TCF Financial Corporation (TCF) Announces Quarterly Earnings Results

TCF Financial Corporation (NYSE:TCF) issued its quarterly earnings results on Friday. The company reported $0.29 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.02), MarketWatch Earnings reports. TCF Financial Corporation had a return on equity of 9.59% and a net margin of 15.13%. The company had revenue of $343.30 million for the quarter, compared to analysts’ expectations of $340.45 million. During the same quarter last year, the company earned $0.31 EPS. TCF Financial Corporation’s revenue for the quarter was up .4% compared to the same quarter last year.

TCF Financial Corporation (TCF) traded up 1.764% on Friday, hitting $17.595. The stock had a trading volume of 973,767 shares. The company’s 50 day moving average is $16.62 and its 200 day moving average is $16.06. The firm has a market cap of $2.97 billion, a PE ratio of 15.247 and a beta of 1.25. TCF Financial Corporation has a 12-month low of $13.73 and a 12-month high of $20.03.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Wednesday, November 15th will be issued a $0.075 dividend. The ex-dividend date is Tuesday, November 14th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.74%. TCF Financial Corporation’s payout ratio is currently 25.86%.

Several equities research analysts have weighed in on the company. Zacks Investment Research upgraded TCF Financial Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, October 10th. Piper Jaffray Companies set a $17.00 price target on TCF Financial Corporation and gave the stock a “hold” rating in a report on Friday, October 6th. Morgan Stanley restated an “equal weight” rating and set a $17.00 price target (up previously from $16.50) on shares of TCF Financial Corporation in a report on Friday, July 7th. Deutsche Bank AG restated a “hold” rating and set a $17.00 price target (down previously from $18.00) on shares of TCF Financial Corporation in a report on Tuesday, July 25th. Finally, BMO Capital Markets restated a “hold” rating and set a $18.00 price target on shares of TCF Financial Corporation in a report on Friday, September 1st. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $17.00.

In related news, Director Barry N. Winslow acquired 12,000 shares of TCF Financial Corporation stock in a transaction on Thursday, September 14th. The shares were bought at an average price of $25.00 per share, for a total transaction of $300,000.00. Following the completion of the purchase, the director now directly owns 2,365 shares in the company, valued at approximately $59,125. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.50% of the company’s stock.

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TCF Financial Corporation Company Profile

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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