TCF Financial Co. (NYSE:TCF) Director Barry N. Winslow sold 12,000 shares of the stock in a transaction on Friday, May 11th. The shares were sold at an average price of $25.99, for a total value of $311,880.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
NYSE:TCF traded up $0.14 during mid-day trading on Tuesday, reaching $25.83. The company’s stock had a trading volume of 1,400,800 shares, compared to its average volume of 1,625,300. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.61. TCF Financial Co. has a twelve month low of $25.67 and a twelve month high of $26.10. The firm has a market cap of $4.37 billion, a price-to-earnings ratio of 21.53, a PEG ratio of 1.76 and a beta of 1.04.
TCF Financial (NYSE:TCF) last released its quarterly earnings data on Monday, April 23rd. The bank reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. The company had revenue of $355.40 million for the quarter, compared to the consensus estimate of $349.56 million. TCF Financial had a return on equity of 10.86% and a net margin of 19.62%. TCF Financial’s revenue for the quarter was up 9.2% on a year-over-year basis. research analysts forecast that TCF Financial Co. will post 1.79 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 1st. Stockholders of record on Tuesday, May 15th will be issued a $0.15 dividend. The ex-dividend date is Monday, May 14th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.32%. TCF Financial’s dividend payout ratio (DPR) is 50.00%.
TCF has been the topic of a number of analyst reports. Zacks Investment Research raised TCF Financial from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a research note on Thursday, April 5th. Sandler O’Neill reaffirmed a “buy” rating and set a $25.50 price objective on shares of TCF Financial in a research note on Tuesday, March 27th. ValuEngine raised TCF Financial from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Royal Bank of Canada reissued a “buy” rating and issued a $25.00 price target on shares of TCF Financial in a research note on Wednesday, January 31st. Finally, Morgan Stanley raised their price target on TCF Financial from $21.50 to $22.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 1st. One research analyst has rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $24.75.
Several institutional investors have recently added to or reduced their stakes in TCF. Nisa Investment Advisors LLC purchased a new position in shares of TCF Financial in the 4th quarter worth about $1,736,000. Hexavest Inc. purchased a new stake in shares of TCF Financial during the 4th quarter valued at about $238,000. Louisiana State Employees Retirement System purchased a new stake in shares of TCF Financial during the 4th quarter valued at about $892,000. Bank of Montreal Can purchased a new stake in shares of TCF Financial during the 4th quarter valued at about $6,355,000. Finally, Schwab Charles Investment Management Inc. raised its holdings in shares of TCF Financial by 3.1% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 1,130,356 shares of the bank’s stock valued at $23,173,000 after buying an additional 34,043 shares during the period. Institutional investors own 84.44% of the company’s stock.
About TCF Financial
TCF Financial Corporation operates as the 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 deposits; and individual retirement accounts.
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