Cooke & Bieler LP Buys 32,630 Shares of TCF Financial Corp. (TCB)
Cooke & Bieler LP increased its position in shares of TCF Financial Corp. (NYSE:TCB) by 1.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,506,589 shares of the company’s stock after buying an additional 32,630 shares during the period. Cooke & Bieler LP owned approximately 1.50% of TCF Financial Corp. worth $31,708,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of the stock. Aperio Group LLC increased its stake in TCF Financial Corp. by 2.3% in the first quarter. Aperio Group LLC now owns 28,436 shares of the company’s stock worth $349,000 after buying an additional 636 shares during the last quarter. Retirement Systems of Alabama increased its stake in TCF Financial Corp. by 0.3% in the second quarter. Retirement Systems of Alabama now owns 220,646 shares of the company’s stock worth $2,791,000 after buying an additional 641 shares during the last quarter. Oakbrook Investments LLC increased its stake in TCF Financial Corp. by 11.3% in the second quarter. Oakbrook Investments LLC now owns 15,716 shares of the company’s stock worth $199,000 after buying an additional 1,600 shares during the last quarter. Hexavest Inc. increased its stake in TCF Financial Corp. by 9.8% in the second quarter. Hexavest Inc. now owns 20,218 shares of the company’s stock worth $256,000 after buying an additional 1,804 shares during the last quarter. Finally, Ngam Advisors L.P. increased its stake in TCF Financial Corp. by 12.5% in the first quarter. Ngam Advisors L.P. now owns 17,566 shares of the company’s stock worth $215,000 after buying an additional 1,953 shares during the last quarter. Institutional investors and hedge funds own 78.17% of the company’s stock.
Shares of TCF Financial Corp. (NYSE:TCB) traded up 1.19% during trading on Tuesday, reaching $14.41. 320,603 shares of the company traded hands. The stock has a market capitalization of $2.41 billion, a P/E ratio of 12.64 and a beta of 1.12. TCF Financial Corp. has a 12-month low of $10.37 and a 12-month high of $15.94. The firm’s 50 day moving average is $14.49 and its 200-day moving average is $13.61.
TCF Financial Corp. (NYSE:TCB) last posted its quarterly earnings results on Friday, July 22nd. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.02. The business earned $330.90 million during the quarter, compared to the consensus estimate of $214.32 million. TCF Financial Corp. had a net margin of 15.34% and a return on equity of 10.14%. The firm’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.29 earnings per share. On average, equities research analysts anticipate that TCF Financial Corp. will post $1.18 earnings per share for the current fiscal year.
A number of analysts recently weighed in on the company. JPMorgan Chase & Co. restated a “hold” rating on shares of TCF Financial Corp. in a report on Saturday, July 9th. Keefe, Bruyette & Woods increased their price target on TCF Financial Corp. from $15.00 to $15.50 and gave the stock a “market perform” rating in a report on Monday, July 25th. FBR & Co downgraded TCF Financial Corp. from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $16.00 to $14.00 in a report on Monday, July 25th. Zacks Investment Research upgraded TCF Financial Corp. from a “sell” rating to a “hold” rating in a report on Monday, July 25th. Finally, Jefferies Group reiterated a “hold” rating and set a $13.50 price target on shares of TCF Financial Corp. in a report on Thursday, July 7th. One analyst has rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $14.79.
About TCF Financial Corp.
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: Lending, Funding and Support Services. Its Lending segment includes consumer real estate, commercial real estate and business lending, leasing and equipment finance, inventory finance and auto finance.
Receive News & Stock Ratings for TCF Financial Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TCF Financial Corp. and related stocks with our FREE daily email newsletter.