Today, the Vice Chair and COO of TCF Financial Corporation (NYSE: TCF), Thomas Jasper, sold shares of TCF for $2M.
Following Thomas Jasper’s last TCF Sell transaction on May 26, 2015, the stock climbed by 10.8%. In addition to Thomas Jasper, one other TCF executive reported Sell trades in the last month.
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Based on TCF Financial Corporation’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $403 million and quarterly net profit of $58.74 million. In comparison, last year the company earned revenue of $357 million and had a net profit of $60.42 million. TCF’s market cap is $4.3B and the company has a P/E ratio of 16.14. Currently, TCF Financial Corporation has an average volume of 1.5M.
Based on 7 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $28.00, reflecting a -7.8% downside. Five different firms, including B.Riley FBR and Compass Point, currently also have a Sell rating on the stock.
The insider sentiment on TCF Financial Corporation has been negative according to 97 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
Thomas Jasper’s trades have generated a 12.5% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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TCF Financial Corp. is the holding company for TCF National Bank, which engages in the provision of checking, savings, consumer loans, collecting funds, investing funds, managing funds, leasing and mortgage services. It also offers commercial real estate loans, commercial business loans and consumer loans.
