TCF Financial Co. (NYSE:TCF) Shares Purchased by Rhumbline Advisers
Rhumbline Advisers lifted its holdings in TCF Financial Co. (NYSE:TCF) by 7.9% in the first quarter, Holdings Channel reports. The firm owned 407,450 shares of the bank’s stock after buying an additional 29,989 shares during the period. Rhumbline Advisers’ holdings in TCF Financial were worth $9,233,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of the company. Fort Washington Investment Advisors Inc. OH boosted its position in shares of TCF Financial by 6.7% in the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 679,796 shares of the bank’s stock worth $15,404,000 after purchasing an additional 42,800 shares in the last quarter. New York State Common Retirement Fund boosted its position in shares of TCF Financial by 0.7% in the 1st quarter. New York State Common Retirement Fund now owns 276,492 shares of the bank’s stock worth $6,265,000 after purchasing an additional 1,983 shares in the last quarter. Fuller & Thaler Asset Management Inc. boosted its position in shares of TCF Financial by 24.4% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 4,358,224 shares of the bank’s stock worth $98,757,000 after purchasing an additional 854,948 shares in the last quarter. Pearl River Capital LLC acquired a new stake in shares of TCF Financial in the 1st quarter worth $66,000. Finally, D.A. Davidson & CO. raised its stake in TCF Financial by 4.4% in the 1st quarter. D.A. Davidson & CO. now owns 18,320 shares of the bank’s stock worth $415,000 after acquiring an additional 780 shares during the last quarter. 80.46% of the stock is owned by hedge funds and other institutional investors.
NYSE TCF opened at $26.50 on Friday. The stock has a 50-day simple moving average of $25.16 and a two-hundred day simple moving average of $36.56. The firm has a market capitalization of $4.08 billion, a P/E ratio of 13.95, a PEG ratio of 1.36 and a beta of 1.30. TCF Financial Co. has a fifty-two week low of $16.96 and a fifty-two week high of $47.46. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.97 and a current ratio of 0.97.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Friday, May 15th will be paid a dividend of $0.35 per share. The ex-dividend date is Thursday, May 14th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 5.28%. TCF Financial’s payout ratio is currently 73.68%.
A number of equities analysts recently issued reports on the company. Morgan Stanley reduced their target price on TCF Financial from $38.00 to $31.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 7th. UBS Group reduced their target price on TCF Financial from $32.00 to $31.00 and set a “buy” rating for the company in a research note on Friday, May 15th. Royal Bank of Canada restated a “buy” rating and issued a $28.00 target price on shares of TCF Financial in a research note on Monday, April 13th. Wells Fargo & Co reduced their target price on TCF Financial from $51.00 to $50.00 and set an “overweight” rating for the company in a research note on Wednesday, January 29th. Finally, Piper Sandler raised their target price on TCF Financial from $34.00 to $35.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. Two research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $39.67.
About TCF Financial
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.
Featured Story: What is the Current Ratio?
Want to see what other hedge funds are holding TCF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TCF Financial Co. (NYSE:TCF).
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.