TCF Financial Upgraded to Buy at Sterne Agee (TCB)
TCF Financial (NYSE:TCB) was upgraded by stock analysts at Sterne Agee from a “neutral” rating to a “buy” rating in a report issued on Wednesday, TheFlyOnTheWall.com reports.
Shares of TCF Financial (NYSE:TCB) traded up 0.24% during mid-day trading on Wednesday, hitting $16.48. The stock had a trading volume of 616,105 shares. TCF Financial has a 52-week low of $13.69 and a 52-week high of $17.39. The stock has a 50-day moving average of $16.21 and a 200-day moving average of $16.17. The company has a market cap of $2.682 billion and a price-to-earnings ratio of 18.27.
TCF Financial (NYSE:TCB) last issued its quarterly earnings data on Tuesday, April 22nd. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.01. The company had revenue of $304.70 million for the quarter, compared to the consensus estimate of $200.44 million. During the same quarter in the previous year, the company posted $0.16 earnings per share. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. On average, analysts predict that TCF Financial will post $1.10 earnings per share for the current fiscal year.
TCB has been the subject of a number of other recent research reports. Analysts at Raymond James upgraded shares of TCF Financial from an “underperform” rating to a “market perform” rating in a research note on Monday. Separately, analysts at Zacks reiterated a “neutral” rating on shares of TCF Financial in a research note on Wednesday, June 11th. They now have a $17.50 price target on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of TCF Financial in a research note on Monday, May 12th. They now have a $18.00 price target on the stock. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $17.33.
TCF Financial Corporation (NYSE:TCB) is a national bank holding company.
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