TCF Financial Co. (NYSE:TCF)’s share price reached a new 52-week high and low on Monday . The stock traded as low as $26.67 and last traded at $26.46, with a volume of 66239 shares. The stock had previously closed at $25.86.
Several equities analysts recently weighed in on TCF shares. JPMorgan Chase cut TCF Financial from a “neutral” rating to an “underweight” rating and set a $22.00 price objective for the company. in a research report on Wednesday, January 31st. Wells Fargo & Co lowered TCF Financial from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 31st. Royal Bank of Canada restated a “buy” rating and set a $25.00 price target on shares of TCF Financial in a research note on Wednesday, January 31st. Barclays lowered TCF Financial from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $23.00 to $22.00 in a research note on Thursday, February 1st. Finally, Jefferies Group restated a “hold” rating on shares of TCF Financial in a research note on Thursday, February 1st. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the company’s stock. TCF Financial presently has a consensus rating of “Hold” and a consensus price target of $24.75.
The company has a market cap of $4.45 billion, a price-to-earnings ratio of 21.99, a P/E/G ratio of 1.80 and a beta of 1.04. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.02 and a quick ratio of 1.02.
TCF Financial (NYSE:TCF) last released its quarterly earnings data on Monday, April 23rd. The bank reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.02. TCF Financial had a return on equity of 10.86% and a net margin of 19.62%. The company had revenue of $355.40 million for the quarter, compared to analyst estimates of $349.56 million. The firm’s quarterly revenue was up 9.2% on a year-over-year basis. equities analysts expect that TCF Financial Co. will post 1.79 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 1st. Stockholders of record on Tuesday, May 15th will be paid a $0.15 dividend. The ex-dividend date is Monday, May 14th. This represents a $0.60 annualized dividend and a dividend yield of 2.27%. TCF Financial’s dividend payout ratio is currently 50.00%.
In other news, Director Barry N. Winslow sold 12,000 shares of the business’s stock in a transaction that occurred on Friday, May 11th. The stock was sold at an average price of $25.99, for a total value of $311,880.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Peter Bell sold 9,716 shares of the business’s stock in a transaction that occurred on Tuesday, May 8th. The stock was sold at an average price of $25.39, for a total value of $246,689.24. The disclosure for this sale can be found here. Corporate insiders own 2.34% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in TCF. Cerebellum GP LLC acquired a new position in shares of TCF Financial in the 4th quarter worth approximately $128,000. Summit Trail Advisors LLC boosted its holdings in shares of TCF Financial by 2,114.1% in the 1st quarter. Summit Trail Advisors LLC now owns 180,712 shares of the bank’s stock worth $181,000 after acquiring an additional 172,550 shares in the last quarter. State of Alaska Department of Revenue acquired a new position in shares of TCF Financial in the 4th quarter worth approximately $190,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in TCF Financial during the 4th quarter worth $190,000. Finally, Parametrica Management Ltd acquired a new position in TCF Financial during the 1st quarter worth $200,000. 85.32% of the stock is currently owned by institutional investors and hedge funds.
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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