It's an interesting time to be an investor in regional banks. There is a great deal of variation in the quality of small financial companies right now with some firms still suffering from the after effects of the recession, while others have seen significant price appreciation in anticipation of greater profitability in the next few years.
TCF Financial (TCB) most definitely falls into this second category. Unfortunately for investors though, while the firm has a lot of things going for it right now, its valuation is just too stretched to justify investment currently. Instead investors should get familiar with its story, and then look for a pullback in the stock (perhaps such an opportunity will be right...
Only subscribers can access this article, which is part of the PRO research library covering 3,569 different stocks.
Growing numbers of fund managers and other investment professionals subscribe to Seeking Alpha PRO for equity research that is unavailable elsewhere, so they can: