Alpine Woods Capital Investors LLC purchased a new stake in TCF Financial Corporation (NYSE:TCF) in the 3rd quarter, according to its most recent filing with the SEC. The fund purchased 14,000 shares of the bank’s stock, valued at approximately $239,000.

A number of other institutional investors and hedge funds have also modified their holdings of TCF. Northwestern Mutual Investment Management Company LLC grew its stake in shares of TCF Financial Corporation by 0.3% during the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 29,530 shares of the bank’s stock valued at $374,000 after buying an additional 94 shares during the period. World Asset Management Inc grew its stake in shares of TCF Financial Corporation by 1.8% during the 2nd quarter. World Asset Management Inc now owns 10,519 shares of the bank’s stock valued at $168,000 after buying an additional 190 shares during the period. Teacher Retirement System of Texas grew its stake in shares of TCF Financial Corporation by 2.0% during the 2nd quarter. Teacher Retirement System of Texas now owns 13,034 shares of the bank’s stock valued at $208,000 after buying an additional 255 shares during the period. State of Wisconsin Investment Board grew its stake in shares of TCF Financial Corporation by 1.3% during the 2nd quarter. State of Wisconsin Investment Board now owns 31,648 shares of the bank’s stock valued at $504,000 after buying an additional 420 shares during the period. Finally, Utah Retirement Systems grew its stake in shares of TCF Financial Corporation by 1.8% during the 2nd quarter. Utah Retirement Systems now owns 29,054 shares of the bank’s stock valued at $463,000 after buying an additional 500 shares during the period. Institutional investors own 77.91% of the company’s stock.

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Shares of TCF Financial Corporation (NYSE:TCF) traded up $0.01 during mid-day trading on Thursday, reaching $18.38. 568,600 shares of the company’s stock were exchanged, compared to its average volume of 1,526,346. TCF Financial Corporation has a 52-week low of $14.58 and a 52-week high of $20.03. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.04 and a quick ratio of 1.03. The firm has a market cap of $3,158.40, a price-to-earnings ratio of 16.11, a P/E/G ratio of 1.82 and a beta of 1.25.

TCF Financial Corporation (NYSE:TCF) last issued its quarterly earnings data on Friday, October 27th. The bank reported $0.29 EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $340.45 million. During the same quarter in the prior year, the firm earned $0.31 EPS. The business’s quarterly revenue was up .4% compared to the same quarter last year. research analysts predict that TCF Financial Corporation will post 1.22 EPS for the current fiscal 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 issued a $0.075 dividend. The ex-dividend date is Tuesday, November 14th. This represents a $0.30 dividend on an annualized basis and a yield of 1.63%. TCF Financial Corporation’s dividend payout ratio is currently 26.32%.

In other news, Director Barry N. Winslow acquired 12,000 shares of the business’s stock in a transaction on Thursday, September 14th. The shares were purchased at an average price of $25.00 per share, for a total transaction of $300,000.00. Following the acquisition, the director now directly owns 2,365 shares of the company’s stock, valued at approximately $59,125. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 2.50% of the company’s stock.

Several analysts have recently issued reports on TCF shares. Deutsche Bank AG boosted their price objective on shares of TCF Financial Corporation from $17.00 to $18.00 and gave the company a “hold” rating in a research note on Wednesday, November 8th. Royal Bank Of Canada reissued a “buy” rating and set a $19.00 price objective on shares of TCF Financial Corporation in a research note on Friday, September 8th. J P Morgan Chase & Co upped their price target on shares of TCF Financial Corporation from $18.00 to $19.00 and gave the stock a “neutral” rating in a research report on Monday, October 30th. BMO Capital Markets reaffirmed a “hold” rating and set a $18.00 price target on shares of TCF Financial Corporation in a research report on Friday, September 1st. Finally, Barclays PLC upped their price target on shares of TCF Financial Corporation from $19.00 to $20.00 and gave the stock an “overweight” rating in a research report on Monday, October 30th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $18.42.

TCF Financial Corporation 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.

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

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