TCF Financial (NYSE:TCF) issued its quarterly earnings data on Monday. The bank reported $0.46 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.01, Bloomberg Earnings reports. The firm had revenue of $357.90 million for the quarter, compared to the consensus estimate of $365.57 million. TCF Financial had a net margin of 18.87% and a return on equity of 14.00%. TCF Financial’s quarterly revenue was up .7% compared to the same quarter last year. During the same period last year, the firm posted $0.39 EPS.
TCF traded down $0.32 during trading on Monday, hitting $21.93. The company’s stock had a trading volume of 18,388 shares, compared to its average volume of 1,367,627. TCF Financial has a twelve month low of $18.17 and a twelve month high of $27.34. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.99 and a current ratio of 0.99. The firm has a market cap of $3.56 billion, a PE ratio of 11.52, a price-to-earnings-growth ratio of 1.07 and a beta of 1.23.
Several analysts recently weighed in on TCF shares. Zacks Investment Research upgraded shares of TCF Financial from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a research report on Wednesday, April 3rd. Bank of America cut TCF Financial from a “buy” rating to a “neutral” rating in a research report on Thursday, January 10th. BMO Capital Markets upgraded TCF Financial from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $22.00 to $29.00 in a research report on Tuesday, January 29th. ValuEngine upgraded TCF Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Finally, Raymond James upgraded TCF Financial from an “outperform” rating to a “strong-buy” rating and set a $28.00 price target on the stock in a research report on Tuesday, January 29th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $26.38.
About TCF Financial
TCF Financial Corporation operates as the bank 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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