TCF Financial Co. (NYSE:TCF) – Analysts at Jefferies Financial Group reduced their FY2019 earnings per share estimates for TCF Financial in a report released on Tuesday, January 7th. Jefferies Financial Group analyst C. Haire now expects that the bank will earn $4.00 per share for the year, down from their prior forecast of $4.04. Jefferies Financial Group also issued estimates for TCF Financial’s Q4 2019 earnings at $1.01 EPS, Q2 2020 earnings at $1.02 EPS, Q3 2020 earnings at $1.11 EPS, Q4 2020 earnings at $1.16 EPS, FY2020 earnings at $4.20 EPS, Q1 2021 earnings at $1.06 EPS, Q2 2021 earnings at $1.15 EPS, Q3 2021 earnings at $1.20 EPS and FY2021 earnings at $4.65 EPS.
Other equities research analysts also recently issued reports about the company. Raymond James reiterated a “strong-buy” rating and issued a $58.00 price target (up from $53.00) on shares of TCF Financial in a report on Monday, December 30th. TheStreet upgraded TCF Financial from a “c+” rating to a “b-” rating in a report on Wednesday, November 27th. Morgan Stanley lowered their price target on TCF Financial from $45.00 to $44.00 and set an “equal weight” rating for the company in a report on Thursday, October 3rd. Bank of America began coverage on TCF Financial in a report on Monday, October 28th. They issued a “neutral” rating and a $44.00 price target for the company. Finally, Wells Fargo & Co lowered their price target on TCF Financial from $52.00 to $50.00 and set an “outperform” rating for the company in a report on Wednesday, October 2nd. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. TCF Financial currently has an average rating of “Buy” and a consensus target price of $44.00.
Shares of NYSE TCF opened at $45.39 on Friday. TCF Financial has a twelve month low of $35.96 and a twelve month high of $47.71. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $6.96 billion, a price-to-earnings ratio of 23.89, a price-to-earnings-growth ratio of 1.36 and a beta of 1.30. The business has a 50 day simple moving average of $44.89 and a 200-day simple moving average of $36.96.
TCF Financial (NYSE:TCF) last issued its quarterly earnings results on Monday, October 28th. The bank reported $0.98 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.97 by $0.01. TCF Financial had a return on equity of 14.01% and a net margin of 20.10%. The business had revenue of $459.81 million during the quarter, compared to the consensus estimate of $483.69 million. During the same period in the previous year, the business earned $1.00 EPS. The business’s quarterly revenue was up 48.0% on a year-over-year basis.
Large investors have recently added to or reduced their stakes in the company. Nelson Van Denburg & Campbell Wealth Management Group LLC bought a new position in shares of TCF Financial in the third quarter worth $26,000. Stonebridge Capital Advisors LLC acquired a new stake in shares of TCF Financial in the second quarter valued at $27,000. Signaturefd LLC lifted its holdings in shares of TCF Financial by 188.1% in the third quarter. Signaturefd LLC now owns 700 shares of the bank’s stock valued at $27,000 after buying an additional 457 shares during the period. Optimum Investment Advisors acquired a new stake in shares of TCF Financial in the third quarter valued at $45,000. Finally, Huntington National Bank acquired a new stake in shares of TCF Financial in the third quarter valued at $75,000. 80.46% of the stock is owned by institutional investors.
In other TCF Financial news, Director Arthur A. Weiss purchased 4,800 shares of the firm’s stock in a transaction dated Thursday, November 14th. The stock was bought at an average price of $41.91 per share, with a total value of $201,168.00. Following the completion of the purchase, the director now owns 32,751 shares in the company, valued at approximately $1,372,594.41. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Vance K. Opperman purchased 10,000 shares of the firm’s stock in a transaction dated Thursday, October 31st. The stock was acquired at an average cost of $42.51 per share, with a total value of $425,100.00. Corporate insiders own 2.50% of the company’s stock.
About TCF Financial
TCF Financial Corporation operates as the bank 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 deposit; and individual retirement accounts.
