TCF Financial (TCF) Lifted to Overweight at Piper Jaffray Companies
Piper Jaffray Companies upgraded shares of TCF Financial (NYSE:TCF) from a neutral rating to an overweight rating in a report released on Tuesday morning, Marketbeat.com reports. They currently have $23.00 price objective on the bank’s stock.
Other equities analysts also recently issued reports about the company. Royal Bank Of Canada restated a buy rating and issued a $19.00 price objective on shares of TCF Financial in a research report on Friday, September 8th. Zacks Investment Research upgraded TCF Financial from a hold rating to a buy rating and set a $20.00 price objective on the stock in a research report on Wednesday, November 1st. DA Davidson upgraded TCF Financial from a neutral rating to a buy rating in a research report on Tuesday, October 31st. Deutsche Bank boosted their price objective on TCF Financial from $17.00 to $18.00 and gave the company a hold rating in a research report on Wednesday, November 8th. Finally, Keefe, Bruyette & Woods restated a hold rating and issued a $18.00 price objective on shares of TCF Financial in a research report on Sunday, October 29th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of $19.08.
TCF Financial (NYSE:TCF) opened at $20.34 on Tuesday. TCF Financial has a 52-week low of $14.58 and a 52-week high of $20.92. The company has a market capitalization of $3,491.95, a PE ratio of 17.82, a PEG ratio of 2.98 and a beta of 1.29. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.04 and a quick ratio of 1.03.
The company also recently announced a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Wednesday, November 15th were given a $0.075 dividend. The ex-dividend date of this dividend was Tuesday, November 14th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.47%. TCF Financial’s dividend payout ratio is currently 26.32%.
In other news, Director Barry N. Winslow bought 12,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 14th. The shares were bought at an average cost of $25.00 per share, for a total transaction of $300,000.00. Following the completion of the transaction, the director now owns 2,365 shares of the company’s stock, valued at $59,125. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.50% of the stock is currently owned by insiders.
Large investors have recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of TCF Financial by 9.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,487 shares of the bank’s stock worth $103,000 after buying an additional 580 shares in the last quarter. Zions Bancorporation purchased a new stake in shares of TCF Financial in the third quarter worth about $116,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of TCF Financial in the third quarter worth about $432,000. Evercore Wealth Management LLC purchased a new stake in shares of TCF Financial in the third quarter worth about $128,000. Finally, Ladenburg Thalmann Financial Services Inc. purchased a new stake in shares of TCF Financial in the third quarter worth about $140,000. Institutional investors own 82.34% of the company’s stock.
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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