Today’s Market Runner: TCF Financial Corporation Surges to 52-Week High, Is Now Top Performer

Today's Market Runner: TCF Financial Corporation Surges to 52 Week High, Is Now Top Performer

The stock of TCF Financial Corporation (NYSE:TCB) hit a new 52-week high and has $27.35 target or 62.00% above today’s $16.88 share price. The 5 months bullish chart indicates low risk for the $2.95B company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $27.35 price target is reached, the company will be worth $1.83B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 1.02M shares traded hands. TCF Financial Corporation (NYSE:TCB) has risen 28.85% since April 19, 2016 and is uptrending. It has outperformed by 24.99% the S&P500.

TCF Financial Corporation (NYSE:TCB) Ratings Coverage

Out of 6 analysts covering TCF Financial (NYSE:TCB), 3 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 50% are positive. TCF Financial has been the topic of 10 analyst reports since August 26, 2015 according to StockzIntelligence Inc. The stock of TCF Financial Corporation (NYSE:TCB) earned “Outperform” rating by RBC Capital Markets on Friday, January 29. The firm has “Overweight” rating given on Friday, October 9 by Barclays Capital. The firm earned “Sell” rating on Tuesday, September 1 by Compass Point. The stock of TCF Financial Corporation (NYSE:TCB) has “Outperform” rating given on Saturday, September 5 by FBR Capital. The company was upgraded on Tuesday, February 9 by Compass Point.

According to Zacks Investment Research, “TCF is a Wayzata, Minnesota-based national financial holding company. TCF has banking offices in Minnesota, Illinois, Michigan, Wisconsin, Colorado and Indiana. Other TCF affiliates provide leasing and equipment finance, mortgage banking, discount brokerage, and investments and insurance sales. They are a national financial holding company of one federally chartered bank, TCF National Bank.”

Insitutional Activity: The institutional sentiment decreased to 0.93 in Q2 2016. Its down 0.33, from 1.26 in 2016Q1. The ratio dropped, as 15 funds sold all TCF Financial Corporation shares owned while 76 reduced positions. 28 funds bought stakes while 87 increased positions. They now own 128.44 million shares or 3.90% less from 133.65 million shares in 2016Q1.
Blackrock Mngmt Lc has invested 0.01% of its portfolio in TCF Financial Corporation (NYSE:TCB). Cornerstone Advisors holds 458 shares or 0.01% of its portfolio. Jane Street Ltd Liability Corporation accumulated 15,641 shares or 0% of the stock. Federated Pa has 0.01% invested in the company for 135,859 shares. Credit Agricole S A last reported 0.01% of its portfolio in the stock. The Illinois-based Cna Fincl Corporation has invested 0.19% in TCF Financial Corporation (NYSE:TCB). Hexavest last reported 20,218 shares in the company. Jacobs Levy Equity Mngmt Incorporated last reported 0.15% of its portfolio in the stock. Allianz Asset Mngmt Ag last reported 3.45M shares in the company. Cadence Mngmt Limited Liability Com, a Massachusetts-based fund reported 33,290 shares. Whittier Tru holds 2,000 shares or 0% of its portfolio. Pnc Incorporated last reported 2,820 shares in the company. Martingale Asset Mgmt Lp last reported 913,249 shares in the company. Moreover, Sg Americas Securities has 0.01% invested in TCF Financial Corporation (NYSE:TCB) for 60,242 shares. Asset Mngmt reported 4,500 shares or 0% of all its holdings.

More recent TCF Financial Corporation (NYSE:TCB) news were published by: Businesswire.com which released: “TCF Financial Corporation Names Brad Adams Director of Corporate Development …” on November 15, 2016. Also Nasdaq.com published the news titled: “TCF Financial Corporation (TCB) Ex-Dividend Date Scheduled for November 10, 2016” on November 09, 2016. Businesswire.com‘s news article titled: “TCF Financial Corporation Announces Executive Promotions for TCF Equipment Finance” with publication date: February 08, 2016 was also an interesting one.

TCB Company Profile

TCF Financial Corporation (TCF), incorporated on April 28, 1987, is a bank holding company. The Company’s principal subsidiary is TCF National Bank (TCF Bank). The Firm operates in three divisions: Lending, Funding and Support Services. The Company’s Lending segment includes consumer real estate, commercial real estate and business lending, leasing and equipment finance, inventory finance and auto finance. The Company’s Funding segment 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. The Company’s Support Services segment includes Holding Company and corporate functions that provide data processing, bank activities and other professional services to the operating divisions. TCF Bank operates bank branches in Illinois, Minnesota, Michigan, Colorado, Wisconsin, Arizona, South Dakota and Indiana.

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