CLSA Maintains TCF Financial Corporation to Underperform with Price Target $15.00

Brokerage firm CLSA Maintains its rating on TCF Financial Corporation(NYSE:TCB). In a research note issued to the investors, the brokerage major Raises the price-target to $15.00 per share. The shares have been rated Underperform. The rating by CLSA was issued on Sep 23, 2016.

In a different note, On Jul 25, 2016, Barclays said it Maintains its rating on TCF Financial Corporation. In the research note, the firm Raises the price-target to $14.00 per share. The shares have been rated ‘Overweight’ by the firm. On Jul 25, 2016, Keefe Bruyette & Woods said it Maintains its rating on TCF Financial Corporation. In the research note, the firm Raises the price-target to $15.00 per share. The shares have been rated ‘Market Perform’ by the firm. On Jul 25, 2016, FBR Capital said it Downgrades its rating on TCF Financial Corporation. The shares have been rated ‘Market Perform’ by the firm. On Jul 7, 2016, JP Morgan said it Maintains its rating on TCF Financial Corporation. In the research note, the firm Lowers the price-target to $13.50 per share. The shares have been rated ‘Neutral’ by the firm.

TCF Financial Corporation (TCB) made into the market gainers list on Tuesdays trading session with the shares advancing 0.35% or 0.05 points. Due to strong positive momentum, the stock ended at $14.22, which is also near the day’s high of $14.27. The stock began the session at $14.1 and the volume stood at 5,35,966 shares. The 52-week high of the shares is $15.94 and the 52 week low is $10.37. The company has a current market capitalization of $2,432 M and it has 17,10,44,450 shares in outstanding.

TCF Financial Corporation(TCB) last announced its earnings results on Jul 22, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $330.94M. Analysts had an estimated revenue of $214.14M. Earnings per share were $0.31. Analysts had estimated an EPS of $0.29.

Several Insider Transactions has been reported to the SEC. On Nov 30, 2015, William Allen Cooper (Chairman & CEO) sold 84,066 shares at $15.50 per share price.Also, On Nov 12, 2015, William F Bieber (director) sold 6,920 shares at $15.43 per share price.On Nov 10, 2015, Joseph T Green (SVP/General Counsel) purchased 5,000 shares at $15.36 per share price, according to the Form-4 filing with the securities and exchange commission.

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: 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 Company’s 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 Bank’s 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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