Sei Investments Co. decreased its holdings in TCF Financial Co. (NYSE:TCF) by 13.7% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 58,836 shares of the bank’s stock after selling 9,346 shares during the period. Sei Investments Co.’s holdings in TCF Financial were worth $1,003,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in TCF. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of TCF Financial by 9.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,487 shares of the bank’s stock valued at $103,000 after purchasing an additional 580 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of TCF Financial by 540.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 8,282 shares of the bank’s stock valued at $132,000 after purchasing an additional 6,988 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of TCF Financial by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 9,156 shares of the bank’s stock valued at $146,000 after purchasing an additional 1,372 shares in the last quarter. Verition Fund Management LLC purchased a new stake in shares of TCF Financial in the 2nd quarter valued at $162,000. Finally, Janney Montgomery Scott LLC purchased a new stake in shares of TCF Financial in the 2nd quarter valued at $164,000. 82.34% of the stock is owned by institutional investors.
Shares of TCF Financial Co. (NYSE TCF) traded down $0.01 on Friday, reaching $20.46. 1,540,258 shares of the company’s stock traded hands, compared to its average volume of 1,476,343. The stock has a market cap of $3,519.46, a PE ratio of 17.96, a P/E/G ratio of 3.00 and a beta of 1.29. The company has a quick ratio of 1.03, a current ratio of 1.04 and a debt-to-equity ratio of 0.59. TCF Financial Co. has a fifty-two week low of $14.58 and a fifty-two week high of $21.29.
TCF Financial (NYSE:TCF) last announced its quarterly earnings results on Friday, October 27th. The bank reported $0.29 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.02). The firm had revenue of $343.30 million for the quarter, compared to analysts’ expectations of $340.45 million. TCF Financial had a net margin of 15.27% and a return on equity of 9.63%. The company’s quarterly revenue was up .4% on a year-over-year basis. During the same period in the previous year, the company earned $0.31 EPS. analysts predict that TCF Financial Co. will post 0.83 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th were given a dividend of $0.075 per share. The ex-dividend date was Tuesday, November 14th. This represents a $0.30 annualized dividend and a yield of 1.47%. TCF Financial’s payout ratio is currently 26.32%.
In other news, Director Barry N. Winslow purchased 12,000 shares of the company’s stock in a transaction on Thursday, September 14th. The stock was acquired at an average price of $25.00 per share, with a total value of $300,000.00. Following the transaction, the director now directly owns 2,365 shares of the company’s stock, valued at approximately $59,125. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.50% of the company’s stock.
A number of equities research analysts have recently issued reports on TCF shares. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $19.00 price objective on shares of TCF Financial in a research note on Friday, September 8th. Zacks Investment Research raised shares of TCF Financial from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research note on Wednesday, November 1st. DA Davidson raised shares of TCF Financial from a “neutral” rating to a “buy” rating in a research note on Tuesday, October 31st. Sandler O’Neill raised shares of TCF Financial from a “hold” rating to a “buy” rating in a research note on Tuesday, November 28th. Finally, Piper Jaffray Companies set a $17.00 price objective on shares of TCF Financial and gave the company a “hold” rating in a research note on Friday, October 6th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company. TCF Financial presently has a consensus rating of “Hold” and a consensus target price of $19.23.
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TCF Financial Profile
TCF Financial Corporation (TCF) is a bank holding company. The Company’s principal subsidiary is TCF National Bank (TCF Bank). The Company operates in three segments: Consumer Banking, Wholesale Banking and Enterprise Services. Consumer Banking comprises all of the Company’s consumer-facing businesses.
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