Shares of TCF Financial Co. (NYSE:TCF) have received an average rating of “Hold” from the sixteen analysts that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and six have given a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $21.50.
Several research firms recently weighed in on TCF. Jefferies Group reissued a “hold” rating on shares of TCF Financial in a research report on Thursday, February 1st. Zacks Investment Research raised TCF Financial from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a research report on Tuesday, January 2nd. Wells Fargo & Co lowered TCF Financial from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 31st. Barclays lowered TCF Financial from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $23.00 to $22.00 in a research report on Thursday, February 1st. Finally, JPMorgan Chase & Co. lowered TCF Financial from a “neutral” rating to an “underweight” rating and set a $22.00 price target on the stock. in a research report on Wednesday, January 31st.
TCF Financial (TCF) traded down $0.35 during trading hours on Friday, reaching $22.37. The company had a trading volume of 1,320,000 shares, compared to its average volume of 1,420,000. The firm has a market capitalization of $3,820.00, a price-to-earnings ratio of 33.89, a price-to-earnings-growth ratio of 1.61 and a beta of 1.21. TCF Financial has a 52-week low of $14.58 and a 52-week high of $22.88. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.47.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Thursday, February 15th will be given a $0.15 dividend. This is a positive change from TCF Financial’s previous quarterly dividend of $0.08. This represents a $0.60 annualized dividend and a yield of 2.68%. The ex-dividend date of this dividend is Wednesday, February 14th. TCF Financial’s dividend payout ratio is presently 90.91%.
In other TCF Financial news, Director Peter Bell sold 15,000 shares of the company’s stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $20.53, for a total value of $307,950.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 2.50% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Janus Henderson Group PLC bought a new stake in shares of TCF Financial during the 2nd quarter worth about $523,000. The Manufacturers Life Insurance Company boosted its stake in shares of TCF Financial by 1.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 251,578 shares of the bank’s stock worth $4,010,000 after acquiring an additional 4,722 shares in the last quarter. Verition Fund Management LLC bought a new stake in shares of TCF Financial during the 2nd quarter worth about $162,000. Oakbrook Investments LLC bought a new stake in shares of TCF Financial during the 3rd quarter worth about $250,000. Finally, Fox Run Management L.L.C. boosted its stake in shares of TCF Financial by 66.0% during the 3rd quarter. Fox Run Management L.L.C. now owns 44,000 shares of the bank’s stock worth $750,000 after acquiring an additional 17,500 shares in the last quarter. Institutional investors own 79.11% of the company’s stock.
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TCF Financial 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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