Zacks: TFS Financial Co. (TFSL) Given Consensus Recommendation of “Hold” by Brokerages

Shares of TFS Financial Co. (NASDAQ:TFSL) have been assigned 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.

Analysts have set a one year consensus target price of $17.00 for the company and are predicting that the company will post $0.08 earnings per share for the current quarter, according to Zacks. Zacks has also given TFS Financial an industry rank of 121 out of 255 based on the ratings given to related companies.

A number of equities research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of TFS Financial from a “sell” rating to a “hold” rating in a research note on Friday, June 29th. BidaskClub downgraded shares of TFS Financial from a “hold” rating to a “sell” rating in a research note on Wednesday, July 11th. Finally, ValuEngine upgraded shares of TFS Financial from a “sell” rating to a “hold” rating in a research note on Friday, June 1st.

In other TFS Financial news, CEO Marc A. Stefanski sold 6,630 shares of TFS Financial stock in a transaction on Thursday, May 17th. The stock was sold at an average price of $15.16, for a total transaction of $100,510.80. Following the completion of the transaction, the chief executive officer now directly owns 147,311 shares of the company’s stock, valued at $2,233,234.76. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Marc A. Stefanski sold 12,960 shares of TFS Financial stock in a transaction on Thursday, June 14th. The shares were sold at an average price of $15.78, for a total value of $204,508.80. Following the transaction, the chairman now directly owns 239,311 shares of the company’s stock, valued at $3,776,327.58. The disclosure for this sale can be found here. 1.60% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. Ostrum Asset Management bought a new position in shares of TFS Financial in the first quarter valued at about $103,000. Bank of Montreal Can bought a new position in shares of TFS Financial in the second quarter valued at about $104,000. PNC Financial Services Group Inc. raised its holdings in shares of TFS Financial by 234.4% in the second quarter. PNC Financial Services Group Inc. now owns 8,010 shares of the bank’s stock valued at $125,000 after buying an additional 5,615 shares during the last quarter. Two Sigma Investments LP bought a new position in shares of TFS Financial in the fourth quarter valued at about $167,000. Finally, BNP Paribas Arbitrage SA raised its holdings in shares of TFS Financial by 93.7% in the second quarter. BNP Paribas Arbitrage SA now owns 11,901 shares of the bank’s stock valued at $188,000 after buying an additional 5,758 shares during the last quarter. 10.96% of the stock is owned by institutional investors.

Shares of TFS Financial traded down $0.06, hitting $15.31, during midday trading on Friday, MarketBeat reports. The company had a trading volume of 77,551 shares, compared to its average volume of 129,612. The company has a market cap of $4.31 billion, a price-to-earnings ratio of 47.84 and a beta of 0.38. The company has a current ratio of 1.54, a quick ratio of 1.55 and a debt-to-equity ratio of 2.10. TFS Financial has a 1-year low of $14.32 and a 1-year high of $16.62.

TFS Financial (NASDAQ:TFSL) last posted its quarterly earnings results on Monday, July 30th. The bank reported $0.07 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.09 by ($0.02). TFS Financial had a return on equity of 5.33% and a net margin of 19.03%. The business had revenue of $77.46 million for the quarter, compared to analyst estimates of $76.80 million. research analysts forecast that TFS Financial will post 0.32 earnings per share for the current fiscal year.

TFS Financial Company Profile

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

Further Reading: Analyst Ratings

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