TCF Financial Co. (NYSE:TCF) – Jefferies Financial Group dropped their Q2 2019 EPS estimates for shares of TCF Financial in a report released on Tuesday, January 8th. Jefferies Financial Group analyst C. Haire now forecasts that the bank will post earnings per share of $0.49 for the quarter, down from their previous forecast of $0.50.
TCF Financial (NYSE:TCF) last issued its earnings results on Monday, October 22nd. The bank reported $0.51 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.03. The firm had revenue of $365.57 million for the quarter, compared to analyst estimates of $367.63 million. TCF Financial had a return on equity of 12.89% and a net margin of 20.22%. The business’s revenue was up 6.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.29 earnings per share.
TCF has been the topic of several other reports. Zacks Investment Research upgraded TCF Financial from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a research note on Monday, December 31st. Royal Bank of Canada restated an “outperform” rating and issued a $25.00 target price on shares of TCF Financial in a research note on Tuesday, October 23rd. Wells Fargo & Co upgraded TCF Financial from a “market perform” rating to an “outperform” rating and set a $19.87 target price on the stock in a research note on Wednesday, January 2nd. Keefe, Bruyette & Woods upgraded TCF Financial from a “market perform” rating to an “outperform” rating and set a $26.00 target price on the stock in a research note on Thursday, November 8th. Finally, BMO Capital Markets lowered their target price on TCF Financial from $28.00 to $26.00 and set a “market perform” rating on the stock in a research note on Tuesday, October 23rd. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $24.99.
Shares of TCF opened at $20.60 on Friday. The firm has a market capitalization of $3.47 billion, a price-to-earnings ratio of 17.17, a PEG ratio of 0.93 and a beta of 1.15. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.98 and a current ratio of 0.99. TCF Financial has a 1 year low of $18.17 and a 1 year high of $27.34.
Large investors have recently added to or reduced their stakes in the stock. Qube Research & Technologies Ltd bought a new stake in shares of TCF Financial during the 2nd quarter valued at $119,000. Paloma Partners Management Co bought a new position in TCF Financial in the 2nd quarter worth about $268,000. Commonwealth Bank of Australia bought a new position in TCF Financial in the 3rd quarter worth about $264,000. Verition Fund Management LLC bought a new position in TCF Financial in the 2nd quarter worth about $296,000. Finally, Zeke Capital Advisors LLC bought a new position in TCF Financial in the 3rd quarter worth about $313,000. Institutional investors own 79.05% of the company’s stock.
About TCF Financial
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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