TCF Financial Corporation (TCF) PT Set at $17.00 by Piper Jaffray Companies

Piper Jaffray Companies set a $17.00 price objective on TCF Financial Corporation (NYSE:TCF) in a report released on Friday. The brokerage currently has a hold rating on the stock.

A number of other analysts also recently weighed in on TCF. Wedbush initiated coverage on TCF Financial Corporation in a report on Wednesday, June 28th. They set an underperform rating and a $14.00 price target for the company. Morgan Stanley reiterated an equal weight rating and set a $17.00 price target (up from $16.50) on shares of TCF Financial Corporation in a report on Friday, July 7th. Deutsche Bank AG reiterated a hold rating and set a $17.00 price target (down from $18.00) on shares of TCF Financial Corporation in a report on Tuesday, July 25th. Zacks Investment Research downgraded TCF Financial Corporation from a buy rating to a hold rating in a report on Thursday, July 27th. Finally, JMP Securities initiated coverage on TCF Financial Corporation in a report on Thursday, August 31st. They set a market perform rating for the company. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. TCF Financial Corporation currently has a consensus rating of Hold and a consensus price target of $17.00.

Shares of TCF Financial Corporation (NYSE:TCF) opened at 17.15 on Friday. The company’s 50 day moving average price is $16.03 and its 200-day moving average price is $16.00. TCF Financial Corporation has a 52 week low of $13.73 and a 52 week high of $20.03. The firm has a market capitalization of $2.89 billion, a PE ratio of 14.86 and a beta of 1.25.

TCF Financial Corporation (NYSE:TCF) last posted its quarterly earnings data on Monday, July 24th. The company reported $0.33 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.03. The business had revenue of $341.80 million during the quarter, compared to the consensus estimate of $336.12 million. TCF Financial Corporation had a return on equity of 9.59% and a net margin of 15.13%. TCF Financial Corporation’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.31 earnings per share. On average, equities research analysts expect that TCF Financial Corporation will post $1.20 EPS for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: “TCF Financial Corporation (TCF) PT Set at $17.00 by Piper Jaffray Companies” was reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this news story on another website, it was illegally stolen and republished in violation of US & international trademark & copyright laws. The legal version of this news story can be accessed at https://ledgergazette.com/2017/10/10/tcf-financial-corporation-tcf-pt-set-at-17-00-by-piper-jaffray-companies.html.

In other TCF Financial Corporation news, Director Barry N. Winslow purchased 12,000 shares of the firm’s stock in a transaction on Thursday, September 14th. The stock was purchased at an average cost of $25.00 per share, for a total transaction of $300,000.00. Following the acquisitio

A number of other analysts also recently weighed in on TCF. Wedbush initiated coverage on TCF Financial Corporation in a report on Wednesday, June 28th. They set an underperform rating and a $14.00 price target for the company. Morgan Stanley reiterated an equal weight rating and set a $17.00 price target (up from $16.50) on shares of TCF Financial Corporation in a report on Friday, July 7th. Deutsche Bank AG reiterated a hold rating and set a $17.00 price target (down from $18.00) on shares of TCF Financial Corporation in a report on Tuesday, July 25th. Zacks Investment Research downgraded TCF Financial Corporation from a buy rating to a hold rating in a report on Thursday, July 27th. Finally, JMP Securities initiated coverage on TCF Financial Corporation in a report on Thursday, August 31st. They set a market perform rating for the company. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. TCF Financial Corporation currently has a consensus rating of Hold and a consensus price target of $17.00.

Shares of TCF Financial Corporation (NYSE:TCF) opened at 17.15 on Friday. The company’s 50 day moving average price is $16.03 and its 200-day moving average price is $16.00. TCF Financial Corporation has a 52 week low of $13.73 and a 52 week high of $20.03. The firm has a market capitalization of $2.89 billion, a PE ratio of 14.86 and a beta of 1.25.

TCF Financial Corporation (NYSE:TCF) last posted its quarterly earnings data on Monday, July 24th. The company reported $0.33 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.03. The business had revenue of $341.80 million during the quarter, compared to the consensus estimate of $336.12 million. TCF Financial Corporation had a return on equity of 9.59% and a net margin of 15.13%. TCF Financial Corporation’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.31 earnings per share. On average, equities research analysts expect that TCF Financial Corporation will post $1.20 EPS for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: “TCF Financial Corporation (TCF) PT Set at $17.00 by Piper Jaffray Companies” was reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this news story on another website, it was illegally stolen and republished in violation of US & international trademark & copyright laws. The legal version of this news story can be accessed at https://ledgergazette.com/2017/10/10/tcf-financial-corporation-tcf-pt-set-at-17-00-by-piper-jaffray-companies.html.

In other TCF Financial Corporation news, Director Barry N. Winslow purchased 12,000 shares of the firm’s stock in a transaction on Thursday, September 14th. The stock was purchased at an average cost of $25.00 per share, for a total transaction of $300,000.00. Following the acquisition, the director now owns 2,365 shares in the company, valued at approximately $59,125. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 2.50% of the company’s stock.

About TCF Financial Corporation

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 Corporation (NYSE:TCF)

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