TCF Financial Corp. (NYSE:TCB) announced a quarterly dividend on Wednesday, October 19th. Stockholders of record on Tuesday, November 15th will be paid a dividend of 0.075 per share on Thursday, December 1st. This represents a $0.30 annualized dividend and a dividend yield of 2.05%.
Shares of TCF Financial Corp. (NYSE:TCB) traded up 1.32% during mid-day trading on Wednesday, hitting $14.62. 620,739 shares of the stock traded hands. The stock has a 50-day moving average of $14.49 and a 200 day moving average of $13.63. The stock has a market cap of $2.45 billion, a PE ratio of 12.82 and a beta of 1.12. TCF Financial Corp. has a one year low of $10.37 and a one year high of $15.94.
TCF Financial Corp. (NYSE:TCB) last posted its quarterly earnings results on Friday, July 22nd. The company reported $0.31 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.02. TCF Financial Corp. had a net margin of 15.34% and a return on equity of 10.14%. The firm had revenue of $330.90 million for the quarter, compared to analyst estimates of $214.32 million. During the same quarter last year, the firm posted $0.29 earnings per share. TCF Financial Corp.’s revenue for the quarter was up 3.6% compared to the same quarter last year. Equities analysts predict that TCF Financial Corp. will post $1.18 EPS for the current fiscal year.
Several research firms 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 report on Thursday, October 13th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating on shares of TCF Financial Corp. in a research report on Wednesday, October 12th. Barclays PLC increased their price objective on shares of TCF Financial Corp. from $15.00 to $16.00 and gave the company an “overweight” rating in a research report on Tuesday, October 11th. Deutsche Bank AG increased their price objective on shares of TCF Financial Corp. from $15.00 to $17.00 and gave the company a “buy” rating in a research report on Tuesday, October 11th. Finally, Piper Jaffray Cos. reaffirmed a “neutral” rating and issued a $15.00 price objective on shares of TCF Financial Corp. in a research report on Saturday, October 8th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $14.79.
Institutional investors have recently added to or reduced their stakes in the company. Rhumbline Advisers increased its position in TCF Financial Corp. by 0.9% in the second quarter. Rhumbline Advisers now owns 279,763 shares of the company’s stock worth $3,539,000 after buying an additional 2,470 shares in the last quarter. Pacad Investment Ltd. acquired a new position in TCF Financial Corp. during the second quarter worth approximately $120,000. Cipher Capital LP increased its position in TCF Financial Corp. by 56.1% in the second quarter. Cipher Capital LP now owns 247,847 shares of the company’s stock worth $3,135,000 after buying an additional 89,115 shares in the last quarter. Sei Investments Co. increased its position in TCF Financial Corp. by 24.2% in the second quarter. Sei Investments Co. now owns 27,309 shares of the company’s stock worth $345,000 after buying an additional 5,319 shares in the last quarter. Finally, Comerica Bank increased its position in TCF Financial Corp. by 14.3% in the second quarter. Comerica Bank now owns 273,445 shares of the company’s stock worth $3,872,000 after buying an additional 34,309 shares in the last quarter. 78.17% of the stock is owned by hedge funds and other institutional investors.
TCF Financial Corp. 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: Lending, Funding and Support Services. Its Lending segment includes consumer real estate, commercial real estate and business lending, leasing and equipment finance, inventory finance and auto finance.
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