TCF Financial Corp. (TCB) Price Target Raised to $17.00
TCF Financial Corp. (NYSE:TCB) had its target price raised by investment analysts at Deutsche Bank AG from $15.00 to $17.00 in a research note issued on Tuesday. The brokerage presently has a “buy” rating on the stock. Deutsche Bank AG’s target price would suggest a potential upside of 15.57% from the company’s current price.
Other research analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. restated a “hold” rating on shares of TCF Financial Corp. in a research note on Saturday, July 9th. Keefe, Bruyette & Woods raised their price target on shares of TCF Financial Corp. from $15.00 to $15.50 and gave the stock a “market perform” rating in a research note on Monday, July 25th. FBR & Co cut shares of TCF Financial Corp. from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $16.00 to $14.00 in a research note on Monday, July 25th. Zacks Investment Research upgraded shares of TCF Financial Corp. from a “sell” rating to a “hold” rating in a research note on Monday, July 25th. Finally, Jefferies Group restated a “hold” rating and set a $13.50 price target on shares of TCF Financial Corp. in a research note on Thursday, July 7th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $14.68.
Shares of TCF Financial Corp. (NYSE:TCB) traded down 0.646% during trading on Tuesday, reaching $14.615. The company’s stock had a trading volume of 508,951 shares. The company’s 50-day moving average is $14.46 and its 200-day moving average is $13.55. The company has a market capitalization of $2.45 billion, a P/E ratio of 12.820 and a beta of 1.12. TCF Financial Corp. has a 12 month low of $10.37 and a 12 month high of $15.94.
TCF Financial Corp. (NYSE:TCB) last announced its quarterly earnings results on Friday, July 22nd. The company reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.02. The firm earned $330.90 million during the quarter, compared to analysts’ expectations of $214.32 million. TCF Financial Corp. had a net margin of 15.34% and a return on equity of 10.14%. The company’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.29 earnings per share. On average, analysts forecast that TCF Financial Corp. will post $1.18 EPS for the current fiscal year.
A number of hedge funds have recently added to or reduced their stakes in TCB. Pacad Investment Ltd. acquired a new stake in TCF Financial Corp. during the second quarter worth approximately $120,000. Hsbc Holdings PLC acquired a new stake in TCF Financial Corp. during the second quarter worth approximately $129,000. Bank of Montreal Can acquired a new stake in TCF Financial Corp. during the second quarter worth approximately $130,000. White Pine Capital LLC raised its stake in TCF Financial Corp. by 27.4% in the second quarter. White Pine Capital LLC now owns 13,932 shares of the company’s stock worth $176,000 after buying an additional 3,000 shares in the last quarter. Finally, Jane Street Group LLC acquired a new stake in TCF Financial Corp. during the second quarter worth approximately $198,000. 78.20% of the stock is owned by hedge funds and other institutional investors.
TCF Financial Corp. 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: 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.
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