TCF Financial Corporation (TCB) Receives Analyst Rating

TCF Financial Corporation (TCB) : 2 brokerage houses believe that TCF Financial Corporation (TCB) is a Strong Buy at current levels. 6 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on TCF Financial Corporation (TCB). Zacks Investment Research suggests a Hold with a rank of 3. 2 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock.The median of all the 10 Wall Street Analysts endorse the stock as a Hold with a rating of 2.8.

TCF Financial Corporation (TCB) : The most positive equity analysts on TCF Financial Corporation (TCB) expects the shares to touch $16, whereas, the least positive believes that the stock will trade at $14 in the short term. The company is covered by 8 Wall Street Brokerage Firms. The average price target for shares are $14.5 with an expected fluctuation of $0.71 from the mean.


Also, In a research note released to the investors, FBR Capital downgrades its rating on TCF Financial Corporation (NYSE:TCB).The analysts at the brokerage house have a current rating of Market Perform on the shares. Earlier, the shares were rated a Outperform by the brokerage firm. The rating by the firm was issued on July 25, 2016.

TCF Financial Corporation (NYSE:TCB): After opening at $14.33, the stock dipped to an intraday low of $14.29 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $14.54 and the buying power remained strong till the end. The stock closed at $14.5 for the day, a gain of 1.19% for the day session. The total traded volume was 666,944. The stocks close on the previous trading day was $14.33.

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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