Zacks: TFS Financial Co. (TFSL) Given $18.50 Average Target Price by Analysts
TFS Financial Co. (NASDAQ:TFSL) has been given a consensus broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating.
Brokerages have set a 12-month consensus target price of $18.50 for the company and are anticipating that the company will post $0.08 EPS for the current quarter, according to Zacks. Zacks has also given TFS Financial an industry rank of 96 out of 265 based on the ratings given to its competitors.
Several brokerages have recently commented on TFSL. ValuEngine lowered shares of TFS Financial from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. TheStreet upgraded shares of TFS Financial from a “c+” rating to a “b-” rating in a research note on Monday, October 30th. Finally, BidaskClub lowered shares of TFS Financial from a “hold” rating to a “sell” rating in a research note on Saturday, December 16th.
TFS Financial (NASDAQ:TFSL) last announced its quarterly earnings results on Monday, October 30th. The bank reported $0.08 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.08. TFS Financial had a net margin of 20.73% and a return on equity of 5.30%. The company had revenue of $70.11 million for the quarter, compared to analyst estimates of $70.71 million. During the same quarter in the prior year, the business posted $0.08 EPS. TFS Financial’s quarterly revenue was up 3.7% on a year-over-year basis. research analysts expect that TFS Financial will post 0.32 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 12th. Stockholders of record on Tuesday, November 28th were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Monday, November 27th. This represents a $0.68 annualized dividend and a dividend yield of 4.49%. TFS Financial’s dividend payout ratio (DPR) is 219.35%.
In other news, Director Anthony J. Asher sold 4,165 shares of the stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $15.33, for a total transaction of $63,849.45. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.39% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of TFSL. The Manufacturers Life Insurance Company boosted its holdings in shares of TFS Financial by 7.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,641 shares of the bank’s stock worth $134,000 after buying an additional 574 shares during the period. Pacer Advisors Inc. boosted its holdings in shares of TFS Financial by 11.4% during the 2nd quarter. Pacer Advisors Inc. now owns 10,555 shares of the bank’s stock worth $163,000 after buying an additional 1,082 shares during the period. Susquehanna International Group LLP bought a new stake in shares of TFS Financial during the 3rd quarter worth $172,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of TFS Financial during the 3rd quarter worth $281,000. Finally, Nomura Holdings Inc. bought a new stake in shares of TFS Financial during the 2nd quarter worth $309,000. 10.97% of the stock is owned by institutional investors and hedge funds.
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TFS Financial Company Profile
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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