ValuEngine cut shares of TCF Financial (NYSE:TCF) from a buy rating to a hold rating in a research note issued to investors on Wednesday morning.
Other equities analysts have also issued reports about the stock. Barclays lifted their price objective on shares of TCF Financial from $23.00 to $24.00 and gave the company an equal weight rating in a research report on Tuesday, April 24th. Zacks Investment Research lowered shares of TCF Financial from a buy rating to a hold rating in a research report on Friday, April 6th. UBS Group assumed coverage on shares of TCF Financial in a research report on Thursday, March 22nd. They issued a neutral rating and a $24.00 price objective on the stock. Deutsche Bank lifted their price objective on shares of TCF Financial from $22.00 to $26.00 and gave the company a hold rating in a research report on Tuesday, April 24th. Finally, Morgan Stanley reiterated an equal weight rating and issued a $23.00 price objective (up from $22.00) on shares of TCF Financial in a research report on Wednesday, March 7th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of Hold and an average price target of $24.75.
Shares of TCF Financial stock opened at $24.68 on Wednesday. The firm has a market capitalization of $4.15 billion, a PE ratio of 20.57, a price-to-earnings-growth ratio of 1.67 and a beta of 1.07. TCF Financial has a 12 month low of $14.58 and a 12 month high of $27.34. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.02 and a current ratio of 1.02.
TCF Financial (NYSE:TCF) last announced its earnings results on Monday, April 23rd. The bank reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. TCF Financial had a net margin of 19.62% and a return on equity of 10.86%. The business had revenue of $355.40 million for the quarter, compared to analysts’ expectations of $349.56 million. The firm’s revenue was up 9.2% compared to the same quarter last year. equities research analysts expect that TCF Financial will post 1.79 EPS for the current fiscal year.
In other TCF Financial news, Director Peter Bell sold 9,716 shares of the business’s stock in a transaction on Tuesday, May 8th. The shares were sold at an average price of $25.39, for a total transaction of $246,689.24. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Barry N. Winslow sold 12,000 shares of the business’s stock in a transaction on Friday, May 11th. The stock was sold at an average price of $25.99, for a total transaction of $311,880.00. The disclosure for this sale can be found here. 2.34% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently modified their holdings of the business. Parametrica Management Ltd acquired a new position in shares of TCF Financial during the 1st quarter worth $200,000. PagnatoKarp Partners LLC acquired a new position in shares of TCF Financial during the 1st quarter worth $213,000. Advisor Group Inc. acquired a new position in shares of TCF Financial during the 4th quarter worth $268,000. Ffcm LLC raised its stake in shares of TCF Financial by 1,858.3% during the 1st quarter. Ffcm LLC now owns 13,571 shares of the bank’s stock worth $310,000 after buying an additional 12,878 shares during the last quarter. Finally, KBC Group NV acquired a new position in shares of TCF Financial during the 1st quarter worth $316,000. Institutional investors own 85.16% of the company’s stock.
TCF Financial Company Profile
TCF Financial Corporation operates as the 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 deposits; and individual retirement accounts.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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