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Insider Trends: Selling By Insiders Continues at TCF Financial

· 02/05/2021 11:48

04:41 PM EST, 02/05/2021 (MT Newswires) -- Brian W Maass, EVP & CFO, on Feb 04, 2021, sold 21,320 shares in TCF Financial (TCF) for $887,283. Maass, following the transactions outlined in the Form 4 SEC filing, has control over 104,953 company shares of which 90,345 shares are held directly and 14,608 shares are controlled indirectly. The market value of the direct and indirect holdings, based on the prior-day closing price, is approximately $4.36 million.

During the most recent 90-day period, prior to the date of this filing, there have been 20 insider transactions reported to the SEC for TCF Financial. These transactions came from the activities of 18 different insiders that resulted in a net disposition of 71,431 company shares. This compares with the preceding 90-day window of time where there were 9 transactions from 9 insiders which resulted in the net acquisition of 8,257 shares.

This is a lower level of transactions than the peer group average in the 394-company Banks peer group over the last 90-day period. Within the peer group activity averaged 97.0 transactions per company, with company insiders acquiring on average 7,237 shares.

SEC Story Link http://www.sec.gov/Archives/edgar/data/19612/000001961221000023/xslF345X03/wf-form4_161256098908493.xml

This report does not constitute a recommendation to purchase or sell any security and the analysts are not registered investment advisors. Further analysis is recommended before undertaking any position in any security. Any risks are solely the responsibility of the buyer/seller. The authors, publishers and distributors of the MT Newswires Live Briefs service and any associates thereof accept no liability for the content or actions taken by anyone or institution utilizing this report.