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TCF Financial (TCF) Catches Eye: Stock Jumps 5.3%

Zacks Equity Research

TCF Financial Corporation TCF was a big mover last session, as the company saw its shares rise more than 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $19.49 to $21.85 in the past one-month time frame.

The move came after the company reported solid fourth-quarter 2018 results. Moreover, TCF Financial also announced that it has reached a deal to merge with Chemical Financial, which also partly contributed to the rally. 

The company has seen a mixed track record when it comes to estimate revisions of one increase and no decrease over the past few weeks, while the Zacks Consensus Estimate for the current quarter remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

TCF Financial currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.

TCF Financial Corporation Price

TCF Financial Corporation Price | TCF Financial Corporation Quote

A better-ranked stock in the Banks – Midwest industry is Enterprise Financial Services Corp EFSC, which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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