Barry N. Winslow Sells 75,000 Shares of TCF Financial Corporation (TCB) Stock
TCF Financial Corporation (NYSE:TCB) Director Barry N. Winslow sold 75,000 shares of TCF Financial Corporation stock in a transaction dated Tuesday, February 14th. The shares were sold at an average price of $17.51, for a total value of $1,313,250.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
TCF Financial Corporation (NYSE:TCB) opened at 17.84 on Friday. TCF Financial Corporation has a 52-week low of $10.74 and a 52-week high of $20.03. The firm has a market cap of $2.99 billion, a price-to-earnings ratio of 15.51 and a beta of 1.14. The firm’s 50 day moving average price is $18.41 and its 200 day moving average price is $16.20.
TCF Financial Corporation (NYSE:TCB) last issued its quarterly earnings results on Friday, January 27th. The company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.31 by $0.04. TCF Financial Corporation had a net margin of 15.19% and a return on equity of 9.83%. During the same period last year, the firm posted $0.29 earnings per share. Equities research analysts anticipate that TCF Financial Corporation will post $1.22 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 1st. Stockholders of record on Wednesday, February 15th will be paid a $0.075 dividend. The ex-dividend date of this dividend is Monday, February 13th. This represents a $0.30 annualized dividend and a dividend yield of 1.68%. TCF Financial Corporation’s payout ratio is 26.09%.
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A number of equities research analysts recently issued reports on the company. Barclays PLC dropped their target price on TCF Financial Corporation to $20.00 in a research report on Monday, January 30th. FBR & Co set a $15.00 target price on TCF Financial Corporation and gave the company a “hold” rating in a research report on Sunday, October 23rd. RBC Capital Markets reissued an “outperform” rating and issued a $20.00 target price (down previously from $22.00) on shares of TCF Financial Corporation in a research report on Friday, January 27th. Stephens lowered TCF Financial Corporation from an “overweight” rating to an “equal weight” rating in a research report on Thursday, November 17th. Finally, Wells Fargo & Company raised TCF Financial Corporation from a “market perform” rating to an “outperform” rating in a research report on Monday, January 9th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $17.33.
Several large investors have recently modified their holdings of TCB. Cigna Investments Inc. New bought a new stake in shares of TCF Financial Corporation during the fourth quarter valued at $474,000. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of TCF Financial Corporation by 12.3% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 9,055 shares of the company’s stock valued at $177,000 after buying an additional 992 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of TCF Financial Corporation by 10.6% in the fourth quarter. AQR Capital Management LLC now owns 1,605,430 shares of the company’s stock valued at $31,450,000 after buying an additional 153,710 shares during the last quarter. Guggenheim Capital LLC boosted its stake in shares of TCF Financial Corporation by 97.2% in the fourth quarter. Guggenheim Capital LLC now owns 154,247 shares of the company’s stock valued at $3,022,000 after buying an additional 76,023 shares during the last quarter. Finally, Foresters Investment Management Company Inc. boosted its stake in shares of TCF Financial Corporation by 45.8% in the fourth quarter. Foresters Investment Management Company Inc. now owns 482,000 shares of the company’s stock valued at $9,534,000 after buying an additional 151,500 shares during the last quarter. 79.17% of the stock is owned by institutional investors.
TCF Financial Corporation 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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