TCF Financial (NYSE:TCF) will be announcing its earnings results before the market opens on Tuesday, January 30th. Analysts expect the company to announce earnings of $0.35 per share for the quarter.
TCF Financial (NYSE:TCF) last issued its quarterly earnings data on Friday, October 27th. The bank reported $0.29 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.02). The firm had revenue of $343.30 million for the quarter, compared to analyst estimates of $340.45 million. TCF Financial had a net margin of 15.27% and a return on equity of 9.63%. The firm’s revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.31 EPS. On average, analysts expect TCF Financial to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.
TCF Financial (TCF) opened at $22.10 on Monday. The stock has a market cap of $3,787.67, a P/E ratio of 19.39, a P/E/G ratio of 1.64 and a beta of 1.29. 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 has a 1-year low of $14.58 and a 1-year high of $22.42.
A number of research analysts recently issued reports on TCF shares. Royal Bank of Canada restated a “buy” rating and set a $20.00 price objective on shares of TCF Financial in a report on Friday, October 27th. Deutsche Bank upped their price target on shares of TCF Financial from $17.00 to $18.00 and gave the company a “hold” rating in a report on Wednesday, November 8th. Piper Jaffray Companies set a $17.00 price target on shares of TCF Financial and gave the company a “hold” rating in a report on Friday, October 6th. Zacks Investment Research upgraded shares of TCF Financial from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a report on Wednesday, November 1st. Finally, JPMorgan Chase & Co. upped their price target on shares of 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 given a hold rating and seven have given a buy rating to the company. TCF Financial currently has an average rating of “Hold” and an average target price of $19.85.
In other news, Director Peter Bell sold 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $20.53, for a total value 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 corporate insiders.
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TCF Financial 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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