TCF Financial Corporation (NYSE:TCB) is expected to pay $0.08 on Dec 1, 2016. The indicated annual dividend is $0.30. Shareholders owning the stock before Nov 10, 2016 will be eligible to receive the payout. Based on TCF Financial Corporation’s current price of $13.95, the dividend is 0.54%. This dividend’s record date is Nov 15, 2016 and the announcement date is Oct 20, 2016. The stock decreased 2.11% or $0.3 during the last trading session, hitting $13.95. TCF Financial Corporation (NYSE:TCB) has risen 19.03% since April 7, 2016 and is uptrending. It has outperformed by 14.25% the S&P500.
TCF Financial Corporation is a bank holding company. The company has a market cap of $2.45 billion. The Company’s principal subsidiary is TCF National Bank (TCF Bank). It has a 11.98 P/E ratio. The Firm operates in three divisions: Lending, Funding and Support Services.
Insitutional Activity: The institutional sentiment decreased to 1.26 in 2016 Q2. Its down 0.09, from 1.35 in 2016Q1. The ratio dived, as 15 funds sold all TCF Financial Corporation shares owned while 76 reduced positions. 28 funds bought stakes while 87 increased positions. They now own 128.44 million shares or 3.90% less from 133.65 million shares in 2016Q1.
Anchor Cap Advsrs Ltd Llc holds 69,385 shares or 0.02% of its portfolio. Voya Investment Ltd Limited Liability Company has invested 0% of its portfolio in TCF Financial Corporation (NYSE:TCB). Gotham Asset Mgmt Limited Liability Company accumulated 21,580 shares or 0% of the stock. Dynamic Cap Mgmt owns 24,832 shares or 0.04% of their US portfolio. Advantus Capital Management Incorporated owns 20,716 shares or 0.01% of their US portfolio. Huntington Bank accumulated 0% or 1,917 shares. Hgk Asset holds 0.04% of its portfolio in TCF Financial Corporation (NYSE:TCB) for 22,772 shares. Renaissance Technologies Ltd owns 2.04M shares or 0.05% of their US portfolio. Blackrock Gp Limited last reported 460,625 shares in the company. Azimuth Capital Ltd reported 19,000 shares or 0.02% of all its holdings. Brandywine Invest Management Ltd Llc has 0.03% invested in the company for 374,127 shares. Nomura Asset holds 0% or 4,800 shares in its portfolio. Moreover, Federated Incorporated Pa has 0.01% invested in TCF Financial Corporation (NYSE:TCB) for 135,859 shares. The Oklahoma-based Bokf Na has invested 0.01% in TCF Financial Corporation (NYSE:TCB). State Of Wisconsin Investment Board has invested 0.01% of its portfolio in TCF Financial Corporation (NYSE:TCB).
TCF Financial Corporation (NYSE:TCB) Ratings Coverage
Out of 6 analysts covering TCF Financial (NYSE:TCB), 3 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 50% are positive. TCF Financial has been the topic of 10 analyst reports since August 26, 2015 according to StockzIntelligence Inc. On Tuesday, February 9 the stock rating was upgraded by Compass Point to “Neutral”. On Saturday, September 5 the stock rating was maintained by FBR Capital with “Outperform”. Barclays Capital maintained the shares of TCB in a report on Friday, October 9 with “Overweight” rating. The firm earned “Sell” rating on Tuesday, September 1 by Compass Point. The stock has “Outperform” rating given by RBC Capital Markets on Friday, January 29.
More recent TCF Financial Corporation (NYSE:TCB) news were published by: Nasdaq.com which released: “Ex-Dividend Reminder: TCF Financial, Selective Insurance Group and PacWest Bancorp” on November 08, 2016. Also Businesswire.com published the news titled: “TCF Announces Leadership Changes Effective January 1, 2016” on November 24, 2015. Businesswire.com‘s news article titled: “TCF Financial Corporation Announces Executive Promotions for TCF Equipment Finance” with publication date: February 08, 2016 was also an interesting one.
TCB Company Profile
TCF Financial Corporation (TCF), incorporated on April 28, 1987, is a bank holding company. The Company’s principal subsidiary is TCF National Bank (TCF Bank). The Firm operates in three divisions: Lending, Funding and Support Services. The Company’s Lending segment includes consumer real estate, commercial real estate and business lending, leasing and equipment finance, inventory finance and auto finance. The Company’s Funding segment includes branch banking and treasury services, which includes the Company’s investment and borrowing portfolios and management of capital, debt and market risks, including interest rate and liquidity risks. The Company’s Support Services segment includes Holding Company and corporate functions that provide data processing, bank activities and other professional services to the operating divisions. TCF Bank operates bank branches in Illinois, Minnesota, Michigan, Colorado, Wisconsin, Arizona, South Dakota and Indiana.
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