Carlson Capital Management Lowers stake in TCF Financial Corporation (TCB)

TCF Financial Corporation (TCB) : Carlson Capital Management reduced its stake in TCF Financial Corporation by 1.05% during the most recent quarter end. The investment management company now holds a total of 141,089 shares of TCF Financial Corporation which is valued at $1,755,147 after selling 1,498 shares in TCF Financial Corporation , the firm said in a disclosure report filed with the SEC on Jul 8, 2016.TCF Financial Corporation makes up approximately 0.63% of Carlson Capital Management’s portfolio.

Other Hedge Funds, Including , Chevy Chase Trust Holdings reduced its stake in TCB by selling 15 shares or 0.1% in the most recent quarter. The Hedge Fund company now holds 14,789 shares of TCB which is valued at $183,975.Bnp Paribas Arbitrage Sa boosted its stake in TCB in the latest quarter, The investment management firm added 64,149 additional shares and now holds a total of 88,597 shares of TCF Financial Corporation which is valued at $1,102,147.

TCF Financial Corporation closed down -0.03 points or -0.23% at $12.8 with 9,58,805 shares getting traded on Wednesday. Post opening the session at $12.82, the shares hit an intraday low of $12.69 and an intraday high of $12.88 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, TCF Financial Corporation reported $0.26 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Apr 21, 2016. Analyst had a consensus of $0.25. The company had revenue of $324.30 million for the quarter, compared to analysts expectations of $318.02 million. The company’s revenue was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.21 EPS.

Many Wall Street Analysts have commented on TCF Financial Corporation. Company shares were Reiterated by FBR Capital on Apr 22, 2016 to “Outperform”, Firm has raised the Price Target to $ 16 from a previous price target of $15 .

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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