TCF Financial Corp. (TCB) Stock Rating Reaffirmed by Keefe, Bruyette & Woods
TCF Financial Corp. (NYSE:TCB)‘s stock had its “market perform” rating reaffirmed by analysts at Keefe, Bruyette & Woods in a report released on Wednesday.
A number of other brokerages also recently issued reports on TCB. Barclays PLC lifted their price target on TCF Financial Corp. from $14.00 to $15.00 and gave the company an “overweight” rating 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. Credit Agricole SA boosted their target price on TCF Financial Corp. from $14.00 to $15.00 and gave the stock an “underperform” rating in a research report on Friday, September 23rd. Deutsche Bank AG boosted their target price on TCF Financial Corp. from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, FBR & Co downgraded TCF Financial Corp. from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $16.00 to $14.00 in a research report on Monday, July 25th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company’s stock. TCF Financial Corp. has an average rating of “Hold” and an average price target of $14.68.
TCF Financial Corp. (NYSE:TCB) traded up 0.171% during mid-day trading on Wednesday, reaching $14.685. 241,891 shares of the company’s stock were exchanged. The stock has a market cap of $2.46 billion, a price-to-earnings ratio of 12.882 and a beta of 1.12. TCF Financial Corp. has a one year low of $10.37 and a one year high of $15.94. The stock has a 50-day moving average of $14.48 and a 200-day moving average of $13.55.
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TCF Financial Corp. (NYSE:TCB) last issued 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. The firm earned $330.90 million during the quarter, compared to the consensus estimate of $214.32 million. TCF Financial Corp. had a return on equity of 10.14% and a net margin of 15.34%. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter last year, the company posted $0.29 EPS. On average, equities research analysts anticipate that TCF Financial Corp. will post $1.18 earnings per share for the current year.
Several institutional investors have recently bought and sold shares of the stock. Pacad Investment Ltd. acquired a new position in TCF Financial Corp. during the second quarter valued at about $120,000. Hsbc Holdings PLC acquired a new position in TCF Financial Corp. during the second quarter valued at about $129,000. Bank of Montreal Can acquired a new position in TCF Financial Corp. during the second quarter valued at about $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 about $198,000. 78.20% of the stock is currently owned by hedge funds and other institutional investors.
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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