TCF Financial Co. Forecasted to Post FY2017 Earnings of $1.24 Per Share (TCF)

TCF Financial Co. (NYSE:TCF) – Equities research analysts at Jefferies Group issued their FY2017 EPS estimates for shares of TCF Financial in a research note issued to investors on Thursday, Zacks Investment Research reports. Jefferies Group analyst C. Haire forecasts that the bank will earn $1.24 per share for the year. Jefferies Group currently has a “Hold” rating and a $21.00 target price on the stock. Jefferies Group also issued estimates for TCF Financial’s Q4 2017 earnings at ($0.15) EPS.

Several other equities analysts also recently weighed in on TCF. Royal Bank of Canada restated a “buy” rating and issued a $19.00 target price on shares of TCF Financial in a research report on Friday, September 8th. Zacks Investment Research downgraded TCF Financial from a “hold” rating to a “sell” rating in a research report on Monday, September 25th. Piper Jaffray Companies set a $17.00 price target on TCF Financial and gave the company a “hold” rating in a report on Friday, October 6th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $18.00 price target on shares of TCF Financial in a report on Sunday, October 29th. Finally, JPMorgan Chase & Co. increased their price target on TCF Financial from $18.00 to $19.00 and gave the company a “neutral” rating in a report on Monday, October 30th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $19.69.

TCF Financial (NYSE TCF) traded up $0.25 during midday trading on Monday, hitting $20.75. The stock had a trading volume of 1,211,784 shares, compared to its average volume of 1,141,650. The stock has a market capitalization of $3,524.61, a P/E ratio of 18.20, a PEG ratio of 2.78 and a beta of 1.29. TCF Financial has a 1-year low of $14.58 and a 1-year high of $21.29. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.03 and a current ratio of 1.04.

TCF Financial (NYSE:TCF) last issued its quarterly earnings results on Friday, October 27th. The bank reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.02). The business had revenue of $343.30 million for the quarter, compared to analysts’ expectations of $340.45 million. TCF Financial had a return on equity of 9.63% and a net margin of 15.27%. The business’s revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.31 EPS.

In other TCF Financial news, Director Peter Bell sold 15,000 shares of the firm’s stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $20.53, for a total transaction of $307,950.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.50% of the stock is owned by company insiders.

A number of hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP acquired a new stake in TCF Financial during the third quarter worth $188,275,000. JPMorgan Chase & Co. increased its stake in TCF Financial by 12.1% during the third quarter. JPMorgan Chase & Co. now owns 6,274,734 shares of the bank’s stock worth $106,545,000 after acquiring an additional 676,834 shares during the last quarter. Hotchkis & Wiley Capital Management LLC acquired a new stake in TCF Financial during the third quarter worth $57,331,000. LSV Asset Management boosted its position in shares of TCF Financial by 2.4% during the second quarter. LSV Asset Management now owns 2,922,164 shares of the bank’s stock worth $46,579,000 after buying an additional 69,407 shares during the period. Finally, Fuller & Thaler Asset Management Inc. purchased a new position in shares of TCF Financial during the third quarter worth $40,868,000. 82.25% of the stock is owned by institutional investors.

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About TCF Financial

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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