Analyst Rating Update on TCF Financial Corporation (TCB)

TCF Financial Corporation (TCB) : 11 analysts are covering TCF Financial Corporation (TCB) and their average rating on the stock is 2.82, which is read as a Hold. 2 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. 2 more analyst has given the stock a Sell recommendation. A total of 7 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

TCF Financial Corporation (TCB) : Currently there are 9 street experts covering TCF Financial Corporation (TCB) stock. The most bullish and bearish price target for the stock is $16 and $13 respectively for the short term. The average price target of all the analysts comes to $14.33. The estimated standard deviation from the target is $0.83.

Company shares have received an average consensus rating of Hold for the current week


TCF Financial Corporation (NYSE:TCB): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $13.41 and $13.41 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $13.64. The buying momentum continued till the end and the stock did not give up its gains. It closed at $13.62, notching a gain of 1.87% for the day. The total traded volume was 970,263 . The stock had closed at $13.37 on the previous day.

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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