TFS Financial (TFSL) Upgraded at ValuEngine

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ValuEngine upgraded shares of TFS Financial (NASDAQ:TFSL) from a hold rating to a buy rating in a report released on Friday morning.

TFSL has been the topic of several other reports. BidaskClub downgraded TFS Financial from a sell rating to a strong sell rating in a research report on Thursday, August 30th. Sandler O’Neill started coverage on TFS Financial in a research report on Friday, September 21st. They issued a buy rating and a $18.00 price objective on the stock. Finally, Zacks Investment Research downgraded TFS Financial from a hold rating to a sell rating in a research report on Thursday, August 9th.

Shares of TFS Financial stock traded up $0.20 during trading hours on Friday, hitting $15.93. The company’s stock had a trading volume of 152,987 shares, compared to its average volume of 200,354. TFS Financial has a 12-month low of $14.19 and a 12-month high of $16.62. The company has a market capitalization of $4.31 billion, a price-to-earnings ratio of 49.78 and a beta of 0.29. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 2.10.

TFS Financial (NASDAQ:TFSL) last announced its quarterly earnings data on Monday, October 29th. The bank reported $0.08 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.08. TFS Financial had a return on equity of 5.22% and a net margin of 18.38%. The business had revenue of $73.87 million for the quarter, compared to the consensus estimate of $75.60 million. On average, equities analysts expect that TFS Financial will post 0.34 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 12th. Stockholders of record on Wednesday, November 28th will be given a $0.25 dividend. The ex-dividend date is Tuesday, November 27th. This represents a $1.00 annualized dividend and a dividend yield of 6.28%. TFS Financial’s payout ratio is 312.50%.

In related news, Chairman Marc A. Stefanski sold 2,570 shares of the business’s stock in a transaction dated Wednesday, August 22nd. The stock was sold at an average price of $15.44, for a total value of $39,680.80. Following the sale, the chairman now directly owns 87,311 shares in the company, valued at $1,348,081.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.60% of the stock is owned by insiders.

Several large investors have recently bought and sold shares of the stock. Neuberger Berman Group LLC purchased a new stake in shares of TFS Financial in the third quarter worth about $258,000. Maltese Capital Management LLC purchased a new stake in shares of TFS Financial in the third quarter worth about $5,092,000. Advisors Asset Management Inc. lifted its position in shares of TFS Financial by 22.1% in the third quarter. Advisors Asset Management Inc. now owns 39,773 shares of the bank’s stock worth $597,000 after buying an additional 7,189 shares in the last quarter. Jefferies Group LLC purchased a new stake in shares of TFS Financial in the third quarter worth about $153,000. Finally, Renaissance Technologies LLC lifted its position in shares of TFS Financial by 0.6% in the third quarter. Renaissance Technologies LLC now owns 6,249,000 shares of the bank’s stock worth $93,797,000 after buying an additional 39,478 shares in the last quarter. Institutional investors own 10.96% of the company’s stock.

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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