Piper Jaffray Companies Analysts Give TCF Financial Corporation (TCF) a $17.00 Price Target

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

Other research analysts also recently issued reports about the stock. Deutsche Bank AG reiterated a hold rating and set a $17.00 price objective (down from $18.00) on shares of TCF Financial Corporation in a research note on Tuesday, July 25th. Morgan Stanley reiterated an equal weight rating and set a $17.00 price objective (up from $16.50) on shares of TCF Financial Corporation in a research note on Friday, July 7th. Zacks Investment Research downgraded shares of TCF Financial Corporation from a hold rating to a sell rating in a research note on Monday, September 25th. Royal Bank Of Canada reiterated a buy rating and set a $19.00 price objective on shares of TCF Financial Corporation in a research note on Friday, September 8th. Finally, Wedbush began coverage on shares of TCF Financial Corporation in a research note on Wednesday, June 28th. They set an underperform rating and a $14.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. The stock has an average rating of Hold and a consensus price target of $17.00.

Shares of TCF Financial Corporation (NYSE:TCF) opened at 17.13 on Friday. The stock has a market capitalization of $2.89 billion, a PE ratio of 14.84 and a beta of 1.25. The company has a 50-day moving average of $15.96 and a 200-day moving average of $15.99. TCF Financial Corporation has a 12 month low of $13.73 and a 12 month high of $20.03.

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

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In other TCF Financial Corporation news, Director Barry N. Winslow purchased 12,000 shares of TCF Financial Corporation stock in a transaction dated Thursday, September 14th. The shares were bought at an average cost of $25.00 per share, for a total transaction of $300,000.00. Following the transaction, the director now owns 2,365 shares in the company, valued at approximately $59,125. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 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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