Analyst Price Target Update on TCF Financial Corporation (NYSE:TCB)

TCF Financial Corporation (NYSE:TCB): The stock price is expected to reach $ 14.67 in the short term. The number of analysts agreeing with this consensus is 9. The higher estimate for the short term price target is at $17 while the lower estimate is at $13. The standard deviation of the price stands at $1.32.

Many analysts have stated their opinion on the company shares. JP Morgan maintains its view on TCF Financial Corporation (NYSE:TCB) according to the research report released by the firm to its investors. The shares have now been rated Neutral by the stock experts at the ratings house. JP Morgan lowers the price target from $13.5 per share to $13 per share on TCF Financial Corporation. The rating by the firm was issued on April 5, 2016. Company shares have received an average consensus rating of Hold for the current week

On the companys insider trading activities, Cooper William Allen, director officer (Chairman & CEO) of Tcf Financial Corp, unloaded 84,066 shares at an average price of $15.5 on November 27, 2015. The total amount of the transaction was worth $1,303,023, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

TCF Financial Corporation (NYSE:TCB) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.22 points or 1.6% at $13.54 with 1,186,348 shares getting traded. Post opening the session at $13.66, the shares hit an intraday low of $13.52 and an intraday high of $13.845 and the price was in this range throughout the day. The company has a market cap of $2,316 million and the number of outstanding shares have been calculated to be 171,050,970 shares. The 52-week high of TCF Financial Corporation (NYSE:TCB) is $17.29 and the 52-week low is $10.37.

TCF Financial Corporation (TCF) is a bank holding company. The Companys principal subsidiary is TCF National Bank (TCF Bank). The Company operates in three segments: Lending, Funding and Support Services. Lending includes consumer real estate, commercial real estate and business lending, leasing and equipment finance, inventory finance and auto finance. Funding includes branch banking and treasury services, which includes the Companys investment and borrowing portfolios and management of capital, debt and market risks, including interest rate and liquidity risks. Support Services includes Holding Company and corporate functions. TCF Banks subsidiaries principally engage in leasing, inventory finance and auto finance activities. TCF delivers retail banking products in over 40 states; commercial leasing and equipment finance business in all 50 states; commercial inventory finance business in all 50 states and Canada and indirect auto finance business in all 50 states.

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