Dynamic Technology Lab Private Ltd Buys 51,870 Shares of TCF Financial Co. (TCF)

Dynamic Technology Lab Private Ltd grew its stake in TCF Financial Co. (NYSE:TCF) by 201.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 77,657 shares of the bank’s stock after buying an additional 51,870 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in TCF Financial were worth $1,849,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Janney Montgomery Scott LLC lifted its holdings in TCF Financial by 149.6% during the 2nd quarter. Janney Montgomery Scott LLC now owns 23,731 shares of the bank’s stock worth $584,000 after buying an additional 14,222 shares in the last quarter. New York State Teachers Retirement System lifted its holdings in TCF Financial by 11.5% during the 2nd quarter. New York State Teachers Retirement System now owns 269,476 shares of the bank’s stock worth $6,634,000 after buying an additional 27,800 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in TCF Financial during the 2nd quarter worth approximately $4,162,000. IndexIQ Advisors LLC lifted its holdings in TCF Financial by 7.6% during the 2nd quarter. IndexIQ Advisors LLC now owns 95,897 shares of the bank’s stock worth $2,361,000 after buying an additional 6,761 shares in the last quarter. Finally, KBC Group NV lifted its holdings in TCF Financial by 1,270.9% during the 2nd quarter. KBC Group NV now owns 189,935 shares of the bank’s stock worth $4,676,000 after buying an additional 176,080 shares in the last quarter. 79.09% of the stock is owned by institutional investors.

Shares of NYSE:TCF opened at $21.05 on Friday. TCF Financial Co. has a 52 week low of $20.05 and a 52 week high of $27.34. The company has a current ratio of 0.99, a quick ratio of 0.98 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $3.53 billion, a price-to-earnings ratio of 17.54, a PEG ratio of 0.97 and a beta of 1.09.

TCF Financial (NYSE:TCF) last announced its quarterly earnings data on Monday, October 22nd. The bank reported $0.51 EPS for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.03. The company had revenue of $365.57 million for the quarter, compared to the consensus estimate of $367.63 million. TCF Financial had a net margin of 20.22% and a return on equity of 12.89%. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.29 EPS. On average, research analysts forecast that TCF Financial Co. will post 1.86 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, December 3rd. Investors of record on Thursday, November 15th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.85%. The ex-dividend date of this dividend was Wednesday, November 14th. TCF Financial’s dividend payout ratio (DPR) is 50.00%.

A number of research firms have issued reports on TCF. Bank of America upgraded shares of TCF Financial from a “neutral” rating to a “buy” rating and increased their target price for the stock from $25.00 to $30.00 in a report on Thursday, September 6th. Zacks Investment Research downgraded shares of TCF Financial from a “buy” rating to a “hold” rating in a research report on Thursday, August 9th. Wells Fargo & Co set a $25.00 price objective on shares of TCF Financial and gave the company a “hold” rating in a research report on Tuesday, October 2nd. Keefe, Bruyette & Woods raised shares of TCF Financial from a “market perform” rating to an “outperform” rating and set a $26.00 price objective on the stock in a research report on Thursday, November 8th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $25.00 price objective on shares of TCF Financial in a research report on Tuesday, October 23rd. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $25.69.

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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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