Piper Jaffray Companies reaffirmed their buy rating on shares of TCF Financial (NYSE:TCF) in a research note published on Tuesday morning. They currently have a $25.00 price target on the bank’s stock.

Other analysts also recently issued research reports about the company. Zacks Investment Research raised TCF Financial from a hold rating to a buy rating and set a $23.00 price objective on the stock in a research note on Tuesday, January 2nd. DA Davidson upgraded TCF Financial from a neutral rating to a buy rating in a report on Tuesday, October 31st. Barclays lifted their target price on TCF Financial from $19.00 to $20.00 and gave the stock an overweight rating in a report on Monday, October 30th. Sandler O’Neill upgraded TCF Financial from a hold rating to a buy rating in a report on Tuesday, November 28th. Finally, Jefferies Group restated a hold rating and issued a $21.00 target price on shares of TCF Financial in a report on Friday, December 8th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of $19.85.

TCF Financial (NYSE:TCF) traded up $0.41 on Tuesday, hitting $21.93. The stock had a trading volume of 2,114,441 shares, compared to its average volume of 1,727,057. TCF Financial has a 12 month low of $14.58 and a 12 month high of $22.29. The company has a quick ratio of 1.03, a current ratio of 1.04 and a debt-to-equity ratio of 0.59. The company has a market cap of $3,730.00, a P/E ratio of 19.41, a PEG ratio of 1.74 and a beta of 1.29.

TCF Financial (NYSE:TCF) last posted its quarterly earnings data on Friday, October 27th. The bank reported $0.29 EPS for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.02). TCF Financial had a return on equity of 9.63% and a net margin of 15.27%. The firm had revenue of $343.30 million during the quarter, compared to the consensus estimate of $340.45 million. During the same period in the prior year, the firm posted $0.31 EPS. The firm’s quarterly revenue was up .4% on a year-over-year basis. research analysts expect that TCF Financial will post 0.9 earnings per share for the current fiscal year.

In related news, Director Peter Bell sold 15,000 shares of TCF Financial 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 sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 2.50% of the company’s stock.

Hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. grew 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 buying an additional 676,834 shares in the last quarter. Prudential Financial Inc. grew its holdings in shares of TCF Financial by 110.0% during the third quarter. Prudential Financial Inc. now owns 1,287,685 shares of the bank’s stock valued at $21,942,000 after buying an additional 674,360 shares in the last quarter. Schwab Charles Investment Management Inc. purchased a new position in shares of TCF Financial during the third quarter valued at $18,682,000. Disciplined Growth Investors Inc. MN purchased a new position in shares of TCF Financial during the third quarter valued at $30,950,000. Finally, Principal Financial Group Inc. grew its holdings in shares of TCF Financial by 1.1% during the third quarter. Principal Financial Group Inc. now owns 731,364 shares of the bank’s stock valued at $12,463,000 after buying an additional 7,874 shares in the last quarter. Institutional investors and hedge funds own 82.25% of the company’s stock.

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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.

Analyst Recommendations for TCF Financial (NYSE:TCF)

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