TCF Financial Corporation (TCF) Shares Bought by SG Americas Securities LLC
SG Americas Securities LLC increased its position in TCF Financial Corporation (NYSE:TCF) by 107.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 111,070 shares of the bank’s stock after buying an additional 57,591 shares during the period. SG Americas Securities LLC owned 0.06% of TCF Financial worth $1,893,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of TCF Financial by 9.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,487 shares of the bank’s stock worth $103,000 after buying an additional 580 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in shares of TCF Financial by 540.0% in the second quarter. Tower Research Capital LLC TRC now owns 8,282 shares of the bank’s stock worth $132,000 after buying an additional 6,988 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of TCF Financial by 17.6% in the second quarter. Victory Capital Management Inc. now owns 9,156 shares of the bank’s stock worth $146,000 after buying an additional 1,372 shares in the last quarter. Verition Fund Management LLC purchased a new stake in TCF Financial during the second quarter valued at approximately $162,000. Finally, Janney Montgomery Scott LLC purchased a new stake in TCF Financial during the second quarter valued at approximately $164,000. Institutional investors own 77.91% of the company’s stock.
Shares of TCF Financial Corporation (TCF) traded down $0.07 during midday trading on Friday, hitting $18.31. The stock had a trading volume of 637,934 shares, compared to its average volume of 1,033,567. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.03 and a current ratio of 1.04. TCF Financial Corporation has a 12-month low of $14.58 and a 12-month high of $20.03. The stock has a market capitalization of $3,148.07, a P/E ratio of 16.06, a price-to-earnings-growth ratio of 1.82 and a beta of 1.25.
TCF Financial (NYSE:TCF) last issued its quarterly earnings results on Friday, October 27th. The bank reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.02). TCF Financial had a return on equity of 9.63% and a net margin of 15.27%. The business had revenue of $343.30 million during the quarter, compared to analysts’ expectations of $340.45 million. During the same quarter in the previous year, the company posted $0.31 earnings per share. The company’s quarterly revenue was up .4% compared to the same quarter last year. research analysts expect that TCF Financial Corporation will post 1.22 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Wednesday, November 15th will be issued a $0.075 dividend. The ex-dividend date is Tuesday, November 14th. This represents a $0.30 annualized dividend and a dividend yield of 1.64%. TCF Financial’s payout ratio is 26.32%.
In other TCF Financial news, Director Barry N. Winslow purchased 12,000 shares of TCF Financial stock in a transaction dated Thursday, September 14th. The shares were purchased at an average cost of $25.00 per share, for a total transaction of $300,000.00. Following the completion of the acquisition, the director now owns 2,365 shares in the company, valued at approximately $59,125. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 2.50% of the company’s stock.
A number of equities research analysts have issued reports on the company. Zacks Investment Research downgraded TCF Financial from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. Royal Bank Of Canada restated a “buy” rating and set a $19.00 price objective on shares of TCF Financial in a research report on Friday, September 8th. DA Davidson upgraded TCF Financial from a “neutral” rating to a “buy” rating in a research report on Tuesday, October 31st. Barclays PLC upped their price objective on TCF Financial from $19.00 to $20.00 and gave the company an “overweight” rating in a research report on Monday, October 30th. Finally, JMP Securities assumed coverage on TCF Financial in a research report on Thursday, August 31st. They set a “mkt perform” rating on the stock. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the stock. TCF Financial presently has an average rating of “Hold” and a consensus price target of $18.42.
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TCF Financial Profile
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.
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