TCF Financial Corporation (NYSE:TCF) Given Average Rating of “Hold” by Brokerages
TCF Financial Corporation (NYSE:TCF) has been assigned a consensus broker rating score of 3.00 (Hold) from the twelve brokers that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong sell recommendation, one has assigned a sell recommendation, eight have given a hold recommendation, one has assigned a buy recommendation and one has assigned a strong buy recommendation to the company. TCF Financial Corporation’s rating score has declined by 12.4% in the last 90 days as a result of a number of analysts’ ratings changes.
Analysts have set a 12 month consensus price target of $17.38 for the company and are expecting that the company will post $0.30 EPS for the current quarter, according to Zacks. Zacks has also given TCF Financial Corporation an industry rank of 58 out of 265 based on the ratings given to its competitors.
Several equities analysts have issued reports on the company. Morgan Stanley reiterated an “equal weight” rating and issued a $17.00 price objective (up previously from $16.50) on shares of TCF Financial Corporation in a research report on Friday. Zacks Investment Research upgraded TCF Financial Corporation from a “sell” rating to a “hold” rating in a research report on Saturday, July 1st. Finally, Wedbush assumed coverage on TCF Financial Corporation in a research report on Wednesday, June 28th. They issued an “underperform” rating and a $14.00 price objective for the company.
In other TCF Financial Corporation news, Director Barry N. Winslow sold 10,274 shares of TCF Financial Corporation stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $25.19, for a total value of $258,802.06. Following the completion of the transaction, the director now owns 2,365 shares in the company, valued at approximately $59,574.35. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Brian W. Maass acquired 3,225 shares of the business’s stock in a transaction on Thursday, June 8th. The stock was acquired at an average price of $15.50 per share, with a total value of $49,987.50. Following the transaction, the chief financial officer now owns 60,027 shares in the company, valued at approximately $930,418.50. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 4,201 shares of company stock valued at $75,015. Corporate insiders own 2.50% of the company’s stock.
TCF Financial Corporation (NYSE:TCF) traded down 0.69% during mid-day trading on Monday, reaching $15.92. 1,368,341 shares of the company’s stock were exchanged. TCF Financial Corporation has a 52 week low of $12.36 and a 52 week high of $20.03. The company’s 50 day moving average price is $15.62 and its 200-day moving average price is $17.18. The company has a market capitalization of $2.67 billion, a P/E ratio of 13.96 and a beta of 1.26.
TCF Financial Corporation 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: Consumer Banking, Wholesale Banking and Enterprise Services. Consumer Banking comprises all of the Company’s consumer-facing businesses.
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