River Oaks Capital LLC raised its position in shares of TCF Financial Co. (NYSE:TCF) by 916.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 30,500 shares of the bank’s stock after purchasing an additional 27,500 shares during the quarter. River Oaks Capital LLC’s holdings in TCF Financial were worth $625,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of TCF. Dimensional Fund Advisors LP purchased a new stake in shares of TCF Financial in the third quarter worth about $188,275,000. Wedge Capital Management L L P NC purchased a new stake in shares of TCF Financial in the fourth quarter worth about $83,140,000. Hotchkis & Wiley Capital Management LLC purchased a new stake in shares of TCF Financial in the third quarter worth about $57,331,000. Bank of New York Mellon Corp purchased a new stake in shares of TCF Financial in the fourth quarter worth about $57,471,000. Finally, Fuller & Thaler Asset Management Inc. purchased a new stake in shares of TCF Financial in the third quarter worth about $40,868,000. Institutional investors and hedge funds own 79.11% of the company’s stock.
In other TCF Financial news, Director Peter Bell sold 15,000 shares of the stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $20.53, for a total transaction of $307,950.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 2.50% of the company’s stock.
TCF has been the topic of a number of recent research reports. ValuEngine upgraded TCF Financial from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. DA Davidson restated a “buy” rating and issued a $23.00 target price on shares of TCF Financial in a research note on Wednesday, November 29th. Sandler O’Neill upgraded TCF Financial from a “hold” rating to a “buy” rating in a research note on Tuesday, November 28th. Zacks Investment Research upgraded TCF Financial from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a research report on Wednesday, November 1st. Finally, Royal Bank of Canada reiterated a “buy” rating and set a $20.00 price target on shares of TCF Financial in a research report on Friday, October 27th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $21.58.
TCF Financial Co. (TCF) opened at $22.09 on Wednesday. The stock has a market capitalization of $3,819.64, a P/E ratio of 18.54, a price-to-earnings-growth ratio of 1.59 and a beta of 1.21. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.47. TCF Financial Co. has a 1 year low of $14.58 and a 1 year high of $22.42.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Thursday, February 15th will be given a dividend of $0.15 per share. The ex-dividend date is Wednesday, February 14th. This represents a $0.60 dividend on an annualized basis and a yield of 2.72%. This is an increase from TCF Financial’s previous quarterly dividend of $0.08. TCF Financial’s dividend payout ratio is currently 41.67%.
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TCF Financial 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.
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