TCF Financial Corporation (TCF) Price Target Raised to $20.00 at Barclays PLC
TCF Financial Corporation (NYSE:TCF) had its target price upped by equities research analysts at Barclays PLC from $19.00 to $20.00 in a report issued on Monday. The brokerage currently has an “overweight” rating on the stock. Barclays PLC’s target price indicates a potential upside of 10.68% from the stock’s current price.
Other equities analysts have also issued reports about the stock. J P Morgan Chase & Co raised their price target on shares of TCF Financial Corporation from $18.00 to $19.00 and gave the stock a “neutral” rating in a research report on Monday. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $18.00 price target on shares of TCF Financial Corporation in a research report on Sunday. Deutsche Bank AG reaffirmed a “hold” rating and set a $17.00 price target (down from $18.00) on shares of TCF Financial Corporation in a research report on Tuesday, July 25th. Morgan Stanley reaffirmed an “equal weight” rating and set a $17.00 price target (up from $16.50) on shares of TCF Financial Corporation in a research report on Friday, July 7th. Finally, Zacks Investment Research lowered shares of TCF Financial Corporation from a “hold” rating to a “sell” rating in a research report on Monday, September 25th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $17.78.
Shares of TCF Financial Corporation (NYSE TCF) traded up 1.70% during mid-day trading on Monday, hitting $17.97. 1,269,646 shares of the stock traded hands. The firm has a market capitalization of $3.03 billion, a P/E ratio of 15.57 and a beta of 1.25. The company’s 50 day moving average is $16.76 and its 200 day moving average is $16.07. TCF Financial Corporation has a one year low of $13.73 and a one year high of $20.03.
TCF Financial Corporation (NYSE:TCF) last released its quarterly earnings results on Friday, October 27th. The company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.02). TCF Financial Corporation had a return on equity of 9.63% and a net margin of 15.27%. The business had revenue of $343.30 million for the quarter, compared to the consensus estimate of $340.45 million. During the same period in the prior year, the business posted $0.31 earnings per share. TCF Financial Corporation’s revenue was up .4% compared to the same quarter last year. On average, equities analysts expect that TCF Financial Corporation will post $1.20 EPS for the current fiscal year.
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In other news, Director Barry N. Winslow bought 12,000 shares of the firm’s stock in a transaction on Thursday, September 14th. The shares were purchased at an average cost of $25.00 per share, with a total value of $300,000.00. Following the acquisition, the director now directly owns 2,365 shares in the company, valued at $59,125. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 2.50% of the stock is owned by company insiders.
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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