Keefe, Bruyette & Woods restated their market perform rating on shares of TCF Financial Corp. (NYSE:TCB) in a research note released on Wednesday.

A number of other analysts also recently weighed in on the stock. JPMorgan Chase & Co. reduced their target price on shares of TCF Financial Corp. from $13.50 to $13.00 and set a neutral rating on the stock in a report on Thursday, July 7th. Piper Jaffray Cos. restated a neutral rating and issued a $15.00 target price on shares of TCF Financial Corp. in a report on Saturday, October 8th. Credit Agricole SA lifted their price target on shares of TCF Financial Corp. from $14.00 to $15.00 and gave the stock an underperform rating in a research note on Friday, September 23rd. Barclays PLC lifted their price target on shares of TCF Financial Corp. from $14.00 to $15.00 and gave the stock an overweight rating in a research note on Monday, July 25th. Finally, Zacks Investment Research cut shares of TCF Financial Corp. from a hold rating to a sell rating in a research note on Monday, June 27th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company. The company currently has an average rating of Hold and a consensus price target of $14.68.

TCF Financial Corp. (NYSE:TCB) traded down 3.83% during trading on Wednesday, reaching $14.08. 155,189 shares of the company were exchanged. TCF Financial Corp. has a 1-year low of $10.37 and a 1-year high of $15.94. The company’s 50-day moving average price is $14.49 and its 200-day moving average price is $13.56. The stock has a market capitalization of $2.36 billion, a P/E ratio of 12.35 and a beta of 1.12.

TCF Financial Corp. (NYSE:TCB) last posted its 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 firm had revenue of $330.90 million for the quarter, compared to the consensus estimate of $214.32 million. During the same period in the previous year, the firm posted $0.29 EPS. The business’s quarterly revenue was up 3.6% on a year-over-year basis. On average, equities analysts forecast that TCF Financial Corp. will post $1.18 EPS for the current year.

Hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its position in TCF Financial Corp. by 5.0% in the second quarter. Vanguard Group Inc. now owns 11,996,276 shares of the company’s stock valued at $151,752,000 after buying an additional 576,602 shares during the last quarter. Dimensional Fund Advisors LP increased its position in 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 valued at $100,230,000 after buying an additional 1,050,082 shares during the last quarter. BlackRock Fund Advisors increased its position in TCF Financial Corp. by 2.6% in the second quarter. BlackRock Fund Advisors now owns 6,040,443 shares of the company’s stock valued at $76,412,000 after buying an additional 152,655 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its position in 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 valued at $73,197,000 after buying an additional 180,124 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in 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 valued at $33,313,000 after buying an additional 105,425 shares during the last quarter. 78.20% of the stock is currently owned by hedge funds and other institutional investors.

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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