TCF Financial Corp. (TCB) Given New $16.00 Price Target at Barclays PLC
TCF Financial Corp. (NYSE:TCB) had its target price increased by Barclays PLC from $15.00 to $16.00 in a research note released on Tuesday morning. They currently have an overweight rating on the stock.
A number of other equities analysts have also commented on the stock. Deutsche Bank AG lifted their price target on shares of TCF Financial Corp. from $15.00 to $17.00 and gave the stock a buy rating in a report on Tuesday. Piper Jaffray Cos. reiterated a neutral rating and set a $15.00 price target on shares of TCF Financial Corp. in a report on Saturday. Credit Agricole SA boosted their target price on shares of TCF Financial Corp. from $14.00 to $15.00 and gave the company an underperform rating in a report on Friday, September 23rd. Zacks Investment Research upgraded shares of TCF Financial Corp. from a sell rating to a hold rating in a report on Monday, July 25th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of TCF Financial Corp. from $15.00 to $15.50 and gave the company a market perform rating in a report on Monday, July 25th. One equities 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 currently has an average rating of Hold and an average target price of $14.68.
TCF Financial Corp. (NYSE:TCB) opened at 14.66 on Tuesday. The company’s 50-day moving average price is $14.48 and its 200 day moving average price is $13.55. The company has a market capitalization of $2.45 billion, a price-to-earnings ratio of 12.86 and a beta of 1.12. TCF Financial Corp. has a 52 week low of $10.37 and a 52 week high of $15.94.
TCF Financial Corp. (NYSE:TCB) last issued 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 company had revenue of $330.90 million for the quarter, compared to analyst estimates of $214.32 million. TCF Financial Corp. had a net margin of 15.34% and a return on equity of 10.14%. TCF Financial Corp.’s revenue was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.29 earnings per share. On average, analysts predict that TCF Financial Corp. will post $1.18 EPS for the current year.
Several large investors have recently bought and sold shares of the company. Pacad Investment Ltd. acquired a new stake in TCF Financial Corp. during the second quarter valued at approximately $120,000. Hsbc Holdings PLC acquired a new stake in TCF Financial Corp. during the second quarter valued at approximately $129,000. Bank of Montreal Can acquired a new stake in TCF Financial Corp. during the second quarter valued at approximately $130,000. White Pine Capital LLC increased 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 valued at $176,000 after buying an additional 3,000 shares during the last quarter. Finally, Jane Street Group LLC acquired a new stake in TCF Financial Corp. during the second quarter valued at approximately $198,000. 78.20% of the stock is owned by 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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