TFS Financial (NASDAQ:TFSL) Rating Increased to Hold at Wall Street Zen

TFS Financial (NASDAQ:TFSL) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a note issued to investors on Saturday.

Separately, Weiss Ratings reiterated a “hold (c+)” rating on shares of TFS Financial in a research note on Wednesday, October 8th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $15.00.

TFS Financial Trading Up 0.4%

TFS Financial stock opened at $13.30 on Friday. TFS Financial has a 1 year low of $11.29 and a 1 year high of $14.99. The firm’s 50-day moving average is $13.43 and its 200-day moving average is $13.17. The company has a debt-to-equity ratio of 2.59, a quick ratio of 1.54 and a current ratio of 1.54. The company has a market cap of $3.73 billion, a P/E ratio of 45.86 and a beta of 0.73.

TFS Financial (NASDAQ:TFSL) last released its quarterly earnings data on Thursday, October 30th. The bank reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.01. The firm had revenue of $85.48 million for the quarter, compared to analyst estimates of $84.36 million. TFS Financial had a net margin of 10.67% and a return on equity of 4.40%. On average, equities analysts expect that TFS Financial will post 0.29 earnings per share for the current year.

Insider Buying and Selling at TFS Financial

In related news, Director Daniel F. Weir sold 3,900 shares of TFS Financial 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 sale, the director directly owned 14,941 shares in the company, valued at $199,761.17. The trade was a 20.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Marc A. Stefanski sold 7,200 shares of the company’s stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $14.17, for a total transaction of $102,024.00. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 38,100 shares of company stock valued at $516,267. 0.95% of the stock is currently owned by insiders.

Institutional Investors Weigh In On TFS Financial

A number of large investors have recently made changes to their positions in TFSL. Bank of New York Mellon Corp boosted its position in TFS Financial by 3.1% during the second quarter. Bank of New York Mellon Corp now owns 1,540,799 shares of the bank’s stock valued at $19,953,000 after purchasing an additional 46,080 shares during the last quarter. Cramer Rosenthal Mcglynn LLC raised its stake in shares of TFS Financial by 6.4% during the 1st quarter. Cramer Rosenthal Mcglynn LLC now owns 1,388,669 shares of the bank’s stock worth $17,206,000 after purchasing an additional 84,002 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of TFS Financial by 2.1% during the 2nd quarter. Geode Capital Management LLC now owns 1,154,189 shares of the bank’s stock worth $14,949,000 after purchasing an additional 23,622 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of TFS Financial by 5.4% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,019,107 shares of the bank’s stock valued at $13,197,000 after buying an additional 52,350 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of TFS Financial in the 2nd quarter valued at approximately $5,220,000. 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.