Published On: Fri, Sep 23rd, 2016

Credit Agricole SA Increases TCF Financial Corp. (TCB) Price Target to $15.00

TCF Financial Corp. (NYSE:TCB) had its price target increased by stock analysts at Credit Agricole SA from $14.00 to $15.00 in a research note issued to investors on Friday. The brokerage currently has an “underperform” rating on the stock. Credit Agricole SA’s price target points to a potential upside of 3.31% from the stock’s current price.
A number of other brokerages also recently commented on TCB. FBR & Co downgraded TCF Financial Corp. from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $16.00 to $14.00 in a report on Monday, July 25th. Keefe, Bruyette & Woods upped their target price on TCF Financial Corp. from $15.00 to $15.50 and gave the company a “market perform” rating in a report on Monday, July 25th. Zacks Investment Research upgraded TCF Financial Corp. from a “sell” rating to a “hold” rating in a report on Monday, July 25th. Barclays PLC increased their price objective on TCF Financial Corp. from $14.00 to $15.00 and gave the stock an “overweight” rating in a report on Monday, July 25th. Finally, JPMorgan Chase & Co. reiterated a “hold” rating on shares of TCF Financial Corp. in a report on Saturday, July 9th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company’s stock. TCF Financial Corp. has an average rating of “Hold” and an average price target of $14.59.
TCF Financial Corp. (NYSE:TCB) traded up 0.21% during midday trading on Friday, hitting $14.55. The stock had a trading volume of 131,515 shares. The firm has a 50 day moving average of $14.32 and a 200 day moving average of $13.35. The firm has a market cap of $2.43 billion, a price-to-earnings ratio of 12.76 and a beta of 1.17. TCF Financial Corp. has a 52 week low of $10.37 and a 52 week high of $15.94.

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TCF Financial Corp. (NYSE:TCB) last announced its earnings results on Friday, July 22nd. The company reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.02. The company earned $330.90 million during the quarter, compared to the consensus estimate of $214.32 million. TCF Financial Corp. had a return on equity of 10.14% and a net margin of 15.34%. The firm’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.29 earnings per share. Equities research analysts predict that TCF Financial Corp. will post $1.18 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 1st. Investors of record on Monday, August 15th were given a dividend of $0.075 per share. The ex-dividend date of this dividend was Thursday, August 11th. This represents a $0.30 annualized dividend and a dividend yield of 2.07%. TCF Financial Corp.’s dividend payout ratio (DPR) is presently 26.09%.
Large investors have recently added to or reduced their stakes in the stock. Northwestern Mutual Investment Management Company LLC boosted its stake in TCF Financial Corp. by 0.3% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 29,530 shares of the company’s stock valued at $374,000 after buying an additional 94 shares during the period. Mason Street Advisors LLC acquired a new stake in TCF Financial Corp. during the second quarter valued at approximately $987,000. Sterling Capital Management LLC acquired a new stake in TCF Financial Corp. during the second quarter valued at approximately $507,000. Schwab Charles Investment Management Inc. boosted its stake in TCF Financial Corp. by 31.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 1,322,933 shares of the company’s stock valued at $16,736,000 after buying an additional 314,056 shares during the period. Finally, Amalgamated Bank boosted its stake in TCF Financial Corp. by 5.4% in the second quarter. Amalgamated Bank now owns 21,535 shares of the company’s stock valued at $298,000 after buying an additional 1,108 shares during the period. 78.20% of the stock is currently owned by institutional investors.
TCF Financial Corp. 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: Lending, Funding and Support Services. Its Lending segment includes consumer real estate, commercial real estate and business lending, leasing and equipment finance, inventory finance and auto finance.

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