TFS Financial (NASDAQ:TFSL) Rating Lowered to “Sell” at Wall Street Zen

TFS Financial (NASDAQ:TFSL) was downgraded by research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued on Saturday, Wall Street Zen reports.

Other equities research analysts have also recently issued reports about the company. Piper Sandler reduced their target price on TFS Financial from $18.50 to $18.00 and set a “neutral” rating on the stock in a report on Monday, November 2nd. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $18.00 price target (up from $16.00) on shares of TFS Financial in a research note on Monday, August 3rd. Finally, Weiss Ratings raised TFS Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, August 11th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $18.00.

TFS Financial Stock Performance

Shares of TFS Financial stock opened at $16.43 on Friday. The company has a fifty day moving average of $16.69 and a 200 day moving average of $16.00. The company has a market capitalization of $4.61 billion, a P/E ratio of 45.64 and a beta of 0.71. TFS Financial has a fifty-two week low of $13.20 and a fifty-two week high of $19.49. The company has a debt-to-equity ratio of 2.97, a quick ratio of 1.66 and a current ratio of 1.67.

TFS Financial (NASDAQ:TFSL) last posted its quarterly earnings results on Thursday, October 29th. The bank reported $0.09 EPS for the quarter, hitting analysts’ consensus estimates of $0.09. TFS Financial had a return on equity of 5.23% and a net margin of 12.00%. The company had revenue of $93.53 million for the quarter, compared to analysts’ expectations of $90.22 million. On average, sell-side analysts anticipate that TFS Financial will post 0.38 earnings per share for the current fiscal year.

Insider Buying and Selling at TFS Financial

In other news, insider Bradley Stefanski sold 10,000 shares of the stock in a transaction on Friday, September 11th. The shares were sold at an average price of $16.94, for a total value of $169,400.00. Following the sale, the insider owned 38,720 shares of the company’s stock, valued at approximately $655,916.80. This represents a 20.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.72% of the company’s stock.

Hedge Funds Weigh In On TFS Financial

Large investors have recently made changes to their positions in the company. Russell Investments Group Ltd. grew its holdings in TFS Financial by 3.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 49,490 shares of the bank’s stock worth $802,000 after acquiring an additional 1,848 shares in the last quarter. Machina Capital S.A.S. increased its position in TFS Financial by 35.1% during the 3rd quarter. Machina Capital S.A.S. now owns 16,032 shares of the bank’s stock valued at $260,000 after purchasing an additional 4,166 shares during the period. Beverly Hills Private Wealth LLC raised its holdings in shares of TFS Financial by 4.6% in the 3rd quarter. Beverly Hills Private Wealth LLC now owns 391,245 shares of the bank’s stock valued at $6,338,000 after purchasing an additional 17,059 shares in the last quarter. Ethic Inc. raised its holdings in shares of TFS Financial by 16.1% in the 3rd quarter. Ethic Inc. now owns 51,658 shares of the bank’s stock valued at $837,000 after purchasing an additional 7,151 shares in the last quarter. Finally, Vise Technologies Inc. raised its holdings in shares of TFS Financial by 6.0% in the 3rd quarter. Vise Technologies Inc. now owns 10,750 shares of the bank’s stock valued at $174,000 after purchasing an additional 607 shares in the last quarter. 9.81% of the stock is owned by hedge funds and other institutional investors.

TFS Financial Company Profile