TCF Financial Co. (NYSE:TCF) was the recipient of some unusual options trading activity on Monday. Stock investors purchased 392 put options on the company. This is an increase of approximately 600% compared to the average daily volume of 56 put options.

Shares of TCF Financial (TCF) opened at $20.45 on Thursday. The company has a market cap of $3,520.00, a price-to-earnings ratio of 18.17, a price-to-earnings-growth ratio of 2.80 and a beta of 1.29. TCF Financial has a one year low of $14.58 and a one year high of $21.29. 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 announced its quarterly earnings results on Friday, October 27th. The bank reported $0.29 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.02). The company had revenue of $343.30 million during the quarter, compared to analysts’ expectations 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 for the quarter was up .4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.31 EPS. equities analysts forecast that TCF Financial will post 0.9 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th were paid a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 1.47%. The ex-dividend date was Tuesday, November 14th. TCF Financial’s payout ratio is currently 26.55%.

In related news, Director Peter Bell sold 15,000 shares of the company’s 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 2.50% of the company’s stock.

Hedge funds have recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of TCF Financial by 9.8% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,487 shares of the bank’s stock valued at $103,000 after buying an additional 580 shares in the last quarter. Zions Bancorporation purchased a new stake in shares of TCF Financial during the 3rd quarter valued at about $116,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of TCF Financial during the 3rd quarter valued at about $432,000. Evercore Wealth Management LLC purchased a new stake in shares of TCF Financial during the 3rd quarter valued at about $128,000. Finally, Ladenburg Thalmann Financial Services Inc. purchased a new stake in shares of TCF Financial during the 3rd quarter valued at about $140,000. Institutional investors and hedge funds own 82.25% of the company’s stock.

Several research analysts recently weighed in on the stock. JMP Securities assumed coverage on shares of TCF Financial in a report on Thursday, August 31st. They issued a “mkt perform” rating for the company. Royal Bank of Canada reaffirmed a “buy” rating and issued a $20.00 target price on shares of TCF Financial in a report on Friday, October 27th. Zacks Investment Research raised shares of TCF Financial from a “sell” rating to a “hold” rating in a report on Tuesday, October 10th. Jefferies Group reaffirmed a “hold” rating and issued a $21.00 target price on shares of TCF Financial in a report on Friday, December 8th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $18.00 target price on shares of TCF Financial in a report on Sunday, October 29th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $19.23.

COPYRIGHT VIOLATION WARNING: “Investors Buy Large Volume of Put Options on TCF Financial (TCF)” was originally reported by Watch List News and is the property of of Watch List News. If you are viewing this report on another domain, it was illegally copied and republished in violation of U.S. & international trademark & copyright law. The legal version of this report can be read at https://www.watchlistnews.com/investors-buy-large-volume-of-put-options-on-tcf-financial-tcf/1775254.html.

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.

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.