California State Teachers Retirement System lessened its stake in TCF Financial Co. (NYSE:TCF) by 3.1% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 258,610 shares of the bank’s stock after selling 8,377 shares during the quarter. California State Teachers Retirement System’s holdings in TCF Financial were worth $5,899,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of the company. Northern Trust Corp lifted its holdings in shares of TCF Financial by 0.3% in the first quarter. Northern Trust Corp now owns 1,435,361 shares of the bank’s stock valued at $32,741,000 after purchasing an additional 4,469 shares in the last quarter. Profund Advisors LLC lifted its holdings in shares of TCF Financial by 23.0% in the fourth quarter. Profund Advisors LLC now owns 25,448 shares of the bank’s stock valued at $522,000 after purchasing an additional 4,756 shares in the last quarter. Alliancebernstein L.P. lifted its holdings in shares of TCF Financial by 2.2% in the fourth quarter. Alliancebernstein L.P. now owns 224,257 shares of the bank’s stock valued at $4,597,000 after purchasing an additional 4,790 shares in the last quarter. Foresters Investment Management Company Inc. lifted its holdings in shares of TCF Financial by 1.1% in the first quarter. Foresters Investment Management Company Inc. now owns 528,500 shares of the bank’s stock valued at $12,055,000 after purchasing an additional 5,500 shares in the last quarter. Finally, Meadow Creek Investment Management LLC lifted its holdings in shares of TCF Financial by 24.9% in the fourth quarter. Meadow Creek Investment Management LLC now owns 28,458 shares of the bank’s stock valued at $583,000 after purchasing an additional 5,678 shares in the last quarter. Institutional investors own 85.16% of the company’s stock.
TCF has been the topic of a number of recent analyst reports. Barclays lifted their price target on TCF Financial from $23.00 to $24.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 24th. Zacks Investment Research lowered TCF Financial from a “buy” rating to a “hold” rating in a report on Friday, April 6th. UBS Group initiated coverage on TCF Financial in a report on Thursday, March 22nd. They set a “neutral” rating and a $24.00 price target on the stock. Deutsche Bank lifted their price target on TCF Financial from $22.00 to $26.00 and gave the stock a “hold” rating in a report on Tuesday, April 24th. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $23.00 price target (up from $22.00) on shares of TCF Financial in a report on Wednesday, March 7th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $24.75.
Shares of TCF opened at $24.92 on Tuesday. The firm has a market capitalization of $4.14 billion, a price-to-earnings ratio of 20.53, a PEG ratio of 1.67 and a beta of 1.07. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.02 and a current ratio of 1.02. TCF Financial Co. has a 1 year low of $14.58 and a 1 year high of $27.34.
TCF Financial (NYSE:TCF) last issued its earnings results on Monday, April 23rd. The bank reported $0.39 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.02. The firm had revenue of $355.40 million for the quarter, compared to analyst estimates of $349.56 million. TCF Financial had a return on equity of 10.86% and a net margin of 19.62%. The firm’s revenue was up 9.2% on a year-over-year basis. research analysts anticipate that TCF Financial Co. will post 1.79 earnings per share for the current fiscal year.
In other TCF Financial news, Director Peter Bell sold 9,716 shares of the business’s stock in a transaction on Tuesday, May 8th. The stock was sold at an average price of $25.39, for a total value of $246,689.24. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Barry N. Winslow sold 12,000 shares of the business’s stock in a transaction on Friday, May 11th. The shares were sold at an average price of $25.99, for a total value of $311,880.00. The disclosure for this sale can be found here. Insiders own 2.34% of the company’s stock.
TCF Financial Company Profile
TCF Financial Corporation operates as the holding company for TCF National Bank that provides various financial products and services in the United States and Canada. It operates through Consumer Banking, Wholesale Banking, and Enterprise Services segments. The company offers checking, savings, and money market accounts; certificates of deposits; and individual retirement accounts.
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