Capstone Asset Management Co. Reduces Position in TCF Financial Corp. (TCB)
Capstone Asset Management Co. cut its position in shares of TCF Financial Corp. (NYSE:TCB) by 3.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,181 shares of the company’s stock after selling 435 shares during the period. Capstone Asset Management Co.’s holdings in TCF Financial Corp. were worth $162,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Pacad Investment Ltd. bought a new position in TCF Financial Corp. during the second quarter valued at approximately $120,000. Fox Run Management L.L.C. bought a new position in TCF Financial Corp. during the third quarter valued at approximately $147,000. Hsbc Holdings PLC bought a new position in TCF Financial Corp. during the second quarter valued at approximately $129,000. Bank of Montreal Can bought a new position in TCF Financial Corp. during the second quarter valued at approximately $130,000. Finally, White Pine Capital LLC raised its position in TCF Financial Corp. by 27.4% in the second quarter. White Pine Capital LLC now owns 13,932 shares of the company’s stock valued at $176,000 after buying an additional 3,000 shares in the last quarter. Institutional investors own 78.20% of the company’s stock.
TCF Financial Corp. (NYSE:TCB) opened at 14.10 on Friday. TCF Financial Corp. has a 52 week low of $10.37 and a 52 week high of $15.94. The stock has a market cap of $2.36 billion, a PE ratio of 12.37 and a beta of 1.12. The stock has a 50 day moving average price of $14.49 and a 200 day moving average price of $13.57.
TCF Financial Corp. (NYSE:TCB) last issued its quarterly earnings data on Friday, July 22nd. The company reported $0.31 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.02. TCF Financial Corp. had a return on equity of 10.14% and a net margin of 15.34%. The business had revenue of $330.90 million for the quarter, compared to the consensus estimate of $214.32 million. During the same period in the prior year, the business earned $0.29 earnings per share. The business’s revenue was up 3.6% on a year-over-year basis. On average, equities analysts predict that TCF Financial Corp. will post $1.18 earnings per share for the current year.
TCB has been the topic of several analyst reports. Barclays PLC lifted their price target on TCF Financial Corp. from $14.00 to $15.00 and gave the stock an “overweight” rating in a report on Monday, July 25th. Zacks Investment Research upgraded TCF Financial Corp. from a “sell” rating to a “hold” rating in a report on Monday, July 25th. Credit Agricole SA lifted their price target on TCF Financial Corp. from $14.00 to $15.00 and gave the stock an “underperform” rating in a report on Friday, September 23rd. Deutsche Bank AG lifted their price target on TCF Financial Corp. from $15.00 to $17.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, FBR & Co lowered TCF Financial Corp. from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $16.00 to $14.00 in a report on Monday, July 25th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company’s stock. TCF Financial Corp. has an average rating of “Hold” and a consensus target price of $14.79.
TCF Financial Corp. Company 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: Lending, Funding and Support Services. Its Lending segment includes consumer real estate, commercial real estate and business lending, leasing and equipment finance, inventory finance and auto finance.
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