Hancock Whitney Corp purchased a new stake in TCF Financial Co. (NYSE:TCF) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 55,017 shares of the bank’s stock, valued at approximately $1,072,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Fort L.P. grew its stake in TCF Financial by 92.1% in the 4th quarter. Fort L.P. now owns 2,883 shares of the bank’s stock valued at $56,000 after buying an additional 1,382 shares during the last quarter. Toronto Dominion Bank grew its stake in TCF Financial by 107,133.3% in the 4th quarter. Toronto Dominion Bank now owns 3,217 shares of the bank’s stock valued at $63,000 after buying an additional 3,214 shares during the last quarter. Mackey Komara & Dankovich LLC acquired a new position in TCF Financial in the 4th quarter valued at about $103,000. JNBA Financial Advisors acquired a new position in TCF Financial in the 4th quarter valued at about $146,000. Finally, ERTS Wealth Advisors LLC acquired a new position in TCF Financial in the 4th quarter valued at about $154,000. Institutional investors and hedge funds own 80.62% of the company’s stock.

Shares of NYSE:TCF opened at $20.45 on Thursday. TCF Financial Co. has a 12-month low of $18.17 and a 12-month high of $27.34. The company has a market cap of $3.30 billion, a price-to-earnings ratio of 10.76, a price-to-earnings-growth ratio of 1.01 and a beta of 1.25. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.61.

TCF Financial (NYSE:TCF) last posted its quarterly earnings results on Monday, January 28th. The bank reported $0.51 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.04. The business had revenue of $377.02 million for the quarter, compared to analyst estimates of $367.53 million. TCF Financial had a net margin of 18.87% and a return on equity of 14.00%. During the same quarter last year, the business posted $0.28 EPS. Equities analysts expect that TCF Financial Co. will post 1.92 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 15th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, February 14th. This represents a $0.60 annualized dividend and a dividend yield of 2.93%. TCF Financial’s dividend payout ratio is 31.58%.

TCF has been the topic of a number of research reports. Raymond James upgraded shares of TCF Financial from an “outperform” rating to a “strong-buy” rating and set a $28.00 price target on the stock in a research note on Tuesday, January 29th. BMO Capital Markets upgraded shares of TCF Financial from a “market perform” rating to an “outperform” rating and upped their price target for the company from $22.00 to $29.00 in a research note on Tuesday, January 29th. Zacks Investment Research upgraded shares of TCF Financial from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a research note on Monday, December 31st. Bank of America lowered shares of TCF Financial from a “buy” rating to a “neutral” rating in a research report on Thursday, January 10th. Finally, ValuEngine upgraded shares of TCF Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Eight investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. TCF Financial currently has an average rating of “Buy” and an average price target of $26.38.

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TCF Financial Company Profile

TCF Financial Corporation operates as the bank 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.

Further Reading: Asset Allocation

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

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