Zacks Investment Research issued a report on TCF Financial Corporation (NYSE:TCB), raising its target price to $16.00 today
- Updated: October 13, 2016
Yesterday TCF Financial Corporation (NYSE:TCB) traded -3.69% lower at $14.19. The company’s 50-day moving average is $14.49 and its two hundred day average is $13.56. With the last close up 3.97% relative to the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Volume of trade was up over the average, with 1,096,051 shares of TCB changing hands over the typical 934,538
TCF Financial Corporation (NYSE:TCB) had its stock price target increased to $16.00 by Zacks Investment Research in a report released Thursday October 13, 2016. The new target price indicates a possible upside of 0.13% from the company's last stock close price.
Previously on Monday July 25, 2016, FBR Capital reported about TCF Financial Corporation (NYSE:TCB) lowered the target price from $16.00 to $14.00. At the time, this indicated a possible upside of 0.03%.
Recent Performance Chart
TCF Financial Corporation has 52 week low of $10.37 and a 52 week high of $15.94 with a PE ratio of 12.37 and has a market capitalization of $0.
A total of 15 brokerages have issued a ratings update on TCF Financial Corporation. Two brokerages rating the company a strong buy, three brokerages rating the company a buy, ten brokerages rating the company a hold, two brokerages rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $14.20.
General Company Details For TCF Financial Corporation (NYSE:TCB)
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. Its Lending segment includes consumer real estate, commercial real estate and business lending, leasing and equipment finance, inventory finance and auto finance. Its Funding segment 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. Its Support Services segment includes Holding Company and corporate functions that provide data processing, bank operations and other professional services to the operating segments. TCF Bank operates bank branches in Illinois, Minnesota, Michigan, Colorado, Wisconsin, Arizona, South Dakota and Indiana. TCF delivers retail banking products in over 40 states.
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