Shares of TCF Financial Co. (NYSE:TCF) gapped up before the market opened on Tuesday . The stock had previously closed at $19.92, but opened at $20.34. TCF Financial shares last traded at $20.74, with a volume of 2023500 shares trading hands.

TCF has been the topic of a number of recent research reports. Royal Bank Of Canada restated a “buy” rating and set a $19.00 price target on shares of TCF Financial in a research note on Friday, September 8th. Zacks Investment Research upgraded shares of TCF Financial from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a research note on Wednesday, November 1st. DA Davidson upgraded shares of TCF Financial from a “neutral” rating to a “buy” rating in a research note on Tuesday, October 31st. Sandler O’Neill upgraded shares of TCF Financial from a “hold” rating to a “buy” rating in a research note on Tuesday, November 28th. Finally, Piper Jaffray Companies set a $17.00 target price on shares of TCF Financial and gave the stock a “hold” rating in a research note on Friday, October 6th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company’s stock. TCF Financial currently has an average rating of “Hold” and a consensus price target of $19.08.

The company has a debt-to-equity ratio of 0.59, a current ratio of 1.04 and a quick ratio of 1.03. The company has a market cap of $3,498.82, a P/E ratio of 17.85, a PEG ratio of 2.99 and a beta of 1.29.

TCF Financial (NYSE:TCF) last posted its earnings results on Friday, October 27th. The bank reported $0.29 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.02). TCF Financial had a return on equity of 9.63% and a net margin of 15.27%. The firm had revenue of $343.30 million during the quarter, compared to analysts’ expectations of $340.45 million. During the same quarter in the prior year, the company earned $0.31 earnings per share. The business’s revenue for the quarter was up .4% compared to the same quarter last year. sell-side analysts forecast that TCF Financial Co. will post 0.83 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Wednesday, November 15th were issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date was Tuesday, November 14th. TCF Financial’s payout ratio is 26.32%.

In related news, Director Barry N. Winslow purchased 12,000 shares of the firm’s stock in a transaction dated Thursday, September 14th. The shares were purchased at an average price of $25.00 per share, with a total value of $300,000.00. Following the acquisition, the director now directly owns 2,365 shares of the company’s stock, valued at $59,125. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.50% of the stock is owned by corporate insiders.

Large investors have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of TCF Financial by 9.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,487 shares of the bank’s stock worth $103,000 after buying an additional 580 shares during the last quarter. Zions Bancorporation bought a new position in shares of TCF Financial in the 3rd quarter worth $116,000. Evercore Wealth Management LLC bought a new position in shares of TCF Financial in the 3rd quarter worth $128,000. Tower Research Capital LLC TRC increased its holdings in shares of TCF Financial by 540.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 8,282 shares of the bank’s stock worth $132,000 after buying an additional 6,988 shares during the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. bought a new position in shares of TCF Financial in the 3rd quarter worth $140,000. 82.34% of the stock is currently owned by hedge funds and other institutional investors.

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About TCF Financial

TCF Financial Corporation (TCF) is a bank holding company. The Company’s principal subsidiary is TCF National Bank (TCF Bank). The Company operates in three segments: Consumer Banking, Wholesale Banking and Enterprise Services. Consumer Banking comprises all of the Company’s consumer-facing businesses.

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