TCF Financial Co. (NYSE:TCF) EVP Michael Scott Jones sold 40,000 shares of the stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $19.58, for a total value of $783,200.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Shares of NYSE TCF traded up $0.27 during mid-day trading on Thursday, reaching $19.74. The company had a trading volume of 45,645 shares, compared to its average volume of 1,118,461. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.97 and a current ratio of 0.97. TCF Financial Co. has a one year low of $18.17 and a one year high of $27.03. The stock has a market capitalization of $3.23 billion, a P/E ratio of 10.37, a PEG ratio of 1.21 and a beta of 1.30.

TCF Financial (NYSE:TCF) last issued its quarterly earnings results on Monday, April 22nd. The bank reported $0.46 EPS for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.01. TCF Financial had a return on equity of 14.03% and a net margin of 18.41%. The company had revenue of $357.90 million for the quarter, compared to analysts’ expectations of $365.57 million. During the same quarter last year, the business earned $0.39 earnings per share. TCF Financial’s revenue was up .7% on a year-over-year basis. Equities research analysts forecast that TCF Financial Co. will post 1.96 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Wednesday, May 15th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 3.04%. The ex-dividend date of this dividend was Tuesday, May 14th. TCF Financial’s dividend payout ratio (DPR) is presently 31.58%.

A number of large investors have recently added to or reduced their stakes in TCF. Stone Ridge Asset Management LLC boosted its stake in shares of TCF Financial by 336.5% during the fourth quarter. Stone Ridge Asset Management LLC now owns 109,974 shares of the bank’s stock valued at $2,143,000 after purchasing an additional 84,780 shares in the last quarter. Citigroup Inc. boosted its stake in shares of TCF Financial by 52.4% during the fourth quarter. Citigroup Inc. now owns 230,370 shares of the bank’s stock valued at $4,489,000 after purchasing an additional 79,207 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of TCF Financial by 5.1% during the fourth quarter. Principal Financial Group Inc. now owns 1,785,832 shares of the bank’s stock valued at $34,806,000 after purchasing an additional 86,565 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of TCF Financial by 21.6% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 916,178 shares of the bank’s stock valued at $17,856,000 after purchasing an additional 162,511 shares in the last quarter. Finally, Blueshift Asset Management LLC acquired a new stake in shares of TCF Financial during the fourth quarter valued at about $425,000. 80.38% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts recently commented on the company. Zacks Investment Research upgraded TCF Financial from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research report on Wednesday, April 3rd. ValuEngine upgraded TCF Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, May 1st. Finally, Piper Jaffray Companies set a $27.00 price target on TCF Financial and gave the stock a “buy” rating in a research report on Wednesday, May 8th. Four analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $26.82.

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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 deposit; and individual retirement accounts.

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