TFS Financial Corporation (TFSL) Given Average Recommendation of “Hold” by Analysts
TFS Financial Corporation (NASDAQ:TFSL) has earned a consensus broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold rating.
Brokerages have set a 1-year consensus price target of $18.50 for the company and are anticipating that the company will post $0.08 earnings per share for the current quarter, according to Zacks. Zacks has also given TFS Financial Corporation an industry rank of 98 out of 265 based on the ratings given to its competitors.
TFSL has been the subject of a number of research analyst reports. Piper Jaffray Companies restated a “hold” rating and set a $18.50 price objective on shares of TFS Financial Corporation in a report on Friday, July 28th. BidaskClub upgraded shares of TFS Financial Corporation from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 2nd. ValuEngine downgraded shares of TFS Financial Corporation from a “hold” rating to a “sell” rating in a report on Friday, September 1st. Finally, TheStreet upgraded shares of TFS Financial Corporation from a “c+” rating to a “b-” rating in a report on Monday, October 30th.
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In other news, Director Anthony J. Asher sold 4,165 shares of TFS Financial Corporation stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $15.33, for a total value of $63,849.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.39% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently bought and sold shares of TFSL. The Manufacturers Life Insurance Company increased its stake in shares of TFS Financial Corporation by 7.1% in the second quarter. The Manufacturers Life Insurance Company now owns 8,641 shares of the bank’s stock worth $134,000 after purchasing an additional 574 shares in the last quarter. Blue Sky Asset Management LLC purchased a new position in shares of TFS Financial Corporation in the second quarter worth about $142,000. Pacer Advisors Inc. increased its stake in shares of TFS Financial Corporation by 11.4% in the second quarter. Pacer Advisors Inc. now owns 10,555 shares of the bank’s stock worth $163,000 after purchasing an additional 1,082 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of TFS Financial Corporation in the third quarter worth about $281,000. Finally, Nomura Holdings Inc. purchased a new position in shares of TFS Financial Corporation in the second quarter worth about $309,000. Hedge funds and other institutional investors own 10.87% of the company’s stock.
TFS Financial Corporation (TFSL) traded up $0.17 during trading on Friday, hitting $14.96. 120,000 shares of the company’s stock were exchanged, compared to its average volume of 169,751. The company has a market capitalization of $4,162.58, a price-to-earnings ratio of 47.71 and a beta of 0.53. The company has a debt-to-equity ratio of 2.11, a current ratio of 1.53 and a quick ratio of 1.53. TFS Financial Corporation has a 12-month low of $14.68 and a 12-month high of $19.89.
TFS Financial Corporation (NASDAQ:TFSL) last posted its quarterly earnings data on Monday, October 30th. The bank reported $0.08 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.08. TFS Financial Corporation had a net margin of 20.73% and a return on equity of 5.31%. The business had revenue of $70.11 million during the quarter, compared to the consensus estimate of $70.71 million. During the same quarter last year, the company posted $0.08 earnings per share. The firm’s quarterly revenue was up 3.7% compared to the same quarter last year. sell-side analysts forecast that TFS Financial Corporation will post 0.32 earnings per share for the current fiscal year.
About TFS Financial Corporation
TFS Financial Corporation is the holding company of Third Federal Savings and Loan Association of Cleveland (Association). The Association is a savings and loan association. The Association’s principal business consists of originating and servicing residential real estate mortgage loans and attracting retail savings deposits.
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