TCF Financial Corp. (TCB) Given New $17.00 Price Target at Deutsche Bank AG
TCF Financial Corp. (NYSE:TCB) had its price target raised by Deutsche Bank AG from $15.00 to $17.00 in a research report sent to investors on Tuesday morning. Deutsche Bank AG currently has a buy rating on the stock.
TCB has been the topic of several other research reports. Credit Agricole SA lifted their price target 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. Piper Jaffray Cos. reissued a neutral rating and issued a $15.00 target price on shares of TCF Financial Corp. in a report on Saturday. Barclays PLC boosted their target price on shares of TCF Financial Corp. from $14.00 to $15.00 and gave the stock an overweight rating in a report on Monday, July 25th. Jefferies Group reissued a hold rating and issued a $13.50 target price on shares of TCF Financial Corp. in a report on Thursday, July 7th. Finally, JPMorgan Chase & Co. lowered 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. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company. TCF Financial Corp. currently has an average rating of Hold and a consensus price target of $14.68.
TCF Financial Corp. (NYSE:TCB) opened at 14.66 on Tuesday. The stock’s 50 day moving average is $14.48 and its 200 day moving average is $13.55. TCF Financial Corp. has a one year low of $10.37 and a one year high of $15.94. The company has a market capitalization of $2.45 billion, a PE ratio of 12.86 and a beta of 1.12.
TCF Financial Corp. (NYSE:TCB) last issued its quarterly earnings results on Friday, July 22nd. The company reported $0.31 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $330.90 million for the quarter, compared to the consensus estimate of $214.32 million. During the same quarter in the previous year, the firm earned $0.29 earnings per share. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. On average, analysts anticipate that TCF Financial Corp. will post $1.18 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently bought and sold shares of TCB. Oregon Public Employees Retirement Fund boosted its position in TCF Financial Corp. by 2.0% in the third quarter. Oregon Public Employees Retirement Fund now owns 59,418 shares of the company’s stock worth $862,000 after buying an additional 1,179 shares during the period. Foundry Partners LLC boosted its position in TCF Financial Corp. by 3.1% in the third quarter. Foundry Partners LLC now owns 619,267 shares of the company’s stock worth $8,986,000 after buying an additional 18,647 shares during the period. Northwestern Mutual Investment Management Company LLC boosted its position in TCF Financial Corp. by 0.3% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 29,530 shares of the company’s stock worth $374,000 after buying an additional 94 shares during the period. Mason Street Advisors LLC purchased a new position in TCF Financial Corp. during the second quarter worth $987,000. Finally, Sterling Capital Management LLC purchased a new position in TCF Financial Corp. during the second quarter worth $507,000. Institutional investors and hedge funds own 78.20% of the company’s stock.
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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