Oak Associates Ltd Oh buys $12,581,922 stake in TCF Financial Corporation (TCB)

TCF Financial Corporation (TCB) : Oak Associates Ltd Oh scooped up 24,217 additional shares in TCF Financial Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 9, 2016. The investment management firm now holds a total of 908,442 shares of TCF Financial Corporation which is valued at $12,581,922.TCF Financial Corporation makes up approximately 1.42% of Oak Associates Ltd Oh’s portfolio.

Other Hedge Funds, Including , Dimensional Fund Advisors Lp boosted its stake in TCB in the latest quarter, The investment management firm added 1,050,082 additional shares and now holds a total of 7,923,481 shares of TCF Financial Corporation which is valued at $112,038,021. TCF Financial Corporation makes up approx 0.06% of Dimensional Fund Advisors Lp’s portfolio.Airain Ltd reduced its stake in TCB by selling 27,592 shares or 65.06% in the most recent quarter. The Hedge Fund company now holds 14,816 shares of TCB which is valued at $210,535. TCF Financial Corporation makes up approx 0.01% of Airain Ltd’s portfolio. Quantitative Systematic Strategies sold out all of its stake in TCB during the most recent quarter. The investment firm sold 12,594 shares of TCB which is valued $171,152.Cambiar Investors reduced its stake in TCB by selling 482,409 shares or 20.0% in the most recent quarter. The Hedge Fund company now holds 1,929,739 shares of TCB which is valued at $26,263,748. TCF Financial Corporation makes up approx 0.36% of Cambiar Investors’s portfolio.Louisiana State Employees Retirement System reduced its stake in TCB by selling 1,800 shares or 3.81% in the most recent quarter. The Hedge Fund company now holds 45,500 shares of TCB which is valued at $619,255. TCF Financial Corporation makes up approx 0.03% of Louisiana State Employees Retirement System’s portfolio.

TCF Financial Corporation opened for trading at $14 and hit $14.14 on the upside on Wednesday, eventually ending the session at $14.06, with a gain of 0.21% or 0.03 points. The heightened volatility saw the trading volume jump to 8,42,341 shares. Company has a market cap of $2,405 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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