TCF Financial Corporation (TCB) is Reiterated by FBR Capital to Outperform, Raises Price Target to $ 16

TCF Financial Corporation (TCB) was Reiterated by FBR Capital to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 16 from a previous price target of $15 . FBR Capital advised their investors in a research report released on Apr 22, 2016.

Many Wall Street Analysts have commented on TCF Financial Corporation. Shares were Reiterated by Compass Point on Feb 9, 2016 to “Neutral” and Lowered the Price Target to $ 12.50 from a previous price target of $13 .Shares were Reiterated by RBC Capital Mkts on Jan 29, 2016 to “Outperform” and Lowered the Price Target to $ 16 from a previous price target of $19 .

On the company’s financial health, TCF Financial Corporation reported $0.26 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Apr 21, 2016. Analyst had a consensus of $0.25. The company had revenue of $324.30 million for the quarter, compared to analysts expectations of $318.02 million. The company’s revenue was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.21 EPS.

TCF Financial Corporation opened for trading at $13.41 and hit $13.61 on the upside on Wednesday, eventually ending the session at $13.31, with a gain of 0.15% or 0.02 points. The heightened volatility saw the trading volume jump to 12,26,864 shares. Company has a market cap of $2,271 M.

In a different news, on Nov 30, 2015, William Allen Cooper (Chairman & CEO) sold 84,066 shares at $15.50 per share price. According to the SEC, on Nov 12, 2015, William F Bieber (director) sold 6,920 shares at $15.43 per share price. On Nov 10, 2015, Joseph T Green (SVP/General Counsel) purchased 5,000 shares at $15.36 per share price, according to the Form-4 filing with the securities and exchange commission.

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. 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 Company’s 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 Bank’s 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.

TCF Financial Corporation

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