TCF Financial (NYSE:TCF) was upgraded by BMO Capital Markets from a “market perform” rating to an “outperform” rating in a report issued on Friday, MarketBeat Ratings reports. The firm currently has a $26.00 price target on the bank’s stock. BMO Capital Markets’ price objective would suggest a potential upside of 22.64% from the stock’s current price.
Several other research analysts have also recently issued reports on the company. Deutsche Bank increased their price target on TCF Financial from $17.00 to $18.00 and gave the stock a “hold” rating in a research note on Wednesday, November 8th. Barclays increased their price target on TCF Financial from $21.00 to $23.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 2nd. Piper Jaffray Companies reissued a “buy” rating and issued a $25.00 price target on shares of TCF Financial in a research note on Tuesday, January 9th. JPMorgan Chase & Co. increased their price target on TCF Financial from $18.00 to $19.00 and gave the stock a “neutral” rating in a research note on Monday, October 30th. Finally, Zacks Investment Research raised TCF Financial from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a research note on Tuesday, January 2nd. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company’s stock. TCF Financial currently has a consensus rating of “Hold” and a consensus price target of $21.58.
TCF Financial (TCF) opened at $21.20 on Friday. TCF Financial has a 52 week low of $14.58 and a 52 week high of $22.42. The stock has a market capitalization of $3,519.22, a price-to-earnings ratio of 14.72, a PEG ratio of 1.47 and a beta of 1.21. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.47.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. lifted its holdings in shares of TCF Financial by 1.0% during the fourth quarter. BlackRock Inc. now owns 14,189,974 shares of the bank’s stock valued at $290,893,000 after purchasing an additional 135,835 shares during the last quarter. Dimensional Fund Advisors LP purchased a new stake in shares of TCF Financial during the third quarter valued at $188,275,000. JPMorgan Chase & Co. lifted its holdings in shares of TCF Financial by 12.1% during the third quarter. JPMorgan Chase & Co. now owns 6,274,734 shares of the bank’s stock valued at $106,545,000 after purchasing an additional 676,834 shares during the last quarter. Wedge Capital Management L L P NC purchased a new stake in shares of TCF Financial during the fourth quarter valued at $83,140,000. Finally, Hotchkis & Wiley Capital Management LLC purchased a new stake in shares of TCF Financial during the third quarter valued at $57,331,000. 82.61% of the stock is owned by institutional investors and hedge funds.
COPYRIGHT VIOLATION WARNING: “TCF Financial (TCF) Rating Increased to Outperform at BMO Capital Markets” was originally published by Community Financial News and is owned by of Community Financial News. If you are viewing this story on another site, it was stolen and reposted in violation of US and international copyright & trademark law. The legal version of this story can be accessed at https://www.com-unik.info/2018/02/11/tcf-financial-tcf-rating-increased-to-outperform-at-bmo-capital-markets.html.
About TCF Financial
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 & 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 companies with MarketBeat.com's FREE daily email newsletter.