Jefferies Group Weighs in on TCF Financial Co.’s FY2018 Earnings (TCF)

TCF Financial Co. (NYSE:TCF) – Equities research analysts at Jefferies Group raised their FY2018 EPS estimates for TCF Financial in a research note issued on Monday, according to Zacks Investment Research. Jefferies Group analyst C. Haire now anticipates that the bank will post earnings of $1.58 per share for the year, up from their previous forecast of $1.43. Jefferies Group has a “Hold” rating on the stock. Jefferies Group also issued estimates for TCF Financial’s FY2019 earnings at $1.67 EPS.

Several other analysts have also recently weighed in on the stock. Deutsche Bank boosted their price objective on shares of TCF Financial from $17.00 to $18.00 and gave the stock a “hold” rating in a research note on Wednesday, November 8th. Barclays boosted their price objective on shares of TCF Financial from $21.00 to $23.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 2nd. Piper Jaffray Companies raised shares of TCF Financial from a “neutral” rating to an “overweight” rating and set a $23.00 price objective on the stock in a research note on Tuesday, November 28th. JPMorgan Chase & Co. boosted their price objective on shares of TCF Financial from $18.00 to $19.00 and gave the stock a “neutral” rating in a research note on Monday, October 30th. Finally, Zacks Investment Research raised shares of TCF Financial from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a research note on Tuesday, January 2nd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $20.92.

Shares of TCF Financial (NYSE:TCF) opened at $21.65 on Tuesday. The firm has a market cap of $3,720.00, a price-to-earnings ratio of 19.16, a price-to-earnings-growth ratio of 1.58 and a beta of 1.21. TCF Financial has a one year low of $14.58 and a one year high of $22.42. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.03 and a current ratio of 1.03.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Thursday, February 15th will be issued a $0.15 dividend. This is a positive change from TCF Financial’s previous quarterly dividend of $0.08. The ex-dividend date is Wednesday, February 14th. This represents a $0.60 annualized dividend and a yield of 2.77%. TCF Financial’s payout ratio is presently 26.55%.

In related news, Director Peter Bell sold 15,000 shares of the business’s stock in a transaction 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 document filed with the SEC, which is available at this hyperlink. 2.50% of the stock is owned by insiders.

Hedge funds have recently added to or reduced their stakes in the stock. Schwab Charles Investment Management Inc. acquired a new position in TCF Financial in the third quarter valued at $18,682,000. JPMorgan Chase & Co. raised its holdings in shares of TCF Financial by 12.1% during the third quarter. JPMorgan Chase & Co. now owns 6,274,734 shares of the bank’s stock valued at $106,545,000 after purchasing an additional 676,834 shares during the period. Prudential Financial Inc. raised its holdings in shares of TCF Financial by 110.0% during the third quarter. Prudential Financial Inc. now owns 1,287,685 shares of the bank’s stock valued at $21,942,000 after purchasing an additional 674,360 shares during the period. Carlson Capital Management acquired a new position in shares of TCF Financial during the fourth quarter valued at about $2,385,000. Finally, Disciplined Growth Investors Inc. MN acquired a new position in shares of TCF Financial during the third quarter valued at about $30,950,000. Institutional investors and hedge funds own 82.28% of the company’s stock.

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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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Earnings History and Estimates for TCF Financial (NYSE:TCF)

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