LaSalle Street Capital Management LLC Buys 10,169 Shares of TCF Financial Corporation (TCF)

LaSalle Street Capital Management LLC raised its stake in shares of TCF Financial Corporation (NYSE:TCF) by 66.2% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 25,537 shares of the bank’s stock after buying an additional 10,169 shares during the period. LaSalle Street Capital Management LLC’s holdings in TCF Financial Corporation were worth $435,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of TCF Financial Corporation 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 during the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of TCF Financial Corporation in the 3rd quarter valued at about $432,000. Tower Research Capital LLC TRC increased its stake in shares of TCF Financial Corporation by 540.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 8,282 shares of the bank’s stock valued at $132,000 after purchasing an additional 6,988 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of TCF Financial Corporation by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 9,156 shares of the bank’s stock valued at $146,000 after purchasing an additional 1,372 shares in the last quarter. Finally, Verition Fund Management LLC purchased a new position in shares of TCF Financial Corporation in the 2nd quarter valued at about $162,000. Institutional investors and hedge funds own 82.43% of the company’s stock.

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TCF Financial Corporation (NYSE:TCF) traded up $0.13 during trading hours on Friday, reaching $18.25. The company’s stock had a trading volume of 675,599 shares, compared to its average volume of 1,197,610. TCF Financial Corporation has a 52 week low of $14.58 and a 52 week high of $20.03. The company has a current ratio of 1.04, a quick ratio of 1.03 and a debt-to-equity ratio of 0.59. The stock has a market cap of $3,137.76, a price-to-earnings ratio of 16.01, a P/E/G ratio of 1.81 and a beta of 1.25.

TCF Financial Corporation (NYSE:TCF) last posted its quarterly earnings data on Friday, October 27th. The bank reported $0.29 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.02). TCF Financial Corporation had a return on equity of 9.63% and a net margin of 15.27%. The firm had revenue of $343.30 million for the quarter, compared to analysts’ expectations of $340.45 million. During the same quarter last year, the firm posted $0.31 earnings per share. TCF Financial Corporation’s quarterly revenue was up .4% on a year-over-year basis. analysts anticipate that TCF Financial Corporation will post 1.22 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th will be paid a dividend of $0.075 per share. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $0.30 annualized dividend and a yield of 1.64%. TCF Financial Corporation’s dividend payout ratio (DPR) is currently 26.32%.

Several brokerages recently weighed in on TCF. Deutsche Bank AG lifted their price target on TCF Financial Corporation from $17.00 to $18.00 and gave the company a “hold” rating in a research note on Wednesday, November 8th. Zacks Investment Research lowered TCF Financial Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. DA Davidson upgraded TCF Financial Corporation from a “neutral” rating to a “buy” rating in a research note on Tuesday, October 31st. Barclays PLC lifted their price target on TCF Financial Corporation from $19.00 to $20.00 and gave the company an “overweight” rating in a research note on Monday, October 30th. Finally, J P Morgan Chase & Co lifted their price target on TCF Financial Corporation from $18.00 to $19.00 and gave the company a “neutral” rating in a research note on Monday, October 30th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company. TCF Financial Corporation presently has a consensus rating of “Hold” and an average price target of $18.42.

In other news, Director Barry N. Winslow acquired 12,000 shares of the business’s stock in a transaction on Thursday, September 14th. The stock was bought at an average cost of $25.00 per share, for a total transaction of $300,000.00. Following the purchase, the director now owns 2,365 shares in the company, valued at $59,125. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.50% of the stock is currently owned by insiders.

About TCF Financial Corporation

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

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