December 1, 2016 - By Vivian Park · 0 Comments
TCF Financial Corp (NYSE:TCB) institutional sentiment decreased to 0.93 in 2016 Q2. Its down -0.33, from 1.26 in 2016Q1. The ratio dived, as 115 hedge funds started new and increased equity positions, while 91 reduced and sold their holdings in TCF Financial Corp. The hedge funds in our partner’s database now own: 128.44 million shares, down from 133.65 million shares in 2016Q1. Also, the number of hedge funds holding TCF Financial Corp in their top 10 equity positions was flat from 0 to 0 for the same number . Sold All: 15 Reduced: 76 Increased: 87 New Position: 28.
TCF Financial Corporation is a bank holding company. The company has a market cap of $3.08 billion. The Company’s principal subsidiary is TCF National Bank (TCF Bank). It has a 15.12 P/E ratio. The Firm operates in three divisions: Lending, Funding and Support Services.
About 33,376 shares traded hands. TCF Financial Corporation (NYSE:TCB) has risen 27.76% since April 28, 2016 and is uptrending. It has outperformed by 21.84% the S&P500.
Analysts await TCF Financial Corporation (NYSE:TCB) to report earnings on January, 26. They expect $0.30 earnings per share, up 3.45% or $0.01 from last year’s $0.29 per share. TCB’s profit will be $52.50 million for 14.67 P/E if the $0.30 EPS becomes a reality. After $0.31 actual earnings per share reported by TCF Financial Corporation for the previous quarter, Wall Street now forecasts -3.23% negative EPS growth.
According to Zacks Investment Research, “TCF is a Wayzata, Minnesota-based national financial holding company. TCF has banking offices in Minnesota, Illinois, Michigan, Wisconsin, Colorado and Indiana. Other TCF affiliates provide leasing and equipment finance, mortgage banking, discount brokerage, and investments and insurance sales. They are a national financial holding company of one federally chartered bank, TCF National Bank.”
Van Berkom & Associates Inc. holds 1.78% of its portfolio in TCF Financial Corporation for 3.08 million shares. Oak Associates Ltd Oh owns 908,442 shares or 1.38% of their US portfolio. Moreover, Zpr Investment Management has 1.06% invested in the company for 44,360 shares. The Wisconsin-based Heartland Advisors Inc has invested 0.85% in the stock. Piermont Capital Management Inc., a Missouri-based fund reported 228,450 shares.#img1#
Ratings analysis reveals 50% of TCF Financial’s analysts are positive. Out of 6 Wall Street analysts rating TCF Financial, 3 give it “Buy”, 0 “Sell” rating, while 3 recommend “Hold”. The lowest target is $12.50 while the high is $18. The stock’s average target of $15.56 is -11.59% below today’s ($17.6) share price. TCB was included in 10 notes of analysts from August 26, 2015. The firm earned “Sell” rating on Tuesday, September 1 by Compass Point. Barclays Capital maintained TCF Financial Corporation (NYSE:TCB) rating on Friday, October 9. Barclays Capital has “Overweight” rating and $18 price target. The firm has “Outperform” rating given on Saturday, September 5 by FBR Capital. The stock has “Neutral” rating given by Compass Point on Tuesday, February 9. RBC Capital Markets maintained TCF Financial Corporation (NYSE:TCB) rating on Friday, January 29. RBC Capital Markets has “Outperform” rating and $16 price target.
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: Equitiesfocus.com which released: “TCF Financial Corporation (NYSE:TCB) Quarterly EPS From Continuing Operations …” on October 17, 2016. Also Finance.Yahoo.com published the news titled: “TCF Financial Corporation Names Brad Adams Director of Corporate Development …” on November 15, 2016. Businesswire.com‘s news article titled: “TCF Bank Raises $150000 for Susan G. Komen® to Fight Breast Cancer” with publication date: November 22, 2016 was also an interesting one.
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By Vivian Park