TCF Financial Corporation (TCB) has risen sharply, recording gains of 5.59% in the past 4 weeks. However, the stock has corrected -2.96% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 4.51% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 2.26% and the 50-Day Moving Average is 4.61%. TCF Financial Corporation (NYSE:TCB): On Fridays trading session , Opening price of the stock was $13.62 with an intraday high of $13.79. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $13.32. However, the stock managed to close at $13.79, a loss of 0.43% for the day. On the previous day, the stock had closed at $13.85. The total traded volume of the day was 537,333 shares.
The company Insiders own 4.4% of TCF Financial Corporation shares according to the proxy statements. Institutional Investors own 77.41% of TCF Financial Corporation shares. Also, Equity Analysts at the Brokerage Firm, FBR Capital, downgrades their rating on the shares of TCF Financial Corporation (NYSE:TCB). FBR Capital has a Market Perform rating on the shares. Previously, the analysts had a Outperform rating on the shares. The rating by the firm was issued on July 25, 2016.
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.