Shares of TCF Financial Corp. (NYSE:TCB) have received a consensus rating of “Hold” from the fourteen analysts that are covering the company. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $15.11.
Several brokerages have recently commented on TCB. Zacks Investment Research upgraded shares of TCF Financial Corp. from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a research note on Thursday, October 13th. FBR & Co set a $15.00 price target on shares of TCF Financial Corp. and gave the stock a “hold” rating in a research note on Sunday, October 23rd. Piper Jaffray Cos. restated a “neutral” rating and set a $15.00 price target on shares of TCF Financial Corp. in a research note on Saturday, October 8th. Barclays PLC increased their price target on shares of TCF Financial Corp. from $15.00 to $16.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 11th. Finally, Stephens lowered shares of TCF Financial Corp. from an “overweight” rating to an “equal weight” rating in a research note on Thursday, November 17th.
TCF Financial Corp. (NYSE:TCB) traded up 0.12% during midday trading on Friday, hitting $17.29. 410,580 shares of the stock traded hands. TCF Financial Corp. has a 1-year low of $10.37 and a 1-year high of $17.42. The stock has a market cap of $2.89 billion, a PE ratio of 14.79 and a beta of 1.02. The company has a 50-day moving average of $14.97 and a 200-day moving average of $14.04.
TCF Financial Corp. (NYSE:TCB) last announced its quarterly earnings results on Friday, October 21st. The company reported $0.31 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.01. TCF Financial Corp. had a net margin of 15.43% and a return on equity of 10.10%. The company had revenue of $331.70 million for the quarter, compared to analyst estimates of $215.20 million. During the same quarter in the prior year, the business posted $0.29 EPS. TCF Financial Corp.’s quarterly revenue was up 4.5% on a year-over-year basis. On average, equities analysts expect that TCF Financial Corp. will post $1.19 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Tuesday, November 15th will be issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date is Thursday, November 10th. TCF Financial Corp.’s dividend payout ratio (DPR) is presently 25.64%.
A number of hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP increased its position in TCF Financial Corp. by 15.3% in the second quarter. Dimensional Fund Advisors LP now owns 7,923,481 shares of the company’s stock worth $100,230,000 after buying an additional 1,050,082 shares during the last quarter. Citadel Advisors LLC increased its position in TCF Financial Corp. by 4,570.8% in the second quarter. Citadel Advisors LLC now owns 1,072,280 shares of the company’s stock worth $13,565,000 after buying an additional 1,049,323 shares during the last quarter. The Manufacturers Life Insurance Company acquired a new position in TCF Financial Corp. during the third quarter worth approximately $12,743,000. Principal Financial Group Inc. increased its position in TCF Financial Corp. by 130.4% in the third quarter. Principal Financial Group Inc. now owns 1,484,344 shares of the company’s stock worth $21,538,000 after buying an additional 840,175 shares during the last quarter. Finally, Highbridge Capital Management LLC acquired a new position in TCF Financial Corp. during the second quarter worth approximately $8,598,000. 78.70% of the stock is owned by hedge funds and other institutional investors.