Zacks Research Upgrades TFS Financial (NASDAQ:TFSL) to “Hold”

TFS Financial (NASDAQ:TFSL) was upgraded by equities researchers at Zacks Research to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

A number of other research firms have also weighed in on TFSL. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of TFS Financial in a research note on Monday, December 29th. Wall Street Zen upgraded TFS Financial from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. Finally, Piper Sandler started coverage on TFS Financial in a report on Friday. They set a “neutral” rating and a $15.00 price objective for the company. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $15.00.

TFS Financial Stock Performance

Shares of TFS Financial stock opened at $14.10 on Monday. The business has a 50-day simple moving average of $13.93 and a 200 day simple moving average of $13.52. The firm has a market capitalization of $3.96 billion, a price-to-earnings ratio of 44.06 and a beta of 0.73. The company has a debt-to-equity ratio of 2.57, a current ratio of 1.54 and a quick ratio of 1.53. TFS Financial has a one year low of $11.29 and a one year high of $14.73.

TFS Financial (NASDAQ:TFSL) last released its quarterly earnings data on Thursday, October 30th. The bank reported $0.09 EPS for the quarter, beating the consensus estimate of $0.08 by $0.01. TFS Financial had a return on equity of 4.79% and a net margin of 11.48%.The firm had revenue of $85.48 million during the quarter, compared to the consensus estimate of $84.36 million. On average, research analysts anticipate that TFS Financial will post 0.29 earnings per share for the current fiscal year.

Insider Activity

In other TFS Financial news, insider Cathy W. Zbanek sold 20,000 shares of TFS Financial stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $14.13, for a total transaction of $282,600.00. Following the transaction, the insider owned 53,197 shares of the company’s stock, valued at $751,673.61. This trade represents a 27.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Meredith S. Weil sold 15,000 shares of the firm’s stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $13.85, for a total value of $207,750.00. Following the sale, the chief financial officer directly owned 48,527 shares of the company’s stock, valued at approximately $672,098.95. This represents a 23.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 47,600 shares of company stock worth $665,316. Corporate insiders own 0.72% of the company’s stock.

Institutional Investors Weigh In On TFS Financial

Several hedge funds and other institutional investors have recently modified their holdings of TFSL. AQR Capital Management LLC boosted its position in shares of TFS Financial by 19.2% in the first quarter. AQR Capital Management LLC now owns 17,350 shares of the bank’s stock valued at $215,000 after acquiring an additional 2,790 shares during the period. Goldman Sachs Group Inc. lifted its stake in TFS Financial by 64.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 91,920 shares of the bank’s stock worth $1,139,000 after purchasing an additional 36,004 shares in the last quarter. Empowered Funds LLC boosted its holdings in TFS Financial by 14.7% in the 1st quarter. Empowered Funds LLC now owns 24,168 shares of the bank’s stock valued at $299,000 after purchasing an additional 3,102 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of TFS Financial by 15.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 204,790 shares of the bank’s stock worth $2,537,000 after purchasing an additional 26,949 shares during the period. Finally, Jane Street Group LLC purchased a new stake in shares of TFS Financial in the first quarter worth $159,000. 9.81% of the stock is currently owned by institutional investors.

TFS Financial Company Profile

TFS Financial Corporation is a bank holding company for TFS Capital Bank, headquartered in Austin, Texas. The company offers commercial banking and specialty finance solutions designed to meet the unique needs of small and mid-sized businesses. Through its bank charter, TFS Financial provides a full suite of deposit products alongside a range of lending options tailored to growing enterprises.

The bank’s lending portfolio includes equipment financing, working capital lines of credit, and term loans structured to support capital expenditures and operational needs.