About TCF Financial (NYSE:TCF)
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
Trailing P/E Ratio18.11
Forward P/E Ratio22.94
Sales & Book Value
Annual Sales$1.40 billion
Price / Sales2.54
Cash Flow$2.31 per share
Price / Cash8.95
Book Value$12.76 per share
Price / Book1.62
Net Income$212.12 million
Return on Equity9.63%
Return on Assets0.98%
TCF Financial (NYSE:TCF) Frequently Asked Questions
What is TCF Financial's stock symbol?
TCF Financial trades on the New York Stock Exchange (NYSE) under the ticker symbol "TCF."
How often does TCF Financial pay dividends? What is the dividend yield for TCF Financial?
TCF Financial declared a quarterly dividend on Thursday, October 19th. Shareholders of record on Wednesday, November 15th will be paid a dividend of $0.075 per share on Friday, December 1st. This represents a $0.30 annualized dividend and a yield of 1.45%. The ex-dividend date of this dividend is Tuesday, November 14th. View TCF Financial's Dividend History.
How were TCF Financial's earnings last quarter?
TCF Financial Co. (NYSE:TCF) issued its quarterly earnings data on Friday, October, 27th. The bank reported $0.29 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.31 by $0.02. The bank had revenue of $343.30 million for the quarter, compared to analysts' expectations of $340.45 million. TCF Financial had a return on equity of 9.63% and a net margin of 15.27%. The business's revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.31 EPS. View TCF Financial's Earnings History.
When will TCF Financial make its next earnings announcement?
Where is TCF Financial's stock going? Where will TCF Financial's stock price be in 2017?
14 Wall Street analysts have issued 1 year price targets for TCF Financial's shares. Their forecasts range from $14.00 to $23.00. On average, they expect TCF Financial's share price to reach $19.17 in the next twelve months. View Analyst Ratings for TCF Financial.
What are Wall Street analysts saying about TCF Financial stock?
Here are some recent quotes from research analysts about TCF Financial stock:
- 1. According to Zacks Investment Research, "Shares of TCF Financial have outperformed the industry over the past six months. Yet, the company’s earnings surprise history is not impressive. It missed the Zacks Consensus Estimate for earnings in three of the trailing four quarters. Third-quarter results were affected by higher expenses and provisions, partially offset by rise in loans and deposits. TCF Financial’s revenues continue to be hurt by the consistently declining banking fees over the last few years. Also, mounting costs due to increasing staff level is expected to impact bottom line. However, increasing loans, strong deposit mix and easing margin pressure will likely to aid profitability. The company has been also benefiting from improving credit quality in consumer real estate portfolio and has witnessed enhanced profitability ratios as well, which keeps us encouraged." (11/2/2017)
- 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 CIT Group (CIT), New York Community Bancorp (NYCB), PacWest Bancorp (PACW), Bank Of The Ozarks (OZRK), Cullen/Frost Bankers (CFR), Commerce Bancshares (CBSH), Synovus Financial (SNV), Webster Financial (WBS), City National (CYN), First Citizens BancShares (FCNCA), First Horizon National (FHN), Umpqua (UMPQ), Wintrust Financial (WTFC), BBVA Banco Frances (BFR), TFS Financial (TFSL), United Bankshares (UBSI), First Niagara Financial Group (FNFG) and Popular (BPOP).
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 (Age 62)
- Thomas F. Jasper, Vice Chairman of the Board, Chief Operating Officer, Director (Age 48)
- Brian W. Maass, Chief Financial Officer, Executive Vice President, Chief Investment Officer, Treasurer (Age 43)
- Thomas John Butterfield, Executive Vice President, Chief Information Officer (Age 52)
- Yvonne Franzese, Executive Vice President and Chief Human Capital Officer
- William S. Henak, Executive Vice President (Age 58)
- Michael S. Jones, Executive Vice President - Consumer Banking, Retail Lending, and Gateway One Lending & Finance (Age 48)
- Susan D. Bode, Senior Vice President, principal Accounting Officer (Age 54)
- Joseph T. Green, Senior Vice President, General Counsel, Secretary (Age 62)
- Tamara K. Schuette, Senior Vice President,Corporate Controller (Age 49)
Who owns TCF Financial stock?
TCF Financial's stock is owned by a number of of institutional and retail investors. Top institutional investors include Dimensional Fund Advisors LP (6.43%), JPMorgan Chase & Co. (3.65%), Wedge Capital Management L L P NC (0.00%), Citadel Advisors LLC (2.20%), Hotchkis & Wiley Capital Management LLC (1.96%) and Bank of New York Mellon Corp (1.67%). Company insiders that own TCF Financial stock include Barry N Winslow, Brian W Maass and Peter Bell. View Institutional Ownership Trends for TCF Financial.
Who sold TCF Financial stock? Who is selling TCF Financial stock?
TCF Financial's stock was sold by a variety of institutional investors in the last quarter, including Wells Fargo & Company MN, Citadel Advisors LLC, Cambiar Investors LLC, Wedge Capital Management L L P NC, BB&T Corp, Bank of New York Mellon Corp, Nationwide Fund Advisors and CNA Financial Corp. Company insiders that have sold TCF Financial company stock in the last year include Barry N Winslow and Peter Bell. View Insider Buying and Selling for TCF Financial.
Who bought TCF Financial stock? Who is buying TCF Financial stock?
TCF Financial's stock was purchased by a variety of institutional investors in the last quarter, including Dimensional Fund Advisors LP, Hotchkis & Wiley Capital Management LLC, Fuller & Thaler Asset Management Inc., Neuberger Berman Group LLC, Disciplined Growth Investors Inc. MN, Allianz Asset Management GmbH, Schwab Charles Investment Management Inc. and Jacobs Asset Management LLC. Company insiders that have bought TCF Financial stock in the last two years include Barry N Winslow and Brian W Maass. View Insider Buying and Selling for TCF Financial.
How do I buy TCF Financial stock?
Shares of TCF Financial can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is TCF Financial's stock price today?
One share of TCF Financial stock can currently be purchased for approximately $20.65.
How big of a company is TCF Financial?
TCF Financial has a market capitalization of $3.55 billion and generates $1.40 billion in revenue each year. The bank earns $212.12 million in net income (profit) each year or $1.13 on an earnings per share basis. TCF Financial employs 6,427 workers across the globe.
How can I contact TCF Financial?
TCF Financial's mailing address is 200 Lake St E, WAYZATA, MN 55391-1693, United States. The bank can be reached via phone at +1-952-7452760 or via email at [email protected]
MarketBeat Community Rating for TCF Financial (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.
TCF Financial (NYSE:TCF) Analysts' Consensus Rating (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks 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). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst 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.
|Today||30 Days Ago||90 Days Ago||180 Days Ago|
|Consensus Rating: ||Hold||Hold||Hold||Hold|
|Consensus Rating Score: ||2.33||2.21||2.14||2.21|
|Ratings Breakdown: ||1 Sell Rating(s)|
8 Hold Rating(s)
6 Buy Rating(s)
0 Strong Buy Rating(s)
|1 Sell Rating(s)|
9 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s)
|1 Sell Rating(s)|
10 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
11 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s)
|Consensus Price Target: ||$19.17||$17.88||$17.04||$17.21|
|Price Target Upside: ||6.32% downside||0.25% upside||13.01% upside||0.52% upside|
TCF Financial (NYSE:TCF) Consensus Price Target History
TCF Financial (NYSE:TCF) Analyst Ratings History
(Data available from 12/17/2015 forward)
TCF Financial (NYSE:TCF) Earnings History and Estimates Chart
TCF Financial (NYSE TCF) Earnings History by Quarter
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|1/26/2018|| || || || || || || || |
|10/27/2017||Q3 2017||$0.31||$0.29||$340.45 million||$343.30 million||View||N/A|
|7/24/2017||Q2 2017||$0.30||$0.33||$336.12 million||$341.80 million||View||N/A|
|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|
TCF Financial (NYSE:TCF) Earnings Estimates
2017 EPS Consensus Estimate: $0.44
2018 EPS Consensus Estimate: $1.43
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
TCF Financial (NYSE:TCF) Dividend Information
|Most Recent Dividend:||12/1/2017|
|Dividend Growth:||0.00% (3 Year Average)|
|Payout Ratio:||26.55% (Trailing 12 Months of Earnings) |
33.33% (Based on This Year's Estimates)
20.83% (Based on Next Year's Estimates)
TCF Financial (NYSE:TCF) Dividend History by Quarter
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
TCF Financial (NYSE TCF) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 2.50%
Institutional Ownership Percentage: 82.34%
TCF Financial (NYSE TCF) Insider Trades by Quarter
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|12/13/2017||Peter Bell||Director||Sell||15,000||$20.53||$307,950.00|| |
|9/14/2017||Barry N Winslow||Director||Buy||12,000||$25.00||$300,000.00|| |
|6/8/2017||Barry N Winslow||Director||Buy||476||$25.74||$12,252.24|| |
|6/8/2017||Brian W Maass||CFO||Buy||3,225||$15.50||$49,987.50|| |
|6/6/2017||Barry N Winslow||Director||Buy||500||$25.55||$12,775.00|| |
|6/1/2017||Barry N Winslow||Director||Sell||10,274||$25.19||$258,802.06|| |
|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|| |
TCF Financial (NYSE TCF) News Headlines
TCF Financial (NYSE:TCF) SEC Filings
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TCF Financial (NYSE:TCF) Income Statement, Balance Sheet and Cash Flow Statement
TCF Financial (NYSE TCF) Stock Chart for Sunday, December, 17, 2017