TCF Financial (TCF) Earns “Buy” Rating from Piper Jaffray Companies
TCF Financial (NYSE:TCF)‘s stock had its “buy” rating reiterated by research analysts at Piper Jaffray Companies in a research report issued on Tuesday. They currently have a $25.00 target price on the bank’s stock. Piper Jaffray Companies’ price objective would suggest a potential upside of 13.38% from the company’s current price.
A number of other equities research analysts also recently commented on the company. Deutsche Bank increased 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. JPMorgan Chase & Co. increased their price objective on TCF Financial from $18.00 to $19.00 and gave the company a “neutral” rating in a research report on Monday, October 30th. Zacks Investment Research downgraded TCF Financial from a “hold” rating to a “sell” rating in a research report on Monday, September 25th. DA Davidson reiterated a “buy” rating and set a $23.00 price objective on shares of TCF Financial in a research report on Wednesday, November 29th. Finally, Sandler O’Neill upgraded TCF Financial from a “hold” rating to a “buy” rating in a research report on Tuesday, November 28th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $19.85.
Shares of TCF Financial (TCF) traded up $0.12 during trading hours on Tuesday, hitting $22.05. The stock had a trading volume of 815,937 shares, compared to its average volume of 1,613,167. TCF Financial has a one year low of $14.58 and a one year high of $22.29. The firm has a market cap of $3,730.00, a P/E ratio of 19.51, a PEG ratio of 1.74 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.
In other news, Director Peter Bell sold 15,000 shares of the stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $20.53, for a total value of $307,950.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 2.50% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings 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 valued at $103,000 after purchasing an additional 580 shares in the last quarter. Zions Bancorporation purchased a new stake in shares of TCF Financial in the third quarter valued at $116,000. Evercore Wealth Management LLC purchased a new stake in shares of TCF Financial in the third quarter valued at $128,000. Tower Research Capital LLC TRC lifted its holdings in shares of TCF Financial by 540.0% in the second quarter. Tower Research Capital LLC TRC now owns 8,282 shares of the bank’s stock valued at $132,000 after purchasing an additional 6,988 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. acquired a new position in shares of TCF Financial in the third quarter worth $140,000. Institutional investors own 82.25% of the company’s stock.
ILLEGAL ACTIVITY NOTICE: This piece was originally published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this piece on another site, it was stolen and reposted in violation of United States and international trademark & copyright legislation. The correct version of this piece can be accessed at https://www.thecerbatgem.com/2018/01/11/tcf-financial-tcf-earns-buy-rating-from-piper-jaffray-companies.html.
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.
Receive News & Stock Ratings for TCF Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TCF Financial and related stocks with our FREE daily email newsletter.