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NEW YORK ( TheStreet) -- TCF Financial Corporation (NYSE: TCB) hit a new 52-week low Tuesday as it is currently trading at $8.65, below its previous 52-week low of $8.66 with 63,139 shares traded as of 9:56 a.m. ET. Average volume has been 1.9 million shares over the past 30 days. TCF Financial has a market cap of $1.5 billion and is part of the financial sector and banking industry. Shares are down 40.6% year to date as of the close of trading on Monday. TCF Financial Corporation operates as the bank holding company for TCF National Bank that provides various retail and commercial banking products and services in the United States and Canada. The company has a P/E ratio of 10.7, equal to the average banking industry P/E ratio and below the S&P 500 P/E ratio of 17.7.