Weiss Ratings Reaffirms “Hold (C+)” Rating for TFS Financial (NASDAQ:TFSL)

TFS Financial (NASDAQ:TFSL)‘s stock had its “hold (c+)” rating reiterated by Weiss Ratings in a research report issued to clients and investors on Saturday,Weiss Ratings reports.

TFS Financial Trading Up 1.8%

Shares of TFSL opened at $13.61 on Friday. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 2.59. TFS Financial has a 12-month low of $11.29 and a 12-month high of $14.99. The firm has a 50-day moving average price of $13.41 and a 200 day moving average price of $13.12. The firm has a market capitalization of $3.82 billion, a P/E ratio of 46.93 and a beta of 0.73.

TFS Financial (NASDAQ:TFSL) last announced its quarterly earnings data on Wednesday, July 30th. The bank reported $0.08 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.08. TFS Financial had a net margin of 10.67% and a return on equity of 4.40%. The firm had revenue of $82.04 million during the quarter, compared to analyst estimates of $80.30 million. Sell-side analysts forecast that TFS Financial will post 0.29 EPS for the current year.

Insider Transactions at TFS Financial

In related news, CFO Meredith S. Weil sold 15,000 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $13.70, for a total value of $205,500.00. Following the completion of the sale, the chief financial officer owned 63,527 shares of the company’s stock, valued at approximately $870,319.90. This represents a 19.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Daniel F. Weir sold 3,900 shares of the company’s stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $13.37, for a total transaction of $52,143.00. Following the completion of the sale, the director directly owned 14,941 shares of the company’s stock, valued at $199,761.17. This represents a 20.70% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 38,100 shares of company stock valued at $516,267 in the last three months. 0.95% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Fifth Third Bancorp acquired a new position in TFS Financial in the second quarter valued at about $25,000. Summit Securities Group LLC acquired a new position in TFS Financial in the first quarter valued at about $29,000. Quarry LP lifted its position in TFS Financial by 260.1% in the first quarter. Quarry LP now owns 3,993 shares of the bank’s stock valued at $49,000 after buying an additional 2,884 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in TFS Financial by 913.3% in the second quarter. Tower Research Capital LLC TRC now owns 5,249 shares of the bank’s stock valued at $68,000 after buying an additional 4,731 shares during the last quarter. Finally, CoreCap Advisors LLC lifted its position in TFS Financial by 35.5% in the third quarter. CoreCap Advisors LLC now owns 6,776 shares of the bank’s stock valued at $89,000 after buying an additional 1,776 shares during the last quarter. Institutional investors and hedge funds own 9.81% of the company’s stock.

About TFS Financial

TFS Financial Corporation, through its subsidiaries, provides retail consumer banking services in the United States. Its deposit products include savings, money market, checking, individual retirement, and other qualified plan accounts, as well as certificates of deposit. 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.