Barclays Increases TCF Financial (TCF) Price Target to $23.00

TCF Financial (NYSE:TCF) had its price objective hoisted by stock analysts at Barclays from $22.00 to $23.00 in a note issued to investors on Wednesday. The brokerage presently has an “equal weight” rating on the bank’s stock. Barclays’ target price points to a potential downside of 0.17% from the stock’s current price.

Several other research analysts have also weighed in on TCF. Zacks Investment Research lowered TCF Financial from a “buy” rating to a “hold” rating in a research report on Friday, April 6th. UBS assumed coverage on TCF Financial in a research report on Thursday, March 22nd. They issued a “neutral” rating and a $24.00 price objective for the company. Jefferies Group reissued a “hold” rating on shares of TCF Financial in a research report on Thursday, February 1st. Morgan Stanley lifted their price objective on TCF Financial from $21.50 to $22.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 1st. Finally, ValuEngine raised TCF Financial from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $22.39.

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Shares of TCF opened at $23.04 on Wednesday. The stock has a market cap of $3,860.33, a price-to-earnings ratio of 18.82, a P/E/G ratio of 1.61 and a beta of 1.05. TCF Financial has a 12 month low of $14.58 and a 12 month high of $23.80. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.03 and a current ratio of 1.03.

TCF Financial (NYSE:TCF) last announced its earnings results on Tuesday, January 30th. The bank reported $0.33 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.02). The company had revenue of $362.75 million for the quarter, compared to analyst estimates of $355.48 million. TCF Financial had a return on equity of 9.85% and a net margin of 18.31%. equities research analysts forecast that TCF Financial will post 1.7 EPS for the current year.

A number of institutional investors have recently modified their holdings of TCF. Zions Bancorporation bought a new stake in TCF Financial in the 3rd quarter valued at about $116,000. Cerebellum GP LLC bought a new stake in TCF Financial in the 4th quarter valued at about $128,000. Ladenburg Thalmann Financial Services Inc. bought a new stake in TCF Financial in the 3rd quarter valued at about $140,000. Janney Montgomery Scott LLC bought a new stake in TCF Financial in the 3rd quarter valued at about $174,000. Finally, State of Alaska Department of Revenue bought a new stake in TCF Financial in the 4th quarter valued at about $190,000. 84.90% of the stock is owned by institutional investors and hedge funds.

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About TCF Financial

TCF Financial Corporation operates as the holding company for TCF National Bank that provides various financial products and services in the United States and Canada. It operates through Consumer Banking, Wholesale Banking, and Enterprise Services segments. The company offers checking, savings, and money market accounts; certificates of deposits; and individual retirement accounts.

Analyst Recommendations for TCF Financial (NYSE:TCF)

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