TCF Financial Corporation (NYSE:TCF) Announces Quarterly Earnings Results

TCF Financial Corporation (NYSE:TCF) announced its earnings results on Monday, July 24th. The company reported $0.33 EPS for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.03, reports. The firm had revenue of $341.80 million during the quarter, compared to analysts’ expectations of $336.12 million. TCF Financial Corporation had a return on equity of 9.59% and a net margin of 15.13%. The company’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.31 EPS.

Shares of TCF Financial Corporation (NYSE TCF) opened at 14.93 on Friday. The company has a market capitalization of $2.52 billion, a price-to-earnings ratio of 12.94 and a beta of 1.26. TCF Financial Corporation has a 52 week low of $13.73 and a 52 week high of $20.03. The company’s 50 day moving average price is $15.73 and its 200-day moving average price is $16.34.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Tuesday, August 15th will be paid a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date is Friday, August 11th. TCF Financial Corporation’s dividend payout ratio is currently 25.86%.

TCF has been the subject of a number of recent research reports. Wedbush initiated coverage on TCF Financial Corporation in a report on Wednesday, June 28th. They issued an “underperform” rating and a $14.00 target price for the company. Morgan Stanley reissued an “equal weight” rating and set a $17.00 price target (up from $16.50) on shares of TCF Financial Corporation in a research note on Friday, July 7th. Zacks Investment Research raised TCF Financial Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, July 1st. Finally, Deutsche Bank AG reissued a “hold” rating and set a $17.00 price target (down from $18.00) on shares of TCF Financial Corporation in a research note on Tuesday, July 25th.

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In other news, CFO Brian W. Maass bought 3,225 shares of the firm’s stock in a transaction on Thursday, June 8th. The stock was purchased at an average price of $15.50 per share, for a total transaction of $49,987.50. Following the transaction, the chief financial officer now owns 60,027 shares in the company, valued at $930,418.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Barry N. Winslow sold 10,274 shares of the company’s stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $25.19, for a total transaction of $258,802.06. Following the completion of the transaction, the director now owns 2,365 shares of the company’s stock, valued at approximately $59,574.35. The disclosure for this sale can be found here. In the last quarter, insiders have purchased 4,201 shares of company stock worth $75,015. 2.50% of the stock is owned by company insiders.

TCF Financial Corporation 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.

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