The Deutsche Bank AG Raises TCF Financial Corp. (TCB) Price Target to $17.00

The Deutsche Bank AG Raises TCF Financial Corp. (TCB) Price Target to $17.00

TCF Financial Corp. (NYSE:TCB) had its target price upped by Deutsche Bank AG from $15.00 to $17.00 in a research note published on Tuesday. They currently have a buy rating on the stock.

Several other equities research analysts have also recently issued reports on the stock. JPMorgan Chase & Co. cut their price objective on shares of TCF Financial Corp. from $13.50 to $13.00 and set a neutral rating for the company in a research report on Thursday, July 7th. Piper Jaffray Cos. restated a neutral rating and set a $15.00 price objective on shares of TCF Financial Corp. in a research report on Saturday, October 8th. Credit Agricole SA raised their price objective on shares of TCF Financial Corp. from $14.00 to $15.00 and gave the stock an underperform rating in a research report on Friday, September 23rd. Barclays PLC raised their price objective on shares of TCF Financial Corp. from $14.00 to $15.00 and gave the stock an overweight rating in a research report on Monday, July 25th. Finally, Jefferies Group reaffirmed a hold rating and set a $13.50 target price on shares of TCF Financial Corp. in a research note on Thursday, July 7th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of Hold and an average price target of $14.79.

TCF Financial Corp. (NYSE:TCB) opened at 14.10 on Tuesday. The company has a market cap of $2.36 billion, a price-to-earnings ratio of 12.37 and a beta of 1.12. TCF Financial Corp. has a 1-year low of $10.37 and a 1-year high of $15.94. The company’s 50 day moving average is $14.49 and its 200 day moving average is $13.57.

TCF Financial Corp. (NYSE:TCB) last released its quarterly earnings data on Friday, July 22nd. The company reported $0.31 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.02. TCF Financial Corp. had a net margin of 15.34% and a return on equity of 10.14%. The firm earned $330.90 million during the quarter, compared to analysts’ expectations of $214.32 million. During the same period last year, the business earned $0.29 earnings per share. TCF Financial Corp.’s revenue was up 3.6% compared to the same quarter last year. Equities research analysts forecast that TCF Financial Corp. will post $1.18 EPS for the current year.

A number of hedge funds have recently modified their holdings of the stock. Aperio Group LLC boosted its stake in shares of TCF Financial Corp. by 2.3% in the first quarter. Aperio Group LLC now owns 28,436 shares of the company’s stock valued at $349,000 after buying an additional 636 shares during the period. Ngam Advisors L.P. boosted its stake in shares of TCF Financial Corp. by 12.5% in the first quarter. Ngam Advisors L.P. now owns 17,566 shares of the company’s stock valued at $215,000 after buying an additional 1,953 shares during the period. Prudential Financial Inc. boosted its stake in shares of TCF Financial Corp. by 9.3% in the first quarter. Prudential Financial Inc. now owns 1,816,665 shares of the company’s stock valued at $22,272,000 after buying an additional 154,700 shares during the period. BlackRock Inc. boosted its stake in shares of TCF Financial Corp. by 56.4% in the first quarter. BlackRock Inc. now owns 112,481 shares of the company’s stock valued at $1,379,000 after buying an additional 40,579 shares during the period. Finally, BlackRock Group LTD boosted its stake in shares of TCF Financial Corp. by 194.4% in the first quarter. BlackRock Group LTD now owns 274,033 shares of the company’s stock valued at $3,359,000 after buying an additional 180,965 shares during the period. 78.20% of the stock is currently owned by hedge funds and other institutional investors.

About TCF Financial Corp.

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