TCF Financial Corp. (NYSE:TCB)‘s stock had its “neutral” rating restated by equities researchers at Piper Jaffray Cos. in a research report issued on Saturday. They currently have a $15.00 target price on the stock. Piper Jaffray Cos.’s target price points to a potential upside of 2.25% from the company’s current price.

A number of other analysts also recently weighed in on TCB. Zacks Investment Research downgraded shares of TCF Financial Corp. from a “hold” rating to a “sell” rating in a research report on Monday, June 27th. Jefferies Group reissued a “hold” rating and set a $13.50 price target on shares of TCF Financial Corp. in a research report on Thursday, July 7th. JPMorgan Chase & Co. decreased their price objective on shares of TCF Financial Corp. from $13.50 to $13.00 and set a “neutral” rating for the company in a report on Thursday, July 7th. FBR & Co downgraded shares of TCF Financial Corp. from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $16.00 to $14.00 in a report on Monday, July 25th. Finally, Barclays PLC lifted their price objective on shares of TCF Financial Corp. from $14.00 to $15.00 and gave the stock an “overweight” rating in a report on Monday, July 25th. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company. TCF Financial Corp. has an average rating of “Hold” and an average price target of $14.41.

Analyst Recommendations for TCF Financial Corp. (NYSE:TCB)

TCF Financial Corp. (NYSE:TCB) opened at 14.67 on Friday. The stock has a market cap of $2.45 billion, a P/E ratio of 12.87 and a beta of 1.12. TCF Financial Corp. has a one year low of $10.37 and a one year high of $15.94. The stock has a 50 day moving average of $14.45 and a 200-day moving average of $13.51.

TCF Financial Corp. (NYSE:TCB) last released its quarterly earnings results on Friday, July 22nd. The company reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.02. TCF Financial Corp. had a net margin of 15.34% and a return on equity of 10.14%. The business earned $330.90 million during the quarter, compared to the consensus estimate of $214.32 million. During the same quarter last year, the company earned $0.29 earnings per share. The business’s quarterly revenue was up 3.6% compared to the same quarter last year. Analysts anticipate that TCF Financial Corp. will post $1.18 EPS for the current year.

Several large investors have recently modified their holdings of TCB. Vanguard Group Inc. boosted its stake in shares of TCF Financial Corp. by 5.0% in the second quarter. Vanguard Group Inc. now owns 11,996,276 shares of the company’s stock worth $151,752,000 after buying an additional 576,602 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of TCF Financial Corp. by 15.3% in the second quarter. Dimensional Fund Advisors LP now owns 7,923,481 shares of the company’s stock worth $100,230,000 after buying an additional 1,050,082 shares in the last quarter. BlackRock Fund Advisors boosted its stake in shares of TCF Financial Corp. by 2.6% in the second quarter. BlackRock Fund Advisors now owns 6,040,443 shares of the company’s stock worth $76,412,000 after buying an additional 152,655 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in shares of TCF Financial Corp. by 3.2% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 5,786,292 shares of the company’s stock worth $73,197,000 after buying an additional 180,124 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of TCF Financial Corp. by 4.2% in the second quarter. Bank of New York Mellon Corp now owns 2,633,515 shares of the company’s stock worth $33,313,000 after buying an additional 105,425 shares in the last quarter. Institutional investors and hedge funds own 78.20% of the company’s stock.

About TCF Financial Corp.

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: Lending, Funding and Support Services. Its Lending segment includes consumer real estate, commercial real estate and business lending, leasing and equipment finance, inventory finance and auto finance.

5 Day Chart for NYSE:TCB

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