Shares of TCF Financial Co. (NYSE:TCF) have been given an average recommendation of “Buy” by the thirteen research firms that are covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $37.45.
A number of analysts recently commented on TCF shares. Raymond James set a $28.00 price target on TCF Financial and gave the stock a “buy” rating in a report on Friday, July 26th. Piper Jaffray Companies set a $52.00 price target on TCF Financial and gave the stock a “buy” rating in a report on Friday, September 13th. Morgan Stanley dropped their price target on TCF Financial from $45.00 to $44.00 and set an “equal weight” rating on the stock in a report on Thursday, October 3rd. Wells Fargo & Co dropped their price target on TCF Financial from $52.00 to $50.00 and set an “outperform” rating on the stock in a report on Wednesday, October 2nd. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating and set a $47.00 price target on shares of TCF Financial in a report on Friday, August 16th.
Several institutional investors and hedge funds have recently modified their holdings of TCF. Nelson Van Denburg & Campbell Wealth Management Group LLC bought a new stake in shares of TCF Financial in the third quarter valued at $26,000. Stonebridge Capital Advisors LLC bought a new stake in shares of TCF Financial during the 2nd quarter valued at $27,000. Signaturefd LLC raised its stake in shares of TCF Financial by 188.1% during the 3rd quarter. Signaturefd LLC now owns 700 shares of the bank’s stock valued at $27,000 after purchasing an additional 457 shares during the period. Optimum Investment Advisors bought a new stake in shares of TCF Financial during the 3rd quarter valued at $45,000. Finally, Toronto Dominion Bank raised its stake in shares of TCF Financial by 38.5% during the 2nd quarter. Toronto Dominion Bank now owns 5,114 shares of the bank’s stock valued at $112,000 after purchasing an additional 1,421 shares during the period. Hedge funds and other institutional investors own 80.46% of the company’s stock.
TCF Financial (NYSE:TCF) last issued its quarterly earnings results on Thursday, July 25th. The bank reported $0.56 EPS for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.07. The business had revenue of $363.80 million for the quarter, compared to analyst estimates of $365.47 million. TCF Financial had a return on equity of 14.01% and a net margin of 20.10%. TCF Financial’s quarterly revenue was down .3% compared to the same quarter last year. During the same period last year, the company posted $0.49 earnings per share. On average, sell-side analysts forecast that TCF Financial will post 1.95 earnings per share for the current year.
About TCF Financial
TCF Financial Corporation operates as the bank holding company for TCF National Bank that provides various financial products and services in the United States and Canada. It operates through Consumer Banking, Wholesale Banking, and Enterprise Services segments. The company offers checking, savings, and money market accounts; certificates of deposit; and individual retirement accounts.
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