Insider Selling: TCF Financial Co. (TCF) Director Sells 15,000 Shares of Stock

TCF Financial Co. (NYSE:TCF) Director Peter Bell sold 15,000 shares of the firm’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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Shares of TCF Financial Co. (TCF) traded down $0.09 on Friday, hitting $20.15. The stock had a trading volume of 1,254,400 shares, compared to its average volume of 1,550,591. The firm has a market capitalization of $3,479.91, a price-to-earnings ratio of 17.75, a price-to-earnings-growth ratio of 2.74 and a beta of 1.29. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.04 and a quick ratio of 1.03. TCF Financial Co. has a 52 week low of $14.58 and a 52 week high of $21.29.

TCF Financial (NYSE:TCF) last issued its quarterly earnings results on Friday, October 27th. The bank reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.02). The business had revenue of $343.30 million for the quarter, compared to analyst estimates of $340.45 million. TCF Financial had a net margin of 15.27% and a return on equity of 9.63%. TCF Financial’s revenue for the quarter was up .4% on a year-over-year basis. During the same period last year, the business posted $0.31 earnings per share. research analysts expect that TCF Financial Co. will post 0.9 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Wednesday, November 15th were issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date of this dividend was Tuesday, November 14th. TCF Financial’s dividend payout ratio (DPR) is 26.32%.

A number of research firms have issued reports on TCF. Jefferies Group reiterated a “hold” rating and issued a $21.00 target price on shares of TCF Financial in a research note on Friday, December 8th. DA Davidson reiterated a “buy” rating and issued a $23.00 target price on shares of TCF Financial in a research note on Wednesday, November 29th. Piper Jaffray Companies upgraded TCF Financial from a “neutral” rating to an “overweight” rating and set a $23.00 target price on the stock in a research note on Tuesday, November 28th. Sandler O’Neill upgraded TCF Financial from a “hold” rating to a “buy” rating in a research note on Tuesday, November 28th. Finally, Zacks Investment Research cut TCF Financial from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company’s stock. TCF Financial has an average rating of “Hold” and a consensus price target of $19.23.

Institutional investors and hedge funds have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of TCF Financial by 9.8% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,487 shares of the bank’s stock valued at $103,000 after purchasing an additional 580 shares during the period. Zions Bancorporation acquired a new position in shares of TCF Financial during the third quarter valued at $116,000. Evercore Wealth Management LLC acquired a new position in shares of TCF Financial during the third quarter valued at $128,000. Tower Research Capital LLC TRC increased its holdings in shares of TCF Financial by 540.0% during the second 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 during the period. Finally, Ladenburg Thalmann Financial Services Inc. acquired a new position in shares of TCF Financial during the third quarter valued at $140,000. 82.34% of the stock is currently owned by institutional investors.

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TCF Financial Company 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.

Insider Buying and Selling by Quarter for TCF Financial (NYSE:TCF)

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