FY2018 Earnings Forecast for TCF Financial Co. Issued By Wedbush (TCF)

TCF Financial Co. (NYSE:TCF) – Equities researchers at Wedbush raised their FY2018 earnings estimates for TCF Financial in a report released on Thursday. Wedbush analyst D. Chiaverini now expects that the bank will post earnings per share of $1.57 for the year, up from their previous forecast of $1.38. Wedbush also issued estimates for TCF Financial’s FY2019 earnings at $1.61 EPS.

A number of other research analysts have also issued reports on TCF. Zacks Investment Research lowered shares of TCF Financial from a “hold” rating to a “sell” rating in a research note on Monday, September 25th. Piper Jaffray Companies set a $17.00 price target on shares of TCF Financial and gave the company a “hold” rating in a research note on Friday, October 6th. Royal Bank of Canada restated a “buy” rating and set a $20.00 price target on shares of TCF Financial in a research note on Friday, October 27th. Keefe, Bruyette & Woods restated a “hold” rating and set a $18.00 price target on shares of TCF Financial in a research note on Sunday, October 29th. Finally, JPMorgan Chase & Co. upped their price target on shares of TCF Financial from $18.00 to $19.00 and gave the company a “neutral” rating in a research note on Monday, October 30th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $19.69.

TCF Financial (NYSE TCF) opened at $21.01 on Friday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.03 and a current ratio of 1.04. TCF Financial has a 52 week low of $14.58 and a 52 week high of $21.29. The stock has a market cap of $3,610.00, a P/E ratio of 18.59, a price-to-earnings-growth ratio of 1.71 and a beta of 1.29.

TCF Financial (NYSE:TCF) last issued its quarterly earnings results on Friday, October 27th. The bank reported $0.29 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.02). TCF Financial had a net margin of 15.27% and a return on equity of 9.63%. The company had revenue of $343.30 million for the quarter, compared to analyst estimates of $340.45 million. During the same quarter in the previous year, the company posted $0.31 EPS. The company’s revenue for the quarter was up .4% compared to the same quarter last year.

In other news, Director Peter Bell sold 15,000 shares of the stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $20.53, for a total value of $307,950.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.50% of the stock is owned by corporate insiders.

Several large investors have recently added to or reduced their stakes in TCF. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of TCF Financial by 9.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,487 shares of the bank’s stock worth $103,000 after acquiring an additional 580 shares during the period. Zions Bancorporation acquired a new stake in shares of TCF Financial in the third quarter worth $116,000. Evercore Wealth Management LLC acquired a new stake in shares of TCF Financial in the third quarter worth $128,000. Tower Research Capital LLC TRC increased its stake in shares of TCF Financial by 540.0% in the second quarter. Tower Research Capital LLC TRC now owns 8,282 shares of the bank’s stock worth $132,000 after acquiring an additional 6,988 shares during the period. Finally, Ladenburg Thalmann Financial Services Inc. acquired a new stake in TCF Financial during the third quarter valued at $140,000. Hedge funds and other institutional investors own 82.25% of the company’s stock.

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TCF Financial 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: Consumer Banking, Wholesale Banking and Enterprise Services. Consumer Banking comprises all of the Company’s consumer-facing businesses.

Earnings History and Estimates for TCF Financial (NYSE:TCF)

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