Alpha Windward LLC Invests $599,000 in TCF Financial Co. (TCF) Stock

Alpha Windward LLC purchased a new stake in shares of TCF Financial Co. (NYSE:TCF) during the 4th quarter, HoldingsChannel.com reports. The firm purchased 29,209 shares of the bank’s stock, valued at approximately $599,000.

A number of other hedge funds have also recently added to or reduced their stakes in TCF. Victory Capital Management Inc. grew its position in TCF Financial by 17.6% during the second quarter. Victory Capital Management Inc. now owns 9,156 shares of the bank’s stock valued at $146,000 after buying an additional 1,372 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in TCF Financial by 9.8% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,487 shares of the bank’s stock valued at $103,000 after buying an additional 580 shares during the period. Swiss National Bank grew its position in TCF Financial by 2.0% during the second quarter. Swiss National Bank now owns 272,800 shares of the bank’s stock valued at $4,348,000 after buying an additional 5,300 shares during the period. Riverhead Capital Management LLC grew its position in TCF Financial by 33.2% during the second quarter. Riverhead Capital Management LLC now owns 19,582 shares of the bank’s stock valued at $312,000 after buying an additional 4,882 shares during the period. Finally, Ameriprise Financial Inc. grew its position in TCF Financial by 12.2% during the second quarter. Ameriprise Financial Inc. now owns 580,490 shares of the bank’s stock valued at $9,253,000 after buying an additional 62,920 shares during the period. Institutional investors own 82.24% of the company’s stock.

TCF Financial Co. (NYSE TCF) opened at $22.12 on Thursday. The company has a current ratio of 1.04, a quick ratio of 1.03 and a debt-to-equity ratio of 0.59. The stock has a market cap of $3,782.51, a price-to-earnings ratio of 19.40, a price-to-earnings-growth ratio of 1.64 and a beta of 1.29. TCF Financial Co. has a twelve month low of $14.58 and a twelve month high of $22.42.

TCF Financial (NYSE:TCF) last posted its quarterly earnings data on Friday, October 27th. The bank reported $0.29 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.02). The company had revenue of $343.30 million for the quarter, compared to analysts’ expectations of $340.45 million. TCF Financial had a net margin of 15.27% and a return on equity of 9.63%. The business’s revenue for the quarter was up .4% on a year-over-year basis. During the same period in the previous year, the business earned $0.31 earnings per share. equities research analysts predict that TCF Financial Co. will post 1.24 EPS for the current year.

TCF has been the topic of several analyst reports. Zacks Investment Research lowered shares of TCF Financial from a “hold” rating to a “sell” rating in a research report on Monday, September 25th. Piper Jaffray Companies set a $17.00 price objective on shares of TCF Financial and gave the company a “hold” rating in a report on Friday, October 6th. Royal Bank of Canada reaffirmed a “buy” rating and set a $20.00 price objective on shares of TCF Financial in a report on Friday, October 27th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $18.00 price objective on shares of TCF Financial in a report on Sunday, October 29th. Finally, JPMorgan Chase & Co. increased their price objective on shares of TCF Financial from $18.00 to $19.00 and gave the company a “neutral” rating in a report on Monday, October 30th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the stock. TCF Financial has an average rating of “Hold” and an average price target of $19.85.

In other news, Director Peter Bell sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $20.53, for a total value of $307,950.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 2.50% of the company’s stock.

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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.

Want to see what other hedge funds are holding TCF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TCF Financial Co. (NYSE:TCF).

Institutional Ownership by Quarter for TCF Financial (NYSE:TCF)

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