TFS Financial (NASDAQ:TFSL) Cut to Sell at BidaskClub

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BidaskClub lowered shares of TFS Financial (NASDAQ:TFSL) from a hold rating to a sell rating in a research report sent to investors on Saturday morning, BidAskClub reports.

A number of other research analysts have also recently commented on the stock. TheStreet raised shares of TFS Financial from a c+ rating to a b- rating in a report on Monday, June 3rd. Zacks Investment Research cut shares of TFS Financial from a hold rating to a sell rating in a report on Tuesday, May 7th. Two equities research analysts have rated the stock with a sell rating and two have assigned a buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of $18.00.

TFSL stock opened at $17.57 on Friday. The company has a market capitalization of $4.93 billion, a PE ratio of 54.91 and a beta of 0.20. The company has a debt-to-equity ratio of 2.07, a current ratio of 1.50 and a quick ratio of 1.50. TFS Financial has a 12 month low of $14.19 and a 12 month high of $18.61. The business has a 50-day moving average of $18.00.

TFS Financial (NASDAQ:TFSL) last posted its earnings results on Tuesday, July 30th. The bank reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.02). The company had revenue of $70.60 million during the quarter, compared to the consensus estimate of $72.80 million. TFS Financial had a return on equity of 4.60% and a net margin of 16.26%. Sell-side analysts forecast that TFS Financial will post 0.3 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Nisa Investment Advisors LLC bought a new position in TFS Financial in the 1st quarter valued at approximately $26,000. Parallel Advisors LLC raised its holdings in TFS Financial by 503.6% in the 1st quarter. Parallel Advisors LLC now owns 1,684 shares of the bank’s stock valued at $28,000 after buying an additional 1,405 shares during the last quarter. Meeder Asset Management Inc. bought a new position in TFS Financial in the 2nd quarter valued at approximately $33,000. BNP Paribas Arbitrage SA raised its holdings in TFS Financial by 49.8% in the 1st quarter. BNP Paribas Arbitrage SA now owns 5,392 shares of the bank’s stock valued at $89,000 after buying an additional 1,793 shares during the last quarter. Finally, Buffington Mohr McNeal bought a new position in TFS Financial in the 1st quarter valued at approximately $111,000. Institutional investors and hedge funds own 11.65% of the company’s stock.

TFS Financial Company Profile

TFS Financial Corporation, through its subsidiaries, provides retail consumer banking services in the United States. The company's deposit products include savings, money market, checking, certificate of deposit, individual retirement, and other qualified plan accounts. It 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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