BlackRock Inc. raised its position in shares of TCF Financial Co. (NYSE:TCF) by 1.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 14,189,974 shares of the bank’s stock after purchasing an additional 135,835 shares during the quarter. BlackRock Inc. owned 8.27% of TCF Financial worth $290,893,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Zions Bancorporation purchased a new stake in TCF Financial during the 3rd quarter valued at about $116,000. Evercore Wealth Management LLC purchased a new stake in TCF Financial during the 3rd quarter valued at about $128,000. Cerebellum GP LLC purchased a new stake in TCF Financial during the 4th quarter valued at about $128,000. Ladenburg Thalmann Financial Services Inc. purchased a new stake in TCF Financial during the 3rd quarter valued at about $140,000. Finally, Tiedemann Wealth Management LLC acquired a new position in shares of TCF Financial in the 3rd quarter valued at about $142,000. Institutional investors and hedge funds own 84.90% of the company’s stock.
Several equities analysts have recently issued reports on TCF shares. Royal Bank of Canada reissued a “buy” rating and issued a $25.00 price objective on shares of TCF Financial in a report on Wednesday, January 31st. Piper Jaffray reissued a “buy” rating and issued a $25.00 price objective on shares of TCF Financial in a report on Tuesday, January 9th. Zacks Investment Research raised TCF Financial from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a report on Tuesday, January 2nd. ValuEngine raised TCF Financial from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Finally, Sandler O’Neill reissued a “buy” rating and issued a $25.50 price objective on shares of TCF Financial in a report on Tuesday, March 27th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $22.11.
NYSE TCF traded down $0.60 during trading hours on Monday, reaching $22.21. The company’s stock had a trading volume of 2,313,569 shares, compared to its average volume of 1,549,216. The stock has a market capitalization of $3,899.65, a price-to-earnings ratio of 18.67, a PEG ratio of 1.62 and a beta of 1.05. TCF Financial Co. has a 1-year low of $14.58 and a 1-year high of $23.80. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.52.
TCF Financial (NYSE:TCF) last released its quarterly earnings results on Tuesday, January 30th. The bank reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.02). The business had revenue of $362.75 million during the quarter, compared to analyst estimates of $355.48 million. TCF Financial had a return on equity of 9.85% and a net margin of 18.31%. equities analysts predict that TCF Financial Co. will post 1.7 EPS for the current fiscal year.
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About TCF Financial
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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