TCF Financial Co. (TCF) Position Boosted by Van Berkom & Associates Inc.

Van Berkom & Associates Inc. boosted its holdings in shares of TCF Financial Co. (NYSE:TCF) by 4.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,930,140 shares of the bank’s stock after acquiring an additional 112,772 shares during the quarter. TCF Financial accounts for 2.0% of Van Berkom & Associates Inc.’s portfolio, making the stock its 25th biggest holding. Van Berkom & Associates Inc. owned about 1.74% of TCF Financial worth $66,836,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. CNA Financial Corp purchased a new position in TCF Financial during the 4th quarter valued at $730,000. Deutsche Bank AG boosted its holdings in TCF Financial by 27.7% during the 4th quarter. Deutsche Bank AG now owns 1,665,159 shares of the bank’s stock valued at $34,132,000 after acquiring an additional 361,384 shares during the period. Nisa Investment Advisors LLC purchased a new stake in shares of TCF Financial in the 4th quarter worth $1,736,000. Swiss National Bank purchased a new stake in shares of TCF Financial in the 4th quarter worth $5,693,000. Finally, Sumitomo Mitsui Asset Management Company LTD purchased a new stake in shares of TCF Financial in the 4th quarter worth $4,389,000. Institutional investors own 84.44% of the company’s stock.

Shares of TCF Financial opened at $25.84 on Monday, MarketBeat reports. TCF Financial Co. has a 1 year low of $25.84 and a 1 year high of $25.97. The stock has a market cap of $4.37 billion, a P/E ratio of 19.40, a price-to-earnings-growth ratio of 1.76 and a beta of 1.04. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.61.



TCF Financial (NYSE:TCF) last announced its earnings results on Monday, April 23rd. The bank reported $0.39 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.02. TCF Financial had a return on equity of 10.86% and a net margin of 19.62%. The company had revenue of $355.40 million for the quarter, compared to analyst estimates of $349.56 million. The firm’s quarterly revenue was up 9.2% compared to the same quarter last year. research analysts expect that TCF Financial Co. will post 1.79 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 1st. Investors of record on Tuesday, May 15th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 2.32%. The ex-dividend date of this dividend is Monday, May 14th. TCF Financial’s dividend payout ratio is currently 50.00%.

TCF has been the subject of several research reports. Zacks Investment Research cut TCF Financial from a “buy” rating to a “hold” rating in a report on Friday, April 6th. Morgan Stanley upped their price objective on TCF Financial from $21.50 to $22.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 1st. Royal Bank of Canada restated a “buy” rating and set a $25.00 price objective on shares of TCF Financial in a research note on Wednesday, January 31st. Wells Fargo cut TCF Financial from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 31st. Finally, ValuEngine cut TCF Financial from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, May 2nd. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the stock. TCF Financial has a consensus rating of “Hold” and a consensus price target of $24.75.

In related news, Director Peter Bell sold 9,716 shares of the company’s stock in a transaction dated Tuesday, May 8th. The stock was sold at an average price of $25.39, for a total transaction of $246,689.24. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 2.34% of the company’s stock.

About TCF Financial

TCF Financial Corporation operates as the holding company for TCF National Bank that provides various financial products and services in the United States and Canada. It operates through Consumer Banking, Wholesale Banking, and Enterprise Services segments. The company offers checking, savings, and money market accounts; certificates of deposits; and individual retirement accounts.

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

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