TCF Financial (TCF) Earns “Buy” Rating from Piper Jaffray Companies
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.
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.
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