TCF Financial Corp. (TCB) Earns Market Perform Rating from Keefe, Bruyette & Woods
TCF Financial Corp. (NYSE:TCB)‘s stock had its “market perform” rating reissued by analysts at Keefe, Bruyette & Woods in a report released on Wednesday.
A number of other research analysts have also recently commented on TCB. Zacks Investment Research cut shares of TCF Financial Corp. from a “hold” rating to a “sell” rating in a report on Monday, June 27th. Jefferies Group restated a “hold” rating and issued a $13.50 price target on shares of TCF Financial Corp. in a report on Thursday, July 7th. JPMorgan Chase & Co. cut their price target on shares of TCF Financial Corp. from $13.50 to $13.00 and set a “neutral” rating on the stock in a report on Thursday, July 7th. FBR & Co cut shares of TCF Financial Corp. from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $16.00 to $14.00 in a report on Monday, July 25th. Finally, Barclays PLC upped their price target on shares of TCF Financial Corp. from $14.00 to $15.00 and gave the stock an “overweight” rating in a report on Monday, July 25th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $14.68.
Shares of TCF Financial Corp. (NYSE:TCB) traded up 0.27% on Wednesday, reaching $14.70. 252,639 shares of the company were exchanged. TCF Financial Corp. has a 52 week low of $10.37 and a 52 week high of $15.94. The company’s 50-day moving average is $14.48 and its 200-day moving average is $13.55. The company has a market capitalization of $2.46 billion, a price-to-earnings ratio of 12.89 and a beta of 1.12.
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TCF Financial Corp. (NYSE:TCB) last posted its quarterly earnings results on Friday, July 22nd. The company reported $0.31 EPS for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.02. The firm had revenue of $330.90 million for the quarter, compared to analysts’ expectations of $214.32 million. TCF Financial Corp. had a net margin of 15.34% and a return on equity of 10.14%. The business’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.29 earnings per share. On average, equities analysts expect that TCF Financial Corp. will post $1.18 EPS for the current fiscal year.
Several hedge funds have recently added to or reduced their stakes in the stock. Aperio Group LLC raised its stake in TCF Financial Corp. by 2.3% in the first quarter. Aperio Group LLC now owns 28,436 shares of the company’s stock valued at $349,000 after buying an additional 636 shares during the last quarter. Ngam Advisors L.P. increased its position in TCF Financial Corp. by 12.5% in the first quarter. Ngam Advisors L.P. now owns 17,566 shares of the company’s stock valued at $215,000 after buying an additional 1,953 shares during the period. Prudential Financial Inc. increased its position in TCF Financial Corp. by 9.3% in the first quarter. Prudential Financial Inc. now owns 1,816,665 shares of the company’s stock valued at $22,272,000 after buying an additional 154,700 shares during the period. BlackRock Inc. increased its position in TCF Financial Corp. by 56.4% in the first quarter. BlackRock Inc. now owns 112,481 shares of the company’s stock valued at $1,379,000 after buying an additional 40,579 shares during the period. Finally, BlackRock Group LTD increased its position in TCF Financial Corp. by 194.4% in the first quarter. BlackRock Group LTD now owns 274,033 shares of the company’s stock valued at $3,359,000 after buying an additional 180,965 shares during the period. 78.20% of the stock is owned by institutional investors and hedge funds.
TCF Financial Corp. Company Profile
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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