TCF Financial Corporation (NYSE:TCF) is reporting third quarter earnings results on Monday 26th October 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.64 per share.
For the full year, analysts predict revenues of $ 2081.86 million, while looking forward to income of $ 2.50 per share.
Previous Quarter Performance
TCF Financial Corporation posted income for the second quarter of $ 0.54 per share, from the revenue of $ 511.41 million. The quarterly earnings contracted 3.57 percent while revenues gained 151.52 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.51 per share from $ 526.60 million in revenue. The bottom line results beat street analysts by $ 0.03 or 5.88 percent, at the same time, top line results fell short of analysts by $ 15.19 million or 2.88 percent.
Stock Performance
On Friday, shares of TCF Financial Corporation has traded high as $ 29.62 and has cracked $ 28.90 on the downward trend, reaching $ 29.62 with volume of 847.00 thousand shares.
According to the previous trading day, closing price of $ 29.62, representing a 70.58 % increase from the 52 week low of $ 16.96 and a 39.04 % decrease over the 52 week high of $ 47.46.
The company has a market capital of $ 4.51 billion and is part of the Financial Services sector and Banks – Regional – US industry.
Recent Analyst recommendations
- On 7th October 2020, initiated by DA Davidson at Neutral rating, with $ 25.00 target price.
- On 29th September 2020, maintained by Piper Sandler at Overweight rating, with $ 30.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.35 per share on July 27, 2020. The dividend were payable on September 1, 2020 to holders of record as of the close of business on August 14, 2020 and ex-dividend date on August 13, 2020.
TCF Financial Corporation operates as the bank 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 deposit; and individual retirement accounts.
