One Reason Why TCF Financial (TCB) Stock Closed Lower Today

NEW YORK (TheStreet) -- Shares of TCF Financial (TCB) closed down 1.47% to $13.45 on heavy trading volume Monday as FBR Capital cut its rating on the stock to "market perform" from "outperform," the Fly reports.

The firm also reduced its price target to $14 from $16 on shares of the Wayzata, MN-based bank holding company.

The downgrade comes even after the company reported better-than-expected earnings and revenue for the 2016 second quarter last week.

But FBR Capital cited intensifying margin pressure and a slowing earnings growth outlook following the results as reasons for the lower rating, the Fly noted.

About 2 million of the company's shares were traded today, above its average 30-day volume of 1.49 million shares per day.

Separately, TheStreet Ratings Team has a "Buy" rating with a score of B- on the stock.

The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, good cash flow from operations and attractive valuation levels.

The team believes its strengths outweigh the fact that the company has had lackluster performance in the stock itself.

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

You can view the full analysis from the report here: TCB

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