Gillson Capital LP lessened its stake in TCF Financial Co. (NYSE:TCF) by 0.8% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 976,379 shares of the bank’s stock after selling 7,424 shares during the quarter. TCF Financial makes up about 3.4% of Gillson Capital LP’s investment portfolio, making the stock its 11th largest position. Gillson Capital LP owned about 0.57% of TCF Financial worth $20,016,000 as of its most recent filing with the SEC.
Other hedge funds also recently added to or reduced their stakes in the company. CNA Financial Corp purchased a new position in shares of TCF Financial in the fourth quarter worth $730,000. Schwab Charles Investment Management Inc. purchased a new stake in TCF Financial during the third quarter valued at $18,682,000. JPMorgan Chase & Co. raised its stake in TCF Financial by 12.1% during the third quarter. JPMorgan Chase & Co. now owns 6,274,734 shares of the bank’s stock valued at $106,545,000 after purchasing an additional 676,834 shares in the last quarter. Prudential Financial Inc. raised its stake in TCF Financial by 110.0% during the third quarter. Prudential Financial Inc. now owns 1,287,685 shares of the bank’s stock valued at $21,942,000 after purchasing an additional 674,360 shares in the last quarter. Finally, Carlson Capital Management purchased a new stake in TCF Financial during the fourth quarter valued at $2,385,000. 84.91% of the stock is currently owned by hedge funds and other institutional investors.
TCF Financial Co. (NYSE TCF) traded down $0.17 during mid-day trading on Wednesday, reaching $23.23. 1,143,795 shares of the company’s stock were exchanged, compared to its average volume of 1,479,174. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.03 and a quick ratio of 1.03. TCF Financial Co. has a fifty-two week low of $14.58 and a fifty-two week high of $23.80. The company has a market capitalization of $3,970.00, a PE ratio of 35.20, a price-to-earnings-growth ratio of 1.69 and a beta of 1.11.
TCF Financial (NYSE:TCF) last posted its quarterly earnings data on Tuesday, January 30th. The bank reported $0.33 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.02). TCF Financial had a net margin of 18.31% and a return on equity of 9.85%. The firm had revenue of $362.75 million for the quarter, compared to the consensus estimate of $355.48 million. equities research analysts forecast that TCF Financial Co. will post 1.69 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, March 1st. Stockholders of record on Thursday, February 15th were issued a $0.15 dividend. The ex-dividend date was Wednesday, February 14th. This is a boost from TCF Financial’s previous quarterly dividend of $0.08. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.58%. TCF Financial’s dividend payout ratio is presently 90.91%.
A number of equities research analysts recently issued reports on the stock. Morgan Stanley reaffirmed an “equal weight” rating and set a $23.00 price target (up previously from $22.00) on shares of TCF Financial in a research note on Wednesday, March 7th. Zacks Investment Research downgraded shares of TCF Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, February 13th. BMO Capital Markets raised shares of TCF Financial from a “market perform” rating to an “outperform” rating and set a $26.00 price target on the stock in a research note on Friday, February 9th. ValuEngine raised shares of TCF Financial from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Finally, Jefferies Group reaffirmed a “hold” rating on shares of TCF Financial in a research note on Thursday, February 1st. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the stock. TCF Financial presently has an average rating of “Hold” and a consensus price target of $21.67.
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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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