TCF Financial Corporation (TCB) Receives Price Target

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.

TCF Financial Corporation (TCB) : The consensus on TCF Financial Corporation (TCB) based on 10 analyst recommendation on the company stock is 2.8, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 2 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 6 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 2 analyst also believes that the downside risk to the stock is higher and suggests a Sell on TCF Financial Corporation (TCB).


Also, FBR Capital downgrades 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 Market Perform by the stock experts at the ratings house. Earlier, the shares had a rating of Outperform. The rating by the firm was issued on July 25, 2016.

TCF Financial Corporation (NYSE:TCB): The stock opened at $14.72 on Thursday but the bulls could not build on the opening and the stock topped out at $14.76 for the day. The stock traded down to $14.42 during the day, due to lack of any buying support eventually closed down at $14.60 with a loss of -0.34% for the day. The stock had closed at $14.65 on the previous day. The total traded volume was 842,205 shares.

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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