TCF Financial Co. (TCB) Receives “Equal Weight” Rating from Morgan Stanley
TCF Financial Co. (NYSE:TCB)‘s stock had its “equal weight” rating reiterated by analysts at Morgan Stanley in a research note issued on Monday. They presently have a $16.50 target price on the stock, down from their previous target price of $18.00. Morgan Stanley’s price target would suggest a potential downside of 2.14% from the stock’s previous close.
Shares of TCF Financial (NYSE TCB) remained flat at $16.86 during trading on Monday. TCF Financial has a 12-month low of $11.72 and a 12-month high of $20.03. The company’s 50 day moving average is $16.66 and its 200 day moving average is $17.23.
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Large investors have recently added to or reduced their stakes in the company. Oak Associates Ltd. OH increased its stake in TCF Financial by 11.8% in the third quarter. Oak Associates Ltd. OH now owns 1,015,793 shares of the company’s stock valued at $14,526,000 after buying an additional 107,351 shares during the period. The Manufacturers Life Insurance Company bought a new stake in TCF Financial during the third quarter valued at approximately $12,743,000. Fuller & Thaler Asset Management Inc. increased its stake in TCF Financial by 900.5% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 9,555 shares of the company’s stock valued at $139,000 after buying an additional 8,600 shares during the period. Panagora Asset Management Inc. increased its stake in TCF Financial by 54.0% in the third quarter. Panagora Asset Management Inc. now owns 585,856 shares of the company’s stock valued at $8,501,000 after buying an additional 205,519 shares during the period. Finally, Russell Investments Group Ltd. bought a new stake in TCF Financial during the fourth quarter valued at approximately $16,641,000.
About TCF Financial
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: Consumer Banking, Wholesale Banking and Enterprise Services. Consumer Banking comprises all of the Company’s consumer-facing businesses.
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