TCF Financial Co. (NYSE:TCB) Director Barry N. Winslow sold 6,000 shares of the company’s stock in a transaction that occurred on Thursday, March 16th. The shares were sold at an average price of $17.55, for a total value of $105,300.00. Following the transaction, the director now owns 2,365 shares of the company’s stock, valued at approximately $41,505.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Barry N. Winslow also recently made the following trade(s):
- On Tuesday, February 14th, Barry N. Winslow sold 75,000 shares of TCF Financial stock. The shares were sold at an average price of $17.51, for a total value of $1,313,250.00.
TCF Financial Co. (NYSE:TCB) traded down 1.49% during trading on Monday, reaching $17.23. The company’s stock had a trading volume of 12,505,385 shares. The company has a market capitalization of $2.88 billion, a P/E ratio of 14.98 and a beta of 1.14. The firm’s 50-day moving average price is $17.47 and its 200 day moving average price is $16.73. TCF Financial Co. has a 12-month low of $11.62 and a 12-month high of $20.03.
TCF Financial (NYSE:TCB) last announced its earnings results on Friday, January 27th. The company reported $0.27 EPS for the quarter, missing the Zacks’ consensus estimate of $0.31 by $0.04. TCF Financial had a return on equity of 9.83% and a net margin of 15.19%. During the same period in the previous year, the firm posted $0.29 earnings per share. On average, analysts predict that TCF Financial Co. will post $1.22 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, March 1st. Stockholders of record on Wednesday, February 15th were issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date of this dividend was Monday, February 13th. TCF Financial’s dividend payout ratio (DPR) is 26.09%.
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TCB has been the subject of a number of recent analyst reports. Wells Fargo & Co upgraded TCF Financial from a “market perform” rating to an “outperform” rating in a report on Monday, January 9th. DA Davidson restated a “neutral” rating and set a $21.00 target price on shares of TCF Financial in a report on Tuesday, December 13th. Zacks Investment Research downgraded TCF Financial from a “buy” rating to a “hold” rating in a report on Monday, January 30th. Deutsche Bank AG downgraded TCF Financial from a “buy” rating to a “hold” rating and decreased their target price for the company from $22.00 to $20.00 in a report on Friday, January 20th. Finally, FBR & Co decreased their target price on TCF Financial from $21.00 to $19.00 and set a “mkt perform” rating for the company in a report on Monday, January 30th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $17.09.
Several institutional investors have recently made changes to their positions in the company. Hedeker Wealth LLC bought a new position in shares of TCF Financial during the third quarter worth approximately $1,200,000. State Treasurer State of Michigan boosted its position in shares of TCF Financial by 0.3% in the third quarter. State Treasurer State of Michigan now owns 68,860 shares of the company’s stock worth $999,000 after buying an additional 200 shares during the period. LS Investment Advisors LLC boosted its position in shares of TCF Financial by 3.4% in the third quarter. LS Investment Advisors LLC now owns 17,935 shares of the company’s stock worth $260,000 after buying an additional 586 shares during the period. Ladenburg Thalmann Financial Services Inc. boosted its position in shares of TCF Financial by 12.3% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 9,055 shares of the company’s stock worth $177,000 after buying an additional 992 shares during the period. Finally, Municipal Employees Retirement System of Michigan boosted its position in shares of TCF Financial by 1.4% in the third quarter. Municipal Employees Retirement System of Michigan now owns 76,770 shares of the company’s stock worth $1,114,000 after buying an additional 1,040 shares during the period. Hedge funds and other institutional investors own 79.17% of the company’s stock.
TCF Financial 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: Consumer Banking, Wholesale Banking and Enterprise Services. Consumer Banking comprises all of the Company’s consumer-facing businesses.
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