Jefferies Financial Group Research Analysts Reduce Earnings Estimates for TCF Financial Co. (TCF)

TCF Financial Co. (NYSE:TCF) – Investment analysts at Jefferies Financial Group lowered their Q1 2019 earnings per share (EPS) estimates for shares of TCF Financial in a research report issued on Tuesday, January 8th. Jefferies Financial Group analyst C. Haire now anticipates that the bank will earn $0.41 per share for the quarter, down from their previous forecast 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.

TCF Financial (NYSE:TCF) last released its quarterly earnings results on Monday, October 22nd. The bank reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.03. The business had revenue of $365.57 million for the quarter, compared to the consensus estimate 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 quarter last year, the firm earned $0.29 EPS.

Other research analysts also recently issued research reports about the stock. Zacks Investment Research upgraded shares of TCF Financial from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a report on Monday, December 31st. Wells Fargo & Co set a $25.00 price target on shares of TCF Financial and gave the stock a “hold” rating in a research note on Tuesday, October 2nd. ValuEngine raised shares of TCF Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. BMO Capital Markets dropped their price target 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. Finally, Bank of America downgraded shares of TCF Financial from a “buy” rating to a “neutral” rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $24.99.

Shares of TCF opened at $20.60 on Thursday. The firm has a market capitalization of $3.42 billion, a P/E ratio of 17.17, a PEG ratio of 0.91 and a beta of 1.15. TCF Financial has a one year low of $18.17 and a one year high of $27.34. The company has a current ratio of 0.99, a quick ratio of 0.98 and a debt-to-equity ratio of 0.50.

A number of large investors have recently modified their holdings of TCF. Qube Research & Technologies Ltd bought a new stake in TCF Financial in the second quarter valued at approximately $119,000. Cerebellum GP LLC increased its stake in TCF Financial by 79.7% in the fourth quarter. Cerebellum GP LLC now owns 13,314 shares of the bank’s stock valued at $259,000 after purchasing an additional 5,907 shares in the last quarter. Commonwealth Bank of Australia bought a new stake in TCF Financial in the third quarter valued at approximately $264,000. Paloma Partners Management Co bought a new stake in TCF Financial in the second quarter valued at approximately $268,000. Finally, Verition Fund Management LLC acquired a new position in shares of TCF Financial in the second quarter valued at approximately $296,000. 79.05% of the stock is owned by hedge funds and other institutional investors.

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

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