Crestpoint Capital Management adds TCF Financial Corporation (TCB) to its portfolio

TCF Financial Corporation (TCB) : Crestpoint Capital Management added new position in TCF Financial Corporation during the most recent quarter end. The investment management firm now holds 97,100 shares of TCF Financial Corporation which is valued at $1,383,675 , the company said in a statement filed on Oct 17, 2016 with the SEC.TCF Financial Corporation makes up approximately 0.72% of Crestpoint Capital Management’s portfolio.

Other Hedge Funds, Including , Smith Graham Investment Advisors Lp reduced its stake in TCB by selling 3,590 shares or 1.43% in the most recent quarter. The Hedge Fund company now holds 247,252 shares of TCB which is valued at $3,523,341. TCF Financial Corporation makes up approx 0.46% of Smith Graham Investment Advisors Lp’s portfolio. Parametrica Management Ltd sold out all of its stake in TCB during the most recent quarter. The investment firm sold 29,808 shares of TCB which is valued $420,293.Capstone Asset Management Co reduced its stake in TCB by selling 435 shares or 3.74% in the most recent quarter. The Hedge Fund company now holds 11,181 shares of TCB which is valued at $163,913.Cutler Group Lp reduced its stake in TCB by selling 1,179 shares or 80.48% in the most recent quarter. The Hedge Fund company now holds 286 shares of TCB which is valued at $4,207.

TCF Financial Corporation opened for trading at $14.28 and hit $14.4 on the upside on Friday, eventually ending the session at $14.25, with a gain of 1.06% or 0.15 points. The heightened volatility saw the trading volume jump to 7,05,728 shares. Company has a market cap of $2,437 M.

On the company’s financial health, TCF Financial Corporation reported $0.31 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jul 22, 2016. Analyst had a consensus of $0.29. The company had revenue of $330.90 million for the quarter, compared to analysts expectations of $327.89 million. The company’s revenue was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.29 EPS.

Many Wall Street Analysts have commented on TCF Financial Corporation. Shares were Downgraded by FBR Capital on Jul 25, 2016 to ” Mkt Perform” and Lowered the Price Target to $ 14 from a previous price target of $16 .

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: Lending Funding and Support Services. Lending includes consumer real estate commercial real estate and business lending leasing and equipment finance inventory finance and auto finance. Funding 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. Support Services includes Holding Company and corporate functions. TCF Bank’s subsidiaries principally engage in leasing inventory finance and auto finance activities. TCF delivers retail banking products in over 40 states; commercial leasing and equipment finance business in all 50 states; commercial inventory finance business in all 50 states and Canada and indirect auto finance business in all 50 states.

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