TCF Financial (TCF) Earns Hold Rating from Jefferies Group
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.
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.
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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.
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