Smith Graham & Co. Investment Advisors LP cut its position in TCF Financial Corp. (NYSE:TCB) by 0.6% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 250,842 shares of the company’s stock after selling 1,500 shares during the period. Smith Graham & Co. Investment Advisors LP’s holdings in TCF Financial Corp. were worth $3,173,000 at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in the company. Norges Bank acquired a new position in TCF Financial Corp. during the fourth quarter worth $32,852,000. Aperio Group LLC boosted its position in TCF Financial Corp. by 2.3% in the first quarter. Aperio Group LLC now owns 28,436 shares of the company’s stock worth $349,000 after buying an additional 636 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. boosted its position in TCF Financial Corp. by 1.6% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 353,529 shares of the company’s stock worth $4,334,000 after buying an additional 5,475 shares during the last quarter. Ngam Advisors L.P. boosted its position in TCF Financial Corp. by 12.5% in the first quarter. Ngam Advisors L.P. now owns 17,566 shares of the company’s stock worth $215,000 after buying an additional 1,953 shares during the last quarter. Finally, Prudential Financial Inc. boosted its position in TCF Financial Corp. by 9.3% in the first quarter. Prudential Financial Inc. now owns 1,816,665 shares of the company’s stock worth $22,272,000 after buying an additional 154,700 shares during the last quarter. 78.20% of the stock is owned by institutional investors.
Shares of TCF Financial Corp. (NYSE:TCB) traded up 2.18% on Friday, reaching $14.51. The company had a trading volume of 1,009,636 shares. The firm has a 50-day moving average price of $14.38 and a 200 day moving average price of $13.43. TCF Financial Corp. has a 1-year low of $10.37 and a 1-year high of $15.94. The firm has a market capitalization of $2.43 billion, a price-to-earnings ratio of 12.73 and a beta of 1.17.
TCF Financial Corp. (NYSE:TCB) last announced its quarterly earnings data on Friday, July 22nd. The company reported $0.31 EPS for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.02. The firm earned $330.90 million during the quarter, compared to the consensus estimate of $214.32 million. TCF Financial Corp. had a net margin of 15.34% and a return on equity of 10.14%. The firm’s revenue was up 3.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.29 earnings per share. Equities research analysts predict that TCF Financial Corp. will post $1.18 earnings per share for the current year.
A number of equities analysts recently weighed in on TCB shares. Zacks Investment Research cut TCF Financial Corp. from a “hold” rating to a “sell” rating in a report on Monday, June 27th. Jefferies Group reiterated a “hold” rating and set a $13.50 price objective on shares of TCF Financial Corp. in a research note on Thursday, July 7th. JPMorgan Chase & Co. cut their price objective on TCF Financial Corp. from $13.50 to $13.00 and set a “neutral” rating for the company in a research note on Thursday, July 7th. FBR & Co lowered TCF Financial Corp. from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $16.00 to $14.00 in a research note on Monday, July 25th. Finally, Barclays PLC boosted their price objective on TCF Financial Corp. from $14.00 to $15.00 and gave the stock an “overweight” rating in a research note on Monday, July 25th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $14.35.
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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