TCF Financial Co. (NYSE:TCF) – Jefferies Financial Group issued their Q1 2019 EPS estimates for shares of TCF Financial in a report released on Tuesday, October 9th. Jefferies Financial Group analyst C. Haire forecasts that the bank will earn $0.42 per share for the quarter. Jefferies Financial Group currently has a “Hold” rating and a $26.00 price objective on the stock. Jefferies Financial Group also issued estimates for TCF Financial’s Q2 2019 earnings at $0.49 EPS, Q3 2019 earnings at $0.52 EPS and Q4 2019 earnings at $0.47 EPS.
Several other equities research analysts have also commented on the company. Bank of America upgraded TCF Financial from a “neutral” rating to a “buy” rating and upped their target price for the company from $25.00 to $30.00 in a research report on Thursday, September 6th. Zacks Investment Research lowered TCF Financial from a “buy” rating to a “hold” rating in a research report on Friday, August 3rd. Morgan Stanley upped their target price on TCF Financial from $26.00 to $27.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 31st. Wells Fargo & Co set a $25.00 target price on TCF Financial and gave the company a “hold” rating in a research report on Tuesday, October 2nd. Finally, Sandler O’Neill restated a “buy” rating and set a $29.00 target price on shares of TCF Financial in a research report on Friday, July 27th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have assigned a buy rating to the company. TCF Financial currently has a consensus rating of “Hold” and an average price target of $25.81.
Shares of TCF Financial stock opened at $22.91 on Thursday. TCF Financial has a one year low of $16.71 and a one year high of $27.34. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.00 and a current ratio of 1.01. The stock has a market cap of $3.99 billion, a P/E ratio of 19.52, a price-to-earnings-growth ratio of 1.12 and a beta of 1.01.
TCF Financial (NYSE:TCF) last announced its earnings results on Friday, July 27th. The bank reported $0.49 EPS for the quarter, beating the consensus estimate of $0.46 by $0.03. TCF Financial had a return on equity of 11.81% and a net margin of 19.04%. The company had revenue of $364.90 million for the quarter, compared to analyst estimates of $361.56 million. During the same quarter in the prior year, the company earned $0.33 EPS. The firm’s revenue for the quarter was up 6.8% compared to the same quarter last year.
In other TCF Financial news, insider Thomas F. Jasper sold 77,725 shares of the stock in a transaction that occurred on Thursday, August 16th. The stock was sold at an average price of $25.69, for a total value of $1,996,755.25. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Brian W. Maass sold 12,236 shares of the stock in a transaction that occurred on Thursday, August 2nd. The stock was sold at an average price of $25.74, for a total value of $314,954.64. The disclosure for this sale can be found here. In the last quarter, insiders sold 139,961 shares of company stock worth $3,596,710. Corporate insiders own 2.34% of the company’s stock.
A number of large investors have recently made changes to their positions in TCF. Millennium Management LLC raised its stake in shares of TCF Financial by 68.0% in the second quarter. Millennium Management LLC now owns 4,831,359 shares of the bank’s stock worth $118,948,000 after purchasing an additional 1,954,772 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in shares of TCF Financial by 251.2% in the second quarter. Assenagon Asset Management S.A. now owns 1,061,567 shares of the bank’s stock worth $26,136,000 after purchasing an additional 759,311 shares during the last quarter. Lord Abbett & CO. LLC purchased a new stake in shares of TCF Financial in the first quarter worth approximately $6,843,000. LSV Asset Management raised its stake in shares of TCF Financial by 6.6% in the second quarter. LSV Asset Management now owns 3,779,152 shares of the bank’s stock worth $93,042,000 after purchasing an additional 232,888 shares during the last quarter. Finally, KBC Group NV raised its stake in shares of TCF Financial by 1,270.9% in the second quarter. KBC Group NV now owns 189,935 shares of the bank’s stock worth $4,676,000 after purchasing an additional 176,080 shares during the last quarter. Institutional investors and hedge funds own 81.39% of the company’s stock.
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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