Alliancebernstein L.P. Buys Shares of 17,150 Tri-County Financial (TCFC)

Alliancebernstein L.P. bought a new position in shares of Tri-County Financial (NASDAQ:TCFC) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 17,150 shares of the financial services provider’s stock, valued at approximately $657,000. Alliancebernstein L.P. owned approximately 0.31% of Tri-County Financial as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of TCFC. State Street Corp acquired a new stake in Tri-County Financial during the 2nd quarter worth approximately $1,737,000. Dimensional Fund Advisors LP acquired a new stake in Tri-County Financial during the 3rd quarter worth approximately $264,000. California State Teachers Retirement System acquired a new stake in Tri-County Financial during the 2nd quarter worth approximately $270,000. Wells Fargo & Company MN boosted its holdings in Tri-County Financial by 196.2% in the 4th quarter. Wells Fargo & Company MN now owns 9,856 shares of the financial services provider’s stock worth $378,000 after acquiring an additional 6,528 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in Tri-County Financial by 16.8% in the 4th quarter. Bank of New York Mellon Corp now owns 16,015 shares of the financial services provider’s stock worth $613,000 after acquiring an additional 2,307 shares during the period. 31.86% of the stock is owned by hedge funds and other institutional investors.

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NASDAQ TCFC opened at $35.69 on Monday. The company has a market capitalization of $203.39, a price-to-earnings ratio of 16.59 and a beta of 0.27. Tri-County Financial has a fifty-two week low of $32.06 and a fifty-two week high of $40.69. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.96 and a quick ratio of 0.96.

Tri-County Financial (NASDAQ:TCFC) last released its quarterly earnings results on Monday, January 29th. The financial services provider reported $0.54 earnings per share for the quarter. The firm had revenue of $11.77 million during the quarter. Tri-County Financial had a return on equity of 9.32% and a net margin of 12.50%.

The business also recently declared a quarterly dividend, which will be paid on Monday, April 23rd. Shareholders of record on Monday, April 9th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date is Friday, April 6th.

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Tri-County Financial Profile

The Community Financial Corporation operates as the bank holding company for Community Bank of the Chesapeake that provides commercial and retail banking services to individuals and businesses. The company's deposit products include savings, money market, demand deposit, IRA, SEP, and time deposit accounts.

Institutional Ownership by Quarter for Tri-County Financial (NASDAQ:TCFC)

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