TCF Financial Corporation (NYSE:TCB) has tumbled 5.01% during the past week and has dropped 4.32% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 3.87%. TCF Financial Corporation (NYSE:TCB) has underperformed the index by 5.19% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
TCF Financial Corporation (NYSE:TCB): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $13.00 and $12.94 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $13.20. The buying momentum continued till the end and the stock did not give up its gains. It closed at $13.07, notching a gain of 0.77% for the day. The total traded volume was 2,101,682 . The stock had closed at $12.97 on the previous day.
The company shares have dropped -22.89% from its 1 Year high price. On Jun 23, 2015, the shares registered one year high at $17.29 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $13.62 and the 200 Day Moving Average price is recorded at $12.94.
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.
Many analysts have stated their opinion 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. Currently the company Insiders own 4.4% of TCF Financial Corporation shares according to the proxy statements. Institutional Investors own 78.23% of TCF Financial Corporation shares.
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.