TCF Financial (NYSE:TCF)‘s stock had its “hold” rating restated by Jefferies Group in a research note issued to investors on Friday. They presently have a $21.00 target price on the bank’s stock. Jefferies Group’s target price suggests a potential upside of 2.64% from the company’s previous close. Jefferies Group also issued estimates for TCF Financial’s Q1 2018 earnings at $0.35 EPS, Q2 2018 earnings at $0.36 EPS, Q3 2018 earnings at $0.37 EPS, Q4 2018 earnings at $0.36 EPS, FY2018 earnings at $1.43 EPS and FY2019 earnings at $1.50 EPS.

A number of other research analysts have also recently commented on the company. Deutsche Bank raised their target price on TCF Financial from $17.00 to $18.00 and gave the company a “hold” rating in a research note on Wednesday, November 8th. J P Morgan Chase & Co raised their target price on TCF Financial from $18.00 to $19.00 and gave the company a “neutral” rating in a research note on Monday, October 30th. JMP Securities started coverage on TCF Financial in a research note on Thursday, August 31st. They issued a “mkt perform” rating for the company. Zacks Investment Research cut TCF Financial from a “hold” rating to a “sell” rating in a research note on Monday, September 25th. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $19.00 price objective on shares of TCF Financial in a research note on Friday, September 8th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company’s stock. TCF Financial has an average rating of “Hold” and an average price target of $19.23.

Shares of TCF Financial (NYSE:TCF) opened at $20.46 on Friday. The firm has a market capitalization of $3,500.00, a P/E ratio of 17.83, a PEG ratio of 2.98 and a beta of 1.29. TCF Financial has a 1 year low of $14.58 and a 1 year high of $21.29. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.04 and a quick ratio of 1.03.

TCF Financial (NYSE:TCF) last issued its quarterly earnings data on Friday, October 27th. The bank reported $0.29 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.02). The business had revenue of $343.30 million during the quarter, compared to the consensus estimate of $340.45 million. TCF Financial had a return on equity of 9.63% and a net margin of 15.27%. TCF Financial’s quarterly revenue was up .4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.31 earnings per share. equities research analysts anticipate that TCF Financial will post 0.83 earnings per share for the current year.

In other news, Director Barry N. Winslow acquired 12,000 shares of the business’s stock in a transaction that occurred on Thursday, September 14th. The stock was bought at an average price of $25.00 per share, with a total value of $300,000.00. Following the completion of the acquisition, the director now directly owns 2,365 shares of the company’s stock, valued at approximately $59,125. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.50% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP bought a new stake in TCF Financial during the third quarter valued at about $188,275,000. JPMorgan Chase & Co. grew its holdings in TCF Financial by 12.1% during the third quarter. JPMorgan Chase & Co. now owns 6,274,734 shares of the bank’s stock valued at $106,545,000 after purchasing an additional 676,834 shares during the period. Hotchkis & Wiley Capital Management LLC bought a new stake in TCF Financial during the third quarter valued at about $57,331,000. LSV Asset Management grew its holdings in TCF Financial by 2.4% during the second quarter. LSV Asset Management now owns 2,922,164 shares of the bank’s stock valued at $46,579,000 after purchasing an additional 69,407 shares during the period. Finally, Fuller & Thaler Asset Management Inc. bought a new position in shares of TCF Financial in the third quarter worth about $40,868,000. 82.34% of the stock is owned by institutional investors and hedge funds.

TRADEMARK VIOLATION WARNING: “TCF Financial (TCF) Earns Hold Rating from Jefferies Group” was originally reported by American Banking News and is the property of of American Banking News. If you are reading this news story on another site, it was illegally stolen and republished in violation of United States and international trademark and copyright legislation. The original version of this news story can be read at https://www.americanbankingnews.com/2017/12/09/tcf-financial-tcf-earns-hold-rating-from-jefferies-group.html.

TCF Financial 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.

Analyst Recommendations for TCF Financial (NYSE:TCF)

Receive News & Ratings for TCF Financial Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TCF Financial Co. and related companies with MarketBeat.com's FREE daily email newsletter.