Wall Street Zen cut shares of TFS Financial (NASDAQ:TFSL – Free Report) from a hold rating to a sell rating in a report published on Saturday,Wall Street Zen reports.
TFSL has been the subject of a number of other reports. Weiss Ratings upgraded TFS Financial from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, August 11th. Piper Sandler cut their price objective on TFS Financial from $18.50 to $18.00 and set a “neutral” rating on the stock in a research note on Monday, November 2nd. Finally, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $18.00 target price (up from $16.00) on shares of TFS Financial in a report on Monday, August 3rd. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $18.00.
Read Our Latest Stock Report on TFS Financial
TFS Financial Stock Performance
NASDAQ TFSL opened at $16.43 on Friday. TFS Financial has a 12 month low of $13.20 and a 12 month high of $19.49. The company has a debt-to-equity ratio of 2.97, a current ratio of 1.67 and a quick ratio of 1.66. The company has a market capitalization of $4.61 billion, a price-to-earnings ratio of 45.64 and a beta of 0.71. The company’s fifty day moving average price is $16.69 and its two-hundred day moving average price is $16.00.
TFS Financial (NASDAQ:TFSL – Get Free Report) last released its earnings results on Thursday, October 29th. The bank reported $0.09 earnings per share for the quarter, hitting the consensus estimate of $0.09. The company had revenue of $93.53 million during the quarter, compared to the consensus estimate of $90.22 million. TFS Financial had a net margin of 12.00% and a return on equity of 5.23%. As a group, research analysts predict that TFS Financial will post 0.38 earnings per share for the current fiscal year.
TFS Financial Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 23rd. Shareholders of record on Wednesday, September 9th were issued a dividend of $0.3175 per share. This represents a $1.27 dividend on an annualized basis and a dividend yield of 7.7%. This is a positive change from TFS Financial’s previous quarterly dividend of $0.2825. The ex-dividend date of this dividend was Wednesday, September 9th. TFS Financial’s dividend payout ratio is currently 352.78%.
Insider Buying and Selling at TFS Financial
In other news, insider Bradley Stefanski sold 10,000 shares of TFS Financial stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $16.94, for a total value of $169,400.00. Following the completion of the transaction, the insider directly owned 38,720 shares of the company’s stock, valued at approximately $655,916.80. The trade was a 20.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.72% of the company’s stock.
Hedge Funds Weigh In On TFS Financial
Large investors have recently bought and sold shares of the business. Toth Financial Advisory Corp bought a new position in shares of TFS Financial during the second quarter valued at approximately $35,000. Allworth Financial LP acquired a new stake in shares of TFS Financial during the 2nd quarter worth approximately $36,000. Compass Wealth Management LLC acquired a new stake in shares of TFS Financial during the 3rd quarter worth approximately $39,000. Global Retirement Partners LLC bought a new stake in shares of TFS Financial in the 2nd quarter worth approximately $44,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of TFS Financial by 45.1% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,706 shares of the bank’s stock worth $38,000 after purchasing an additional 841 shares during the last quarter. Institutional investors own 9.81% of the company’s stock.
About TFS Financial
TFS Financial Corporation is the holding company for Third Federal Savings and Loan Association of Cleveland, a federally chartered savings institution headquartered in Cleveland, Ohio. Founded in 1938, Third Federal provides banking and lending services to consumers, with a primary focus on residential real estate finance.
The company offers deposit products such as savings and checking accounts, certificates of deposit and individual retirement accounts. Its lending activities include residential mortgage loans, home equity loans and lines of credit, and other consumer-focused financing products.
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