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. The Consumer Banking segment includes retail banking, consumer real estate and auto finance. Wholesale Banking comprises commercial real estate and business lending, leasing and equipment finance and inventory finance. TCF's consumer banking strategy is primarily to generate deposits to use for funding high credit quality secured loans and leases. Enterprise Services comprises corporate treasury, corporate functions and the Holding Company. As of December 31, 2016, the Company's total securities available for sale were $1.4 billion. As of December 31, 2016, the Company's total loans were $17.8 billion. As of December 31, 2016, the Company's total deposits were $17.2 billion.
Industry, Sector and Symbol:
- Sector: Financials
- Industry: Banks
- Sub-Industry: Regional Banks
- Symbol: AMEX:TCF
- CUSIP: 87227510
- Web: www.tcfbank.com/
- 50 Day Moving Avg: $15.46
- 200 Day Moving Avg: $16.02
- 52 Week Range: $13.73 - $20.03
Sales & Book Value:
- Trailing P/E Ratio: 14.27
- Foreward P/E Ratio: 12.12
- P/E Growth: 1.81
- Annual Revenue: $1.26 billion
- Price / Sales: N/A
- Book Value: $13.43 per share
- Price / Book: 1.23
- Annual Dividend: $0.30
- Dividend Yield: 1.8%
- Net Margins: 18.58%
- Return on Equity: 9.99%
- Return on Assets: 1.16%
- Debt-to-Equity Ratio: 0.49%
- Current Ratio: 1.04%
- Quick Ratio: 1.02%
- Average Volume: 1.55 million shs.
- Beta: 1.14
- Short Ratio: 3.01
Frequently Asked Questions for TCF Financial (AMEX:TCF)
What is TCF Financial's stock symbol?
TCF Financial trades on the AMEX under the ticker symbol "TCF."
How often does TCF Financial pay dividends? What is the dividend yield for TCF Financial?
TCF Financial announced a quarterly dividend on Thursday, April 20th. Shareholders of record on Monday, May 15th will be paid a dividend of $0.075 per share on Thursday, June 1st. This represents a $0.30 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date is Thursday, May 11th. View TCF Financial's Dividend History.
How were TCF Financial's earnings last quarter?
TCF Financial Co. (AMEX:TCF) posted its quarterly earnings data on Friday, July, 22nd. The company reported $0.31 EPS for the quarter, beating the Zacks' consensus estimate of $0.29 by $0.02. The firm had revenue of $330.90 million for the quarter, compared to analyst estimates of $214.32 million. TCF Financial had a return on equity of 9.99% and a net margin of 18.58%. The firm's revenue for the quarter was up 3.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.29 earnings per share. View TCF Financial's Earnings History.
Where is TCF Financial's stock going? Where will TCF Financial's stock price be in 2017?
10 equities research analysts have issued 1 year target prices for TCF Financial's stock. Their forecasts range from $15.00 to $21.00. On average, they expect TCF Financial's stock price to reach $18.88 in the next year. View Analyst Ratings for TCF Financial.
What are analysts saying about TCF Financial stock?
Here are some recent quotes from research analysts about TCF Financial stock:
- 1. According to Zacks Investment Research, "TCF Financial's shares underperformed the Zacks categorized Midwest Banks industry over the past six months. The company’s expenses have been increasing over the last few years. Further, stringent regulatory landscape remains near-term headwind. However, the company has been benefiting from improving credit quality in consumer real estate portfolio and has witnessed enhanced profitability ratios as well. Also, the pressure on the margins is expected to ease as the company raised its prime lending rate to 4.00% in Mar 2017, following the Fed interest rate hike. Further, increasing loans and strong deposit mix keeps us encouraged about its organic growth prospects." (4/6/2017)
- 2. FBR & Co analysts commented, "We reiterate our Market Perform rating on TCF Financial (TCB) and trim our price target to $19 (from $21), equal to 14.6x our 2018 EPS estimate and 1.7x TBV following 4Q16 results. This was a tough quarter for TCB, as soft net interest income and disappointing auto loan sales weighed on revenues, which more than offset lower expenses. Continued market volatility and negative sentiment around auto weighed on sales profitability, and the outlook remains murky. The backup in rates has helped stop the bleeding on NIM, but it will take more increases to drive expansion. TCB trades at a discount to peers, but we expect EPS to fall in 2017, and the current CFPB lawsuit on overdraft fees and concerns surrounding auto are additional overhangs." (2/1/2017)
Who are some of TCF Financial's key competitors?
Some companies that are related to TCF Financial include Synovus Financial Corp. (SNV), City National Corp (CYN), Webster Financial Corporation (WBS), TFS Financial Corporation (TFSL), First Citizens BancShares (FCNCA), First Horizon National Corporation (FHN), Umpqua Holdings Corporation (UMPQ), Wintrust Financial Corporation (WTFC), Popular (BPOP), United Bankshares (UBSI), BBVA Banco Frances S.A. (BFR), Ita? CorpBanca (ITCB), Valley National Bancorp (VLY), Washington Federal (WAFD), BancorpSouth (BXS), Glacier Bancorp (GBCI), Community Bank System (CBU) and Metro Bank PLC (MTRO).
Who are TCF Financial's key executives?
TCF Financial's management team includes the folowing people:
- Craig R. Dahl, Chairman of the Board, President, Chief Executive Officer
- Thomas F. Jasper, Vice Chairman of the Board, Chief Operating Officer, Director
- Brian W. Maass, Chief Financial Officer, Executive Vice President, Chief Investment Officer, Treasurer
- Thomas John Butterfield, Executive Vice President, Chief Information Officer
- Yvonne Franzese, Executive Vice President and Chief Human Capital Officer
- William S. Henak, Executive Vice President
- Michael S. Jones, Executive Vice President - Consumer Banking, Retail Lending, and Gateway One Lending & Finance
- Susan D. Bode, Senior Vice President, principal Accounting Officer
- Joseph T. Green, Senior Vice President, General Counsel, Secretary
- Tamara K. Schuette, Senior Vice President,Corporate Controller
How do I buy TCF Financial stock?
Shares of TCF Financial can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is TCF Financial's stock price today?
MarketBeat Community Rating for TCF Financial (AMEX TCF)MarketBeat's community ratings are surveys of what our community members think about TCF Financial and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of TCF Financial stock can currently be purchased for approximately $16.48.
Consensus Ratings for TCF Financial (AMEX:TCF) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||7 Hold Ratings, 3 Buy Ratings|
|Consensus Rating:||Hold (Score: 2.30)|
|Consensus Price Target: ||$18.88|
Analysts' Ratings History for TCF Financial (AMEX:TCF)
(Data available from 9/26/2015 forward)
|8/31/2017||JMP Securities||Initiated Coverage||Mkt Perform|
|4/24/2017||BMO Capital Markets||Reiterated Rating||Hold||$18.00|
|4/3/2017||Keefe, Bruyette & Woods||Reiterated Rating||Hold||$18.00|
|2/1/2017||FBR & Co||Reiterated Rating||Hold|
|1/30/2017||Barclays PLC||Lower Price Target||$20.00|
|1/30/2017||Royal Bank Of Canada||Lower Price Target||Outperform||$22.00 -> $20.00|
|1/20/2017||Deutsche Bank AG||Downgrade||Buy -> Hold||$22.00 -> $20.00|
|1/9/2017||Wells Fargo & Company||Upgrade||Market Perform -> Outperform|
|12/13/2016||DA Davidson||Reiterated Rating||Neutral||$21.00|
|11/17/2016||Stephens||Downgrade||Overweight -> Equal Weight|
|10/8/2016||Piper Jaffray Companies||Reiterated Rating||Neutral||$15.00|
|7/9/2016||J P Morgan Chase & Co||Reiterated Rating||Hold|
|7/7/2016||Jefferies Group LLC||Reiterated Rating||Hold||$13.50|
|2/9/2016||Compass Point||Upgrade||Sell -> Neutral||$13.00 -> $12.50|
Earnings History for TCF Financial (AMEX:TCF)Earnings History by Quarter for TCF Financial (AMEX TCF)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|4/24/2017||Q1 2017||$0.26||$0.25||$326.93 million||$325.60 million||View||N/A|
|1/27/2017||Q416||$0.31||$0.27||$332.03 million||$327.11 million||View||N/A|
|10/21/2016||Q316||$0.30||$0.31||$215.20 million||$331.70 million||View||Listen|
|7/22/2016||Q216||$0.29||$0.31||$214.32 million||$330.90 million||View||Listen|
|4/21/2016||Q116||$0.25||$0.26||$209.80 million||$324.30 million||View||Listen|
|1/28/2016||Q415||$0.29||$0.29||$208.98 million||$321.30 million||View||Listen|
|10/22/2015||Q315||$0.29||$0.29||$208.51 million||$317.50 million||View||Listen|
|7/23/2015||Q215||$0.29||$0.29||$217.95 million||$319.50 million||View||Listen|
|4/21/2015||Q115||$0.26||$0.21||$204.94 million||$304.10 million||View||N/A|
|1/29/2015||Q414||$0.29||$0.12||$206.80 million||$313.80 million||View||N/A|
|10/24/2014||Q314||$0.29||$0.29||$207.80 million||$320.30 million||View||Listen|
|7/25/2014||Q214||$0.27||$0.29||$213.51 million||$309.40 million||View||Listen|
|4/22/2014||Q114||$0.23||$0.24||$200.44 million||$304.70 million||View||Listen|
|1/29/2014||Q413||$0.23||$0.22||$201.25 million||$306.20 million||View||Listen|
|7/23/2013||Q2 2013||$0.21||$0.21||$311.11 million||$301.83 million||View||Listen|
|4/19/2013||Q1 2013||$0.19||$0.16||$200.64 million||View||Listen|
|1/30/2013||Q4 2012||$0.18||$0.15||$200.85 million||View||Listen|
Earnings Estimates for TCF Financial (AMEX:TCF)
Current Year EPS Consensus Estimate: $1.20 EPS
Next Year EPS Consensus Estimate: $1.36 EPS
Current Dividend Information for TCF Financial (AMEX:TCF)
|Most Recent Dividend:||6/1/2017|
|Payout Ratio:||26.09% (Trailing 12 Months of Earnings) |
25.00% (Based on This Year's Estimates)
22.06% (Based on Next Year's Estimates)
Dividend History by Quarter for TCF Financial (AMEX TCF)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for TCF Financial (AMEX:TCF)
Insider Ownership Percentage: 4.40%Insider Trades by Quarter for TCF Financial (AMEX:TCF)
Institutional Ownership Percentage: 79.17%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|3/16/2017||Barry N Winslow||Director||Sell||6,000||$17.55||$105,300.00|| |
|2/14/2017||Barry N. Winslow||Director||Sell||75,000||$17.51||$1,313,250.00|| |
|11/30/2015||William Allen Cooper||CEO||Sell||84,066||$15.50||$1,303,023.00|| |
|11/25/2015||William Allen Cooper||CEO||Sell||17,427||$15.50||$270,118.50|| |
|11/23/2015||William Allen Cooper||CEO||Sell||16,427||$15.50||$254,618.50|| |
|11/10/2015||William F Bieber||Director||Sell||6,920||$15.43||$106,775.60|| |
|10/26/2015||Thomas A Cusick||Director||Buy||2,500||$26.92||$67,300.00|| |
|10/23/2015||William Allen Cooper||CEO||Sell||100,000||$15.48||$1,548,000.00|| |
|9/15/2015||William Allen Cooper||CEO||Sell||100,000||$15.60||$1,560,000.00|| |
|8/18/2015||Barbara E Shaw||SVP||Sell||35,000||$16.50||$577,500.00|| |
|6/15/2015||Barry N Winslow||Director||Sell||66,098||$16.94||$1,119,700.12|| |
|6/11/2015||Peter Bell||Director||Sell||6,000||$16.93||$101,580.00|| |
|5/8/2015||William Allen Cooper||CEO||Buy||10,940||$27.52||$301,068.80|| |
|5/1/2015||William Allen Cooper||CEO||Buy||11,423||$25.50||$291,286.50|| |
|3/17/2015||Barry N Winslow||Director||Sell||175,000||$15.96||$2,793,000.00|| |
|2/3/2015||Thomas A Cusick||Director||Buy||5,770||$26.99||$155,732.30|| |
|8/4/2014||Theodore Bigos||Director||Buy||8,000||$15.29||$122,320.00|| |
|5/21/2014||Theodore Bigos||Director||Buy||4,000||$26.23||$104,920.00|| |
|7/26/2013||George G Johnson||Director||Sell||16,166||$16.09||$260,110.94|| |
|7/25/2013||Barry N Winslow||Chairman||Sell||100,000||$16.50||$1,650,000.00|| |
|7/24/2013||Joseph T Green||SVP||Sell||21,428||$16.16||$346,276.48|| |
|5/8/2013||William Allen Cooper||CEO||Sell||500,000||$15.00||$7,500,000.00|| |
|5/7/2013||Thomas F Jasper||EVP||Sell||17,500||$15.00||$262,500.00|| |
Headline Trends for TCF Financial (AMEX:TCF)
Latest Headlines for TCF Financial (AMEX:TCF)