TFS Financial Co. (TFSL) Receives Consensus Rating of “Hold” from Brokerages

TFS Financial Co. (NASDAQ:TFSL) has received an average broker rating score of 3.00 (Hold) from the one brokers that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating.

Analysts have set a 12 month consensus price target of $18.50 for the company and are anticipating that the company will post $0.09 earnings per share for the current quarter, according to Zacks. Zacks has also given TFS Financial an industry rank of 109 out of 265 based on the ratings given to its competitors.

TFSL has been the subject of several research analyst reports. BidaskClub upgraded TFS Financial from a “sell” rating to a “hold” rating in a research report on Saturday, February 3rd. ValuEngine lowered TFS Financial from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd.

In other TFS Financial news, COO Meredith S. Weil purchased 5,330 shares of the firm’s stock in a transaction that occurred on Monday, March 5th. The stock was purchased at an average cost of $14.99 per share, with a total value of $79,896.70. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Ben S. Stefanski III sold 26,600 shares of the firm’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $15.10, for a total value of $401,660.00. Following the sale, the director now directly owns 48,700 shares of the company’s stock, valued at $735,370. The disclosure for this sale can be found here. 1.60% of the stock is owned by company insiders.

Hedge funds have recently modified their holdings of the stock. The Manufacturers Life Insurance Company increased its holdings in shares of TFS Financial by 7.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,641 shares of the bank’s stock valued at $134,000 after acquiring an additional 574 shares during the period. Amalgamated Bank purchased a new position in shares of TFS Financial in the 4th quarter valued at $150,000. Two Sigma Investments LP purchased a new position in TFS Financial during the 4th quarter worth $167,000. Susquehanna International Group LLP purchased a new position in TFS Financial during the 3rd quarter worth $172,000. Finally, Raymond James Financial Services Advisors Inc. purchased a new position in TFS Financial during the 4th quarter worth $188,000. 11.02% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ:TFSL traded up $0.03 during midday trading on Friday, reaching $15.10. 174,359 shares of the company’s stock traded hands, compared to its average volume of 155,155. The company has a market cap of $4,240.99, a P/E ratio of 47.19 and a beta of 0.39. The company has a debt-to-equity ratio of 2.21, a current ratio of 1.56 and a quick ratio of 1.56. TFS Financial has a one year low of $14.32 and a one year high of $17.27.

TFS Financial (NASDAQ:TFSL) last announced its quarterly earnings results on Tuesday, January 30th. The bank reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01. TFS Financial had a return on equity of 5.54% and a net margin of 20.32%. The firm had revenue of $69.99 million for the quarter, compared to the consensus estimate of $70.60 million. During the same period in the prior year, the company posted $0.07 earnings per share. The company’s quarterly revenue was up 2.6% on a year-over-year basis. sell-side analysts anticipate that TFS Financial will post 0.37 earnings per share for the current year.

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About TFS Financial

TFS Financial Corporation, through its subsidiaries, provides retail consumer banking services in the United States. Its deposit products include savings accounts, checking accounts, certificate of deposit accounts, individual retirement accounts, and other qualified plan accounts. The company also provides residential real estate mortgage loans, residential construction loans, and home equity loans and lines of credit, as well as purchase mortgages and first mortgage refinance loans.

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