TCF Financial Corp. (TCB) Receives Neutral Rating from Piper Jaffray Cos.
TCF Financial Corp. (NYSE:TCB)‘s stock had its “neutral” rating reiterated by analysts at Piper Jaffray Cos. in a research note issued to investors on Saturday. They presently have a $15.00 target price on the stock. Piper Jaffray Cos.’s target price points to a potential upside of 2.25% from the company’s current price.
Other research analysts have also recently issued reports about the company. JPMorgan Chase & Co. reaffirmed a “hold” rating on shares of TCF Financial Corp. in a report on Saturday, July 9th. Keefe, Bruyette & Woods lifted their price target on TCF Financial Corp. from $15.00 to $15.50 and gave the company a “market perform” rating in a report on Monday, July 25th. FBR & Co lowered TCF Financial Corp. from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $16.00 to $14.00 in a research report on Monday, July 25th. Zacks Investment Research upgraded TCF Financial Corp. from a “sell” rating to a “hold” rating in a research report on Monday, July 25th. Finally, Jefferies Group reiterated a “hold” rating and issued a $13.50 price objective on shares of TCF Financial Corp. in a research report on Thursday, July 7th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $14.41.
Shares of TCF Financial Corp. (NYSE:TCB) opened at 14.67 on Friday. The stock has a 50 day moving average of $14.45 and a 200-day moving average of $13.51. The stock has a market capitalization of $2.45 billion, a price-to-earnings ratio of 12.87 and a beta of 1.12. TCF Financial Corp. has a 52-week low of $10.37 and a 52-week high of $15.94.
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TCF Financial Corp. (NYSE:TCB) last released its quarterly earnings results on Friday, July 22nd. The company reported $0.31 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.02. TCF Financial Corp. had a return on equity of 10.14% and a net margin of 15.34%. The business earned $330.90 million during the quarter, compared to analysts’ expectations of $214.32 million. During the same period in the previous year, the business posted $0.29 earnings per share. The firm’s revenue for the quarter was up 3.6% compared to the same quarter last year. On average, equities research analysts predict that TCF Financial Corp. will post $1.18 EPS for the current fiscal year.
Institutional investors have recently added to or reduced their stakes in the stock. Pacad Investment Ltd. acquired a new position in TCF Financial Corp. during the second quarter valued at $120,000. Hsbc Holdings PLC acquired a new position in TCF Financial Corp. during the second quarter valued at $129,000. Bank of Montreal Can acquired a new position in TCF Financial Corp. during the second quarter valued at $130,000. White Pine Capital LLC boosted its position in TCF Financial Corp. by 27.4% in the second quarter. White Pine Capital LLC now owns 13,932 shares of the company’s stock valued at $176,000 after buying an additional 3,000 shares during the period. Finally, Jane Street Group LLC acquired a new position in TCF Financial Corp. during the second quarter valued at $198,000. Institutional investors and hedge funds own 78.20% of the company’s stock.
About TCF Financial Corp.
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: Lending, Funding and Support Services. Its Lending segment includes consumer real estate, commercial real estate and business lending, leasing and equipment finance, inventory finance and auto finance.
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