A number of other equities analysts have also recently commented on the company. Wells Fargo & Co set a $25.00 target price on TCF Financial and gave the company a hold rating in a report on Tuesday, October 2nd. Royal Bank of Canada reissued an outperform rating and set a $25.00 target price on shares of TCF Financial in a report on Tuesday, October 23rd. Zacks Investment Research raised TCF Financial from a hold rating to a buy rating and set a $21.00 target price for the company in a report on Monday, December 31st. Raymond James reduced their target price on TCF Financial from $28.00 to $24.00 and set an outperform rating for the company in a report on Tuesday, October 23rd. Finally, Keefe, Bruyette & Woods raised TCF Financial from a market perform rating to an outperform rating and set a $26.00 target price for the company in a report on Thursday, November 8th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of $24.99.
NYSE TCF traded up $0.15 during trading hours on Thursday, reaching $20.75. The company’s stock had a trading volume of 888,400 shares, compared to its average volume of 1,106,838. The stock has a market capitalization of $3.47 billion, a price-to-earnings ratio of 17.28, a PEG ratio of 0.93 and a beta of 1.15. TCF Financial has a 1-year low of $18.17 and a 1-year high of $27.34. The company has a current ratio of 0.99, a quick ratio of 0.98 and a debt-to-equity ratio of 0.50.
Several hedge funds have recently bought and sold shares of the company. First Hawaiian Bank grew its position in shares of TCF Financial by 3.7% in the fourth quarter. First Hawaiian Bank now owns 19,767 shares of the bank’s stock valued at $385,000 after purchasing an additional 703 shares in the last quarter. American International Group Inc. grew its position in TCF Financial by 0.7% in the third quarter. American International Group Inc. now owns 340,831 shares of the bank’s stock worth $8,115,000 after acquiring an additional 2,263 shares during the period. OppenheimerFunds Inc. grew its position in TCF Financial by 6.4% in the second quarter. OppenheimerFunds Inc. now owns 38,053 shares of the bank’s stock worth $937,000 after acquiring an additional 2,288 shares during the period. Foundry Partners LLC grew its position in TCF Financial by 0.3% in the third quarter. Foundry Partners LLC now owns 856,616 shares of the bank’s stock worth $20,396,000 after acquiring an additional 2,432 shares during the period. Finally, Aperio Group LLC grew its position in TCF Financial by 4.5% in the third quarter. Aperio Group LLC now owns 62,638 shares of the bank’s stock worth $1,491,000 after acquiring an additional 2,696 shares during the period. Institutional investors and hedge funds own 79.05% of the company’s stock.
About TCF Financial
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.
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