TCF Financial Corporation (TCF) Receiving Somewhat Positive Media Coverage, Report Finds
Media headlines about TCF Financial Corporation (NYSE:TCF) have trended somewhat positive recently, Accern Sentiment reports. The research firm identifies negative and positive press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. TCF Financial Corporation earned a daily sentiment score of 0.11 on Accern’s scale. Accern also gave media coverage about the company an impact score of 44.8503004676441 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the news headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Jefferies Group Comments on TCF Financial Corporation’s FY2017 Earnings (TCF) (americanbankingnews.com)
- Jefferies Group Comments on TCF Financial Corporation’s Q3 2017 Earnings (TCF) (americanbankingnews.com)
- TCF Financial Corporation (TCF) Lifted to Hold at Zacks Investment Research (americanbankingnews.com)
- TCF Financial Corporation Forecasted to Post FY2019 Earnings of $1.41 Per Share (TCF) (americanbankingnews.com)
Shares of TCF Financial Corporation (TCF) traded up 0.06% during mid-day trading on Friday, hitting $16.99. The stock had a trading volume of 865,677 shares. TCF Financial Corporation has a 52-week low of $13.73 and a 52-week high of $20.03. The firm has a market cap of $2.86 billion, a PE ratio of 14.72 and a beta of 1.25. The firm has a 50 day moving average price of $16.26 and a 200 day moving average price of $16.03.
TCF Financial Corporation (NYSE:TCF) last issued its quarterly earnings results on Monday, July 24th. The company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.30 by $0.03. TCF Financial Corporation had a net margin of 15.13% and a return on equity of 9.59%. The business had revenue of $341.80 million for the quarter, compared to analysts’ expectations of $336.12 million. During the same quarter last year, the company posted $0.31 earnings per share. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. Equities analysts predict that TCF Financial Corporation will post $1.20 EPS for the current year.
TCF has been the topic of several recent analyst reports. Royal Bank Of Canada reissued a “buy” rating and set a $19.00 target price on shares of TCF Financial Corporation in a research note on Friday, September 8th. 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. BMO Capital Markets restated a “hold” rating and set a $18.00 price objective on shares of TCF Financial Corporation in a report on Friday, September 1st. Morgan Stanley restated an “equal weight” rating and set a $17.00 price objective (up previously from $16.50) on shares of TCF Financial Corporation in a report on Friday, July 7th. Finally, Zacks Investment Research cut TCF Financial Corporation from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $17.00.
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In other TCF Financial Corporation news, Director Barry N. Winslow acquired 12,000 shares of the company’s stock in a transaction that occurred on Thursday, September 14th. The shares were purchased at an average price of $25.00 per share, for a total transaction of $300,000.00. Following the completion of the purchase, the director now directly owns 2,365 shares in the company, valued at $59,125. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.50% of the stock is owned by corporate insiders.
About TCF Financial Corporation
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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