Price Target Update on TCF Financial Corporation (NYSE:TCB)

TCF Financial Corporation (NYSE:TCB) : 9 Wall Street analysts covering TCF Financial Corporation (NYSE:TCB) believe that the average level the stock could reach for the short term is $14.67. The maximum price target given is $17 and the minimum target for short term is around $13, hence the standard deviation is calculated at $1.32.

Other Equity analysts have also commented on the company shares. Equity analysts at the Brokerage firm JP Morgan maintains its rating on TCF Financial Corporation (NYSE:TCB). The rating major has initiated the coverage with neutral rating on the shares. The Analysts at JP Morgan lowers the price target from $13.5 per share to $13 per share. The rating by the firm was issued on April 5, 2016.

TCF Financial Corporation (NYSE:TCB): stock turned positive on Thursday. Though the stock opened at $13.27, the bulls momentum made the stock top out at $13.56 level for the day. The stock recorded a low of $13.2 and closed the trading day at $13.55, in the green by 4.07%. The total traded volume for the day was 2,364,442. The stock had closed at $13.02 in the previous days trading.

The company shares have dropped -23.55% from its 1 Year high price. On Jun 26, 2015, the shares registered one year high at $17.19 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $13.58 and the 200 Day Moving Average price is recorded at $12.85. On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director officer (Chairman & CEO) of Tcf Financial Corp, Cooper William Allen had sold 84,066 shares worth of $1,303,023 in a transaction dated November 27, 2015. In this transaction, 84,066 shares were sold at $15.5 per share.

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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