TCF Financial Co. (NYSE:TCF) Director Vance K. Opperman bought 10,000 shares of the business’s stock in a transaction that occurred on Thursday, October 31st. The shares were bought at an average cost of $42.51 per share, for a total transaction of $425,100.00.
TCF opened at $42.51 on Thursday. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.97 and a quick ratio of 0.97. The company’s 50-day moving average is $38.46 and its 200 day moving average is $29.41. TCF Financial Co. has a fifty-two week low of $34.62 and a fifty-two week high of $48.16. The firm has a market capitalization of $3.01 billion, a P/E ratio of 22.37, a PEG ratio of 1.36 and a beta of 1.30.
TCF Financial (NYSE:TCF) last released its quarterly earnings results on Monday, October 28th. The bank reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.01. TCF Financial had a net margin of 20.10% and a return on equity of 14.01%. The company had revenue of $459.81 million for the quarter, compared to analyst estimates of $483.69 million. During the same period last year, the firm earned $1.00 earnings per share. The firm’s revenue was up 48.0% on a year-over-year basis. On average, equities research analysts expect that TCF Financial Co. will post 1.95 earnings per share for the current year.
Several brokerages recently issued reports on TCF. Raymond James set a $28.00 target price on shares of TCF Financial and gave the stock a “buy” rating in a research note on Friday, July 26th. Piper Jaffray Companies set a $52.00 target price on shares of TCF Financial and gave the stock a “buy” rating in a research note on Friday, September 13th. TheStreet lowered shares of TCF Financial from a “b” rating to a “c+” rating in a research note on Tuesday, October 29th. JPMorgan Chase & Co. reissued an “overweight” rating and set a $47.00 target price on shares of TCF Financial in a research note on Friday, August 16th. Finally, Morgan Stanley cut their target price on shares of TCF Financial from $45.00 to $44.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 3rd. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $39.18.
A number of hedge funds and other institutional investors have recently bought and sold shares of TCF. Nelson Van Denburg & Campbell Wealth Management Group LLC bought a new stake in TCF Financial during the third quarter valued at approximately $26,000. Signaturefd LLC increased its stake in shares of TCF Financial by 188.1% in the third quarter. Signaturefd LLC now owns 700 shares of the bank’s stock worth $27,000 after buying an additional 457 shares during the period. Stonebridge Capital Advisors LLC purchased a new position in TCF Financial during the 2nd quarter valued at $27,000. Optimum Investment Advisors purchased a new position in TCF Financial during the 3rd quarter valued at $45,000. Finally, Huntington National Bank purchased a new position in TCF Financial during the 3rd quarter valued at $75,000. Institutional investors and hedge funds own 80.46% of the company’s stock.
About TCF Financial
TCF Financial Corporation operates as the bank holding company for TCF National Bank that provides various financial products and services in the United States and Canada. It operates through Consumer Banking, Wholesale Banking, and Enterprise Services segments. The company offers checking, savings, and money market accounts; certificates of deposit; and individual retirement accounts.
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