TCF Financial Co. (NYSE:TCF) – Stock analysts at Jefferies Financial Group reduced their Q1 2019 EPS estimates for shares of TCF Financial in a research report issued on Tuesday, January 8th. Jefferies Financial Group analyst C. Haire now expects that the bank will post earnings per share of $0.41 for the quarter, down from their previous estimate of $0.42. Jefferies Financial Group also issued estimates for TCF Financial’s Q3 2019 earnings at $0.49 EPS, Q4 2019 earnings at $0.45 EPS, FY2019 earnings at $1.85 EPS and FY2020 earnings at $1.93 EPS.
A number of other analysts have also recently commented on TCF. Wells Fargo & Co set a $25.00 target price on shares of TCF Financial and gave the stock a “hold” rating in a research note on Tuesday, October 2nd. Zacks Investment Research upgraded shares of TCF Financial from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research note on Wednesday, October 10th. Raymond James lowered their target price on shares of TCF Financial from $28.00 to $24.00 and set an “outperform” rating for the company in a research note on Tuesday, October 23rd. Royal Bank of Canada reiterated an “outperform” rating and issued a $25.00 target price on shares of TCF Financial in a research note on Tuesday, October 23rd. Finally, BMO Capital Markets decreased their price objective on shares of TCF Financial from $28.00 to $26.00 and set a “market perform” rating for the company in a research note on Tuesday, October 23rd. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $24.99.
TCF Financial (NYSE:TCF) last released its earnings results on Monday, October 22nd. The bank reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.03. The company had revenue of $365.57 million during the quarter, compared to analysts’ expectations of $367.63 million. TCF Financial had a net margin of 20.22% and a return on equity of 12.89%. TCF Financial’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same period last year, the business earned $0.29 EPS.
A number of hedge funds and other institutional investors have recently made changes to their positions in TCF. Qube Research & Technologies Ltd purchased a new position in shares of TCF Financial during the 2nd quarter valued at approximately $119,000. Paloma Partners Management Co purchased a new position in shares of TCF Financial during the 2nd quarter valued at approximately $268,000. Commonwealth Bank of Australia purchased a new position in shares of TCF Financial during the 3rd quarter valued at approximately $264,000. Verition Fund Management LLC purchased a new position in shares of TCF Financial during the 2nd quarter valued at approximately $296,000. Finally, Zeke Capital Advisors LLC purchased a new position in shares of TCF Financial during the 3rd quarter valued at approximately $313,000. Institutional investors and hedge funds own 79.05% of the company’s stock.
TCF Financial Company Profile
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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