TFS Financial Co. (TFSL) Receives Average Recommendation of “Hold” from Analysts

TFS Financial Co. (NASDAQ:TFSL) has been assigned a consensus broker rating score of 3.00 (Hold) from the one analysts that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation.

Brokerages have set a 1-year consensus target price of $17.00 for the company and are forecasting that the company will post $0.08 earnings per share for the current quarter, according to Zacks. Zacks has also assigned TFS Financial an industry rank of 121 out of 255 based on the ratings given to its competitors.

TFSL has been the subject of a number of recent research reports. Zacks Investment Research raised TFS Financial from a “sell” rating to a “hold” rating in a research report on Friday, June 22nd. BidaskClub lowered TFS Financial from a “hold” rating to a “sell” rating in a research note on Wednesday, July 11th. Finally, ValuEngine raised TFS Financial from a “sell” rating to a “hold” rating in a research note on Friday, June 1st.

In other TFS Financial news, CEO Marc A. Stefanski sold 6,630 shares of the firm’s stock in a transaction on Thursday, May 17th. The shares were sold at an average price of $15.16, for a total transaction of $100,510.80. Following the transaction, the chief executive officer now directly owns 147,311 shares of the company’s stock, valued at approximately $2,233,234.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Marc A. Stefanski sold 12,960 shares of the firm’s stock in a transaction on Thursday, June 14th. The stock was sold at an average price of $15.78, for a total transaction of $204,508.80. Following the transaction, the chairman now directly owns 239,311 shares in the company, valued at $3,776,327.58. The disclosure for this sale can be found here. 1.60% of the stock is owned by corporate insiders.

A number of institutional investors have recently modified their holdings of the business. BlackRock Inc. lifted its stake in shares of TFS Financial by 14.6% in the fourth quarter. BlackRock Inc. now owns 2,940,846 shares of the bank’s stock valued at $43,936,000 after purchasing an additional 375,235 shares during the period. Wells Fargo & Company MN boosted its position in shares of TFS Financial by 316.5% in the first quarter. Wells Fargo & Company MN now owns 215,597 shares of the bank’s stock valued at $3,167,000 after acquiring an additional 163,833 shares during the period. Jacobs Asset Management LLC boosted its position in shares of TFS Financial by 57.3% in the first quarter. Jacobs Asset Management LLC now owns 379,391 shares of the bank’s stock valued at $5,573,000 after acquiring an additional 138,191 shares during the period. Deutsche Bank AG boosted its position in shares of TFS Financial by 61.3% in the fourth quarter. Deutsche Bank AG now owns 300,739 shares of the bank’s stock valued at $4,492,000 after acquiring an additional 114,236 shares during the period. Finally, Goldman Sachs Group Inc. boosted its position in shares of TFS Financial by 80.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 211,628 shares of the bank’s stock valued at $3,162,000 after acquiring an additional 94,241 shares during the period. 10.96% of the stock is currently owned by institutional investors.

TFS Financial traded down $0.06, reaching $15.31, during midday trading on Friday, MarketBeat Ratings reports. The stock had a trading volume of 77,551 shares, compared to its average volume of 129,612. TFS Financial has a 1-year low of $14.32 and a 1-year high of $16.62. The firm has a market cap of $4.31 billion, a PE ratio of 47.84 and a beta of 0.38. The company has a debt-to-equity ratio of 2.10, a quick ratio of 1.55 and a current ratio of 1.54.

TFS Financial (NASDAQ:TFSL) last released its earnings results on Monday, July 30th. The bank reported $0.07 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.02). TFS Financial had a return on equity of 5.33% and a net margin of 19.03%. The business had revenue of $77.46 million for the quarter, compared to analyst estimates of $76.80 million. equities research analysts predict that TFS Financial will post 0.32 EPS for the current year.

TFS Financial Company Profile

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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