1st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date is Thursday, February 14th.

Shares of TCF Financial stock traded down $0.29 during trading on Friday, reaching $22.52. The company’s stock had a trading volume of 1,521,453 shares, compared to its average volume of 1,745,713. The stock has a market capitalization of $3.80 billion, a price-to-earnings ratio of 11.85, a PEG ratio of 1.15 and a beta of 1.22. TCF Financial has a fifty-two week low of $18.17 and a fifty-two week high of $27.34. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.99 and a quick ratio of 0.99.

TCF Financial (NYSE:TCF) last announced its earnings results on Monday, January 28th. The bank reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.04. The business had revenue of $377.02 million for the quarter, compared to analysts’ expectations of $367.53 million. TCF Financial had a net margin of 18.87% and a return on equity of 14.00%. During the same period in the previous year, the company posted $0.28 EPS. Analysts anticipate that TCF Financial will post 1.92 earnings per share for the current year.

A number of equities analysts have recently commented on TCF shares. Raymond James raised shares of TCF Financial from an “outperform” rating to a “strong-buy” rating and set a $28.00 target price on the stock in a report on Tuesday, January 29th. Bank of America cut shares of TCF Financial from a “buy” rating to a “neutral” rating in a report on Thursday, January 10th. BMO Capital Markets raised shares of TCF Financial from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $22.00 to $29.00 in a report on Tuesday, January 29th. Zacks Investment Research raised shares of TCF Financial from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a report on Monday, December 31st. Finally, ValuEngine raised shares of TCF Financial from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. Ten research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $26.00.

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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.

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Dividend History for TCF Financial (NYSE:TCF)

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