Deutsche Bank AG Raises TCF Financial Corporation (NYSE:TCF) Price Target to $18.00

TCF Financial Corporation (NYSE:TCF) had its price objective lifted by Deutsche Bank AG from $17.00 to $18.00 in a research report report published on Wednesday, November 8th. Deutsche Bank AG currently has a hold rating on the bank’s stock.

A number of other analysts have also recently issued reports on TCF. Zacks Investment Research cut TCF Financial from a buy rating to a hold rating in a research report on Thursday, July 27th. JMP Securities started coverage on TCF Financial in a research report on Thursday, August 31st. They set a mkt perform rating for the company. BMO Capital Markets reissued a hold rating and set a $18.00 price objective on shares of TCF Financial in a research report on Friday, September 1st. Royal Bank Of Canada reissued a buy rating and set a $19.00 price objective on shares of TCF Financial in a research report on Friday, September 8th. Finally, Piper Jaffray Companies set a $17.00 target price on TCF Financial and gave the company a hold rating in a report on Friday, October 6th. One analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the stock. TCF Financial currently has an average rating of Hold and a consensus price target of $18.42.

Shares of TCF Financial (NYSE TCF) opened at $18.43 on Wednesday. The company has a market capitalization of $3,180.00, a price-to-earnings ratio of 16.06, a PEG ratio of 1.82 and a beta of 1.25. The company has a quick ratio of 1.03, a current ratio of 1.04 and a debt-to-equity ratio of 0.59. TCF Financial has a 12-month low of $14.58 and a 12-month high of $20.03.

TCF Financial (NYSE:TCF) last issued its earnings results on Friday, October 27th. The bank reported $0.29 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.02). The business had revenue of $343.30 million during the quarter, compared to analyst estimates of $340.45 million. TCF Financial had a return on equity of 9.63% and a net margin of 15.27%. The business’s quarterly revenue was up .4% on a year-over-year basis. During the same period last year, the business earned $0.31 EPS. research analysts expect that TCF Financial will post 1.22 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Wednesday, November 15th will be paid a dividend of $0.075 per share. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $0.30 annualized dividend and a yield of 1.63%. TCF Financial’s dividend payout ratio is 26.55%.

In related news, Director Barry N. Winslow acquired 12,000 shares of the firm’s stock in a transaction on Thursday, September 14th. The shares were bought at an average cost of $25.00 per share, with a total value of $300,000.00. Following the completion of the acquisition, the director now owns 2,365 shares of the company’s stock, valued at $59,125. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 2.50% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in TCF. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of TCF Financial by 9.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,487 shares of the bank’s stock worth $103,000 after acquiring an additional 580 shares in the last quarter. Zions Bancorporation acquired a new position in shares of TCF Financial in the 3rd quarter worth approximately $116,000. Evercore Wealth Management LLC acquired a new position in shares of TCF Financial in the 3rd quarter worth approximately $128,000. Tower Research Capital LLC TRC boosted its holdings in shares of TCF Financial by 540.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 8,282 shares of the bank’s stock worth $132,000 after acquiring an additional 6,988 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. acquired a new position in shares of TCF Financial in the 3rd quarter worth approximately $140,000. 77.91% of the stock is currently owned by institutional investors and hedge funds.

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About TCF Financial

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: Consumer Banking, Wholesale Banking and Enterprise Services. Consumer Banking comprises all of the Company’s consumer-facing businesses.

Analyst Recommendations for TCF Financial (NYSE:TCF)

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