TCF Financial Co. (TCF) Shares Bought by Cardinal Capital Management

Cardinal Capital Management grew its holdings in TCF Financial Co. (NYSE:TCF) by 1.4% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 73,886 shares of the bank’s stock after buying an additional 1,028 shares during the quarter. Cardinal Capital Management’s holdings in TCF Financial were worth $1,528,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in TCF. Fort L.P. increased its position in TCF Financial by 92.1% during the 4th quarter. Fort L.P. now owns 2,883 shares of the bank’s stock valued at $56,000 after buying an additional 1,382 shares in the last quarter. Toronto Dominion Bank increased its holdings in shares of TCF Financial by 107,133.3% in the 4th quarter. Toronto Dominion Bank now owns 3,217 shares of the bank’s stock worth $63,000 after purchasing an additional 3,214 shares in the last quarter. Oregon Public Employees Retirement Fund increased its holdings in shares of TCF Financial by 1,839.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,298,814 shares of the bank’s stock worth $67,000 after purchasing an additional 1,231,829 shares in the last quarter. Mackey Komara & Dankovich LLC bought a new stake in shares of TCF Financial in the 4th quarter worth $103,000. Finally, JNBA Financial Advisors bought a new stake in shares of TCF Financial in the 4th quarter worth $146,000. Institutional investors and hedge funds own 80.62% of the company’s stock.

Shares of NYSE:TCF traded down $0.01 during mid-day trading on Thursday, reaching $21.68. The stock had a trading volume of 1,375,006 shares, compared to its average volume of 1,593,266. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $3.54 billion, a P/E ratio of 11.47, a P/E/G ratio of 1.03 and a beta of 1.23. TCF Financial Co. has a 1 year low of $18.17 and a 1 year high of $27.34.

TCF Financial (NYSE:TCF) last issued its quarterly earnings data on Monday, January 28th. The bank reported $0.51 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.04. TCF Financial had a return on equity of 14.00% and a net margin of 18.87%. The company had revenue of $377.02 million for the quarter, compared to analysts’ expectations of $367.53 million. During the same period in the previous year, the firm posted $0.28 earnings per share. On average, research analysts forecast that TCF Financial Co. will post 2.02 earnings per share for the current year.

A number of analysts have commented on TCF shares. Bank of America lowered TCF Financial from a “buy” rating to a “neutral” rating in a report on Thursday, January 10th. Zacks Investment Research downgraded TCF Financial from a “buy” rating to a “hold” rating in a research report on Saturday, January 5th. Raymond James upgraded TCF Financial from an “outperform” rating to a “strong-buy” rating and set a $28.00 target price on the stock in a research report on Tuesday, January 29th. Sandler O’Neill upgraded TCF Financial from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research report on Friday, February 8th. Finally, Wells Fargo & Co set a $26.00 target price on TCF Financial and gave the company a “buy” rating in a research report on Tuesday, January 29th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $26.38.

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TCF Financial Profile

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 deposits; and individual retirement accounts.

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

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