Short Interest Watching: Tcf Financial Corporation (NYSE:TCB) Reports Increase in Sellers; Strong Momentum for Short Players

November 17, 2016 - By Adrian Mccoy   ·   0 Comments

Short Interest Watching: Tcf Financial Corporation (NYSE:TCB) Reports Increase in Sellers; Strong Momentum for Short Players

The stock of Tcf Financial Corporation (NYSE:TCB) registered an increase of 8.17% in short interest. TCB’s total short interest was 4.64 million shares in November as published by FINRA. Its up 8.17% from 4.29M shares, reported previously. With 1.02M shares average volume, it will take short sellers 5 days to cover their TCB’s short positions. The short interest to Tcf Financial Corporation’s float is 3%. TCF Financial Corporation (NYSE:TCB) has risen 26.30% since April 15, 2016 and is uptrending. It has outperformed by 21.68% the S&P500.

TCF Financial Corporation is a bank holding company. The company has a market cap of $2.76 billion. The Company’s principal subsidiary is TCF National Bank (TCF Bank). It has a 13.9 P/E ratio. The Firm operates in three divisions: Lending, Funding and Support Services.

Insitutional Activity: The institutional sentiment decreased to 1.26 in Q2 2016. Its down 0.09, from 1.35 in 2016Q1. The ratio turned negative, as 15 funds sold all TCF Financial Corporation shares owned while 76 reduced positions. 28 funds bought stakes while 87 increased positions. They now own 128.44 million shares or 3.90% less from 133.65 million shares in 2016Q1.
Heartland Advsrs Inc has invested 0.85% of its portfolio in TCF Financial Corporation (NYSE:TCB). Capstone Ltd Liability Corp has 0.01% invested in the company for 36,902 shares. Orrstown Fincl Services holds 0.01% of its portfolio in TCF Financial Corporation (NYSE:TCB) for 720 shares. Gsa Capital Prns Llp accumulated 0.02% or 29,811 shares. Wellington Management Group Inc Limited Liability Partnership holds 0% or 600,744 shares in its portfolio. Babson Limited holds 0.02% of its portfolio in TCF Financial Corporation (NYSE:TCB) for 64,100 shares. Northern holds 0.01% of its portfolio in TCF Financial Corporation (NYSE:TCB) for 1.38M shares. Comerica Bank & Trust last reported 273,445 shares in the company. Moreover, Gotham Asset Ltd Limited Liability Company has 0% invested in TCF Financial Corporation (NYSE:TCB) for 21,580 shares. Wolverine Asset Mgmt Ltd Company reported 5,988 shares or 0% of all its holdings. The New York-based Rafferty Asset Ltd Liability Corp has invested 0.02% in TCF Financial Corporation (NYSE:TCB). The Michigan-based Advance I has invested 0.31% in TCF Financial Corporation (NYSE:TCB). Balyasny Asset Management Ltd Llc accumulated 46,420 shares or 0% of the stock. State Street Corporation holds 6.66 million shares or 0.01% of its portfolio. Ngam Ltd Partnership owns 19,878 shares or 0% of their US portfolio.

TCF Financial Corporation (NYSE:TCB) Ratings Coverage

Out of 6 analysts covering TCF Financial (NYSE:TCB), 3 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 50% are positive. TCF Financial has been the topic of 10 analyst reports since August 26, 2015 according to StockzIntelligence Inc. The firm earned “Outperform” rating on Saturday, September 5 by FBR Capital. Compass Point maintained the shares of TCB in a report on Tuesday, September 1 with “Sell” rating. The stock of TCF Financial Corporation (NYSE:TCB) earned “Neutral” rating by Compass Point on Tuesday, February 9. The rating was maintained by RBC Capital Markets on Friday, January 29 with “Outperform”. The firm has “Overweight” rating given on Friday, October 9 by Barclays Capital.

TCB Company Profile

TCF Financial Corporation (TCF), incorporated on April 28, 1987, is a bank holding company. The Company’s principal subsidiary is TCF National Bank (TCF Bank). The Firm operates in three divisions: Lending, Funding and Support Services. The Company’s Lending segment includes consumer real estate, commercial real estate and business lending, leasing and equipment finance, inventory finance and auto finance. The Company’s Funding segment includes branch banking and treasury services, which includes the Company’s investment and borrowing portfolios and management of capital, debt and market risks, including interest rate and liquidity risks. The Company’s Support Services segment includes Holding Company and corporate functions that provide data processing, bank activities and other professional services to the operating divisions. TCF Bank operates bank branches in Illinois, Minnesota, Michigan, Colorado, Wisconsin, Arizona, South Dakota and Indiana.

More recent TCF Financial Corporation (NYSE:TCB) news were published by: Nasdaq.com which released: “TCF Financial Corporation (TCB) Ex-Dividend Date Scheduled for November 10, 2016” on November 09, 2016. Also Businesswire.com published the news titled: “TCF Announces Leadership Changes Effective January 1, 2016” on November 24, 2015. Businesswire.com‘s news article titled: “TCF Financial Corporation Announces Executive Promotions for TCF Equipment Finance” with publication date: February 08, 2016 was also an interesting one.

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By Adrian Mccoy


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