A number of other equities research analysts have also commented on TCF. BMO Capital Markets dropped their price target on TCF Financial from $28.00 to $26.00 and set a market perform rating on the stock in a research report on Tuesday, October 23rd. ValuEngine raised TCF Financial from a sell rating to a hold rating in a research report on Wednesday, January 2nd. Wells Fargo & Co set a $25.00 price target on TCF Financial and gave the stock a hold rating in a research report on Tuesday, October 2nd. Keefe, Bruyette & Woods raised TCF Financial from a market perform rating to an outperform rating and set a $26.00 price target on the stock in a research report on Thursday, November 8th. Finally, Zacks Investment Research lowered TCF Financial from a buy rating to a hold rating in a research report on Wednesday, October 24th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the company. The company presently has an average rating of Hold and a consensus target price of $24.99.
TCF opened at $20.75 on Thursday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.98 and a current ratio of 0.99. TCF Financial has a 52-week low of $18.17 and a 52-week high of $27.34. The company has a market cap of $3.47 billion, a PE ratio of 17.29, a PEG ratio of 0.93 and a beta of 1.15.
TCF Financial (NYSE:TCF) last issued its earnings results on Monday, October 22nd. The bank reported $0.51 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.03. TCF Financial had a return on equity of 12.89% and a net margin of 20.22%. The firm had revenue of $365.57 million for the quarter, compared to analysts’ expectations of $367.63 million. During the same quarter last year, the business earned $0.29 earnings per share. The company’s revenue was up 6.5% compared to the same quarter last year. Equities research analysts predict that TCF Financial will post 1.87 EPS for the current fiscal year.
A number of institutional investors have recently made changes to their positions in TCF. Millennium Management LLC raised its position in TCF Financial by 68.0% in the 2nd quarter. Millennium Management LLC now owns 4,831,359 shares of the bank’s stock valued at $118,948,000 after buying an additional 1,954,772 shares during the last quarter. Matarin Capital Management LLC acquired a new stake in TCF Financial in the 3rd quarter valued at approximately $11,852,000. MERIAN GLOBAL INVESTORS UK Ltd acquired a new stake in TCF Financial in the 3rd quarter valued at approximately $11,256,000. Martingale Asset Management L P raised its position in TCF Financial by 424.2% in the 3rd quarter. Martingale Asset Management L P now owns 444,650 shares of the bank’s stock valued at $10,588,000 after buying an additional 359,821 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in TCF Financial by 15.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,515,916 shares of the bank’s stock valued at $59,903,000 after buying an additional 343,622 shares during the last quarter. 79.05% of the stock is currently owned by institutional investors and hedge funds.
About TCF Financial
TCF Financial Corporation operates as the holding company for TCF National Bank that provides various financial products and services in the United States and Canada. It operates through Consumer Banking, Wholesale Banking, and Enterprise Services segments. The company offers checking, savings, and money market accounts; certificates of deposits; and individual retirement accounts.
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