TCF Financial Co. (NYSE:TCF) declared a quarterly dividend on Wednesday, January 31st, Wall Street Journal reports. Stockholders of record on Thursday, February 15th will be given a dividend of 0.15 per share by the bank on Thursday, March 1st. This represents a $0.60 annualized dividend and a dividend yield of 2.81%. The ex-dividend date of this dividend is Wednesday, February 14th. This is a positive change from TCF Financial’s previous quarterly dividend of $0.08.
TCF Financial (TCF) opened at $21.34 on Tuesday. TCF Financial has a 1-year low of $14.58 and a 1-year high of $22.42. The stock has a market cap of $3,639.39, a P/E ratio of 17.67, a PEG ratio of 1.52 and a beta of 1.21. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.47.
In related news, Director Peter Bell sold 15,000 shares of the business’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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.50% of the stock is owned by insiders.
Several equities analysts have recently issued reports on the stock. ValuEngine upgraded shares of TCF Financial from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. JPMorgan Chase & Co. lowered shares of TCF Financial from a “neutral” rating to an “underweight” rating and set a $22.00 target price for the company. in a report on Wednesday, January 31st. Wells Fargo & Co lowered shares of TCF Financial from an “outperform” rating to a “market perform” rating in a report on Wednesday, January 31st. Royal Bank of Canada reiterated a “buy” rating and set a $25.00 target price on shares of TCF Financial in a report on Wednesday, January 31st. Finally, Barclays lowered shares of TCF Financial from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $23.00 to $22.00 in a report on Thursday, February 1st. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $21.58.
TRADEMARK VIOLATION NOTICE: This piece of content was published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this piece of content on another site, it was stolen and reposted in violation of U.S. & international trademark & copyright legislation. The legal version of this piece of content can be viewed at https://www.dispatchtribunal.com/2018/02/13/tcf-financial-co-tcf-to-go-ex-dividend-on-february-14th.html.
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.
Receive News & Ratings for TCF Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TCF Financial and related companies with MarketBeat.com's FREE daily email newsletter.