Vance K. Opperman Purchases 10,000 Shares of TCF Financial Co. (NYSE:TCF) Stock

TCF Financial Co. (NYSE:TCF) Director Vance K. Opperman purchased 10,000 shares of the company’s stock in a transaction that occurred on Thursday, October 31st. The stock was acquired at an average cost of $42.51 per share, for a total transaction of $425,100.00.

TCF Financial stock opened at $43.00 on Friday. TCF Financial Co. has a 52 week low of $34.62 and a 52 week high of $48.16. The company’s 50 day moving average price is $38.58 and its two-hundred day moving average price is $29.62. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.64. The stock has a market cap of $3.01 billion, a P/E ratio of 22.63, a P/E/G ratio of 1.36 and a beta of 1.30.

TCF Financial (NYSE:TCF) last posted its earnings results on Monday, October 28th. The bank reported $0.98 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.97 by $0.01. TCF Financial had a net margin of 20.10% and a return on equity of 14.01%. The firm had revenue of $459.81 million for the quarter, compared to analysts’ expectations of $483.69 million. During the same quarter last year, the firm earned $1.00 EPS. The company’s quarterly revenue was up 48.0% compared to the same quarter last year. On average, equities analysts anticipate that TCF Financial Co. will post 1.95 EPS for the current year.

The company also recently announced a dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be given a dividend of $0.35 per share. The ex-dividend date is Thursday, November 14th. TCF Financial’s dividend payout ratio is currently 73.68%.

Several institutional investors have recently bought and sold shares of TCF. Cetera Investment Advisers purchased a new stake in shares of TCF Financial during the 3rd quarter worth approximately $525,000. Salzhauer Michael purchased a new stake in shares of TCF Financial during the 3rd quarter worth approximately $401,000. Provident Investment Management Inc. purchased a new stake in shares of TCF Financial during the 3rd quarter worth approximately $30,771,000. Vaughan Nelson Investment Management L.P. purchased a new stake in shares of TCF Financial during the 3rd quarter worth approximately $31,859,000. Finally, Smith Chas P & Associates PA Cpas purchased a new stake in shares of TCF Financial during the 3rd quarter worth approximately $568,000. 80.46% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts recently weighed in on TCF shares. Wells Fargo & Co dropped their price target on shares of TCF Financial from $52.00 to $50.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 2nd. Bank of America started coverage on shares of TCF Financial in a research report on Monday, October 28th. They set a “neutral” rating and a $44.00 target price on the stock. BMO Capital Markets started coverage on shares of TCF Financial in a research report on Friday, August 2nd. They set an “outperform” rating and a $51.00 target price on the stock. UBS Group lifted their target price on shares of TCF Financial from $24.00 to $38.00 and gave the stock a “neutral” rating in a research report on Monday, August 19th. Finally, Morgan Stanley dropped their target price on shares of TCF Financial from $45.00 to $44.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 3rd. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $40.50.

About TCF Financial

TCF Financial Corporation operates as the bank 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 deposit; and individual retirement accounts.

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