Alpha Windward LLC bought a new stake in shares of TCF Financial Co. (NYSE:TCF) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 29,209 shares of the bank’s stock, valued at approximately $599,000.
Other large investors have also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted 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 acquiring an additional 580 shares during the last quarter. Zions Bancorporation purchased a new stake in TCF Financial during the third quarter valued at approximately $116,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in TCF Financial during the third quarter valued at approximately $432,000. Evercore Wealth Management LLC purchased a new stake in TCF Financial during the third quarter valued at approximately $128,000. Finally, Ladenburg Thalmann Financial Services Inc. acquired a new position in TCF Financial during the 3rd quarter valued at approximately $140,000. 82.24% of the stock is owned by institutional investors.
A number of research analysts have issued reports on the stock. Piper Jaffray Companies restated a “buy” rating and set a $25.00 price target on shares of TCF Financial in a research note on Tuesday, January 9th. Barclays upped their price target on shares of TCF Financial from $21.00 to $23.00 and gave the company an “overweight” rating in a research note on Tuesday, January 2nd. Zacks Investment Research upgraded shares of TCF Financial from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a research note on Tuesday, January 2nd. ValuEngine upgraded shares of TCF Financial from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Finally, Jefferies Group restated a “hold” rating and set a $21.00 price target on shares of TCF Financial in a research note on Friday, December 8th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $19.85.
In other news, Director Peter Bell sold 15,000 shares of the stock in a transaction on 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 document filed with the SEC, which is accessible through this hyperlink. 2.50% of the stock is owned by corporate insiders.
Shares of TCF Financial Co. (TCF) opened at $22.12 on Thursday. The firm has a market cap of $3,782.51, a price-to-earnings ratio of 19.40, a PEG ratio of 1.64 and a beta of 1.29. TCF Financial Co. has a 52 week low of $14.58 and a 52 week high of $22.42. The company has a quick ratio of 1.03, a current ratio of 1.04 and a debt-to-equity ratio of 0.59.
TCF Financial (NYSE:TCF) last released its quarterly earnings data on Friday, October 27th. The bank reported $0.29 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.02). The business had revenue of $343.30 million during the quarter, compared to analyst estimates of $340.45 million. TCF Financial had a return on equity of 9.63% and a net margin of 15.27%. The firm’s revenue was up .4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.31 EPS. research analysts forecast that TCF Financial Co. will post 1.24 EPS for the current fiscal year.
COPYRIGHT VIOLATION NOTICE: “Alpha Windward LLC Buys Shares of 29,209 TCF Financial Co. (TCF)” was originally reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this piece on another website, it was illegally copied and republished in violation of international copyright & trademark laws. The original version of this piece can be accessed at https://www.dispatchtribunal.com/2018/01/18/alpha-windward-llc-buys-shares-of-29209-tcf-financial-co-tcf.html.
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.
Receive News & Ratings for TCF Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TCF Financial and related companies with MarketBeat.com's FREE daily email newsletter.