TFS Financial (NASDAQ:TFSL) Cut to “Sell” at Wall Street Zen

Wall Street Zen cut shares of TFS Financial (NASDAQ:TFSL) from a hold rating to a sell rating in a report released on Saturday morning,Wall Street Zen reports.

Other analysts have also recently issued reports about the stock. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $18.00 price objective (up from $16.00) on shares of TFS Financial in a research note on Monday, August 3rd. Weiss Ratings raised TFS Financial from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, August 11th. Finally, Piper Sandler reduced their target price on TFS Financial from $18.50 to $18.00 and set a “neutral” rating on the stock in a report on Monday, November 2nd. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $18.00.

TFS Financial Trading Up 1.0%

Shares of TFSL stock opened at $16.59 on Friday. The firm’s 50-day simple moving average is $16.67 and its 200-day simple moving average is $16.01. The company has a debt-to-equity ratio of 2.97, a current ratio of 1.67 and a quick ratio of 1.66. TFS Financial has a 1-year low of $13.20 and a 1-year high of $19.49. The firm has a market cap of $4.65 billion, a P/E ratio of 46.42 and a beta of 0.71.

TFS Financial (NASDAQ:TFSL) last issued its quarterly earnings results on Thursday, October 29th. The bank reported $0.09 EPS for the quarter, hitting the consensus estimate of $0.09. The firm had revenue of $93.53 million during the quarter, compared to analyst estimates of $90.22 million. TFS Financial had a net margin of 12.00% and a return on equity of 5.23%. As a group, equities analysts forecast that TFS Financial will post 0.38 EPS for the current year.

TFS Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 23rd. Investors of record on Wednesday, September 9th were issued a $0.3175 dividend. The ex-dividend date was Wednesday, September 9th. This is a positive change from TFS Financial’s previous quarterly dividend of $0.2825. This represents a $1.27 annualized dividend and a yield of 7.7%. TFS Financial’s payout ratio is 352.78%.

Insiders Place Their Bets

In other TFS Financial news, insider Bradley Stefanski sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $16.94, for a total transaction of $169,400.00. Following the completion of the sale, the insider directly owned 38,720 shares in the company, valued at $655,916.80. The trade was a 20.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.72% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On TFS Financial

A number of hedge funds have recently made changes to their positions in TFSL. BlackRock Inc. purchased a new stake in TFS Financial during the 2nd quarter worth $69,398,000. Dimensional Fund Advisors LP raised its position in TFS Financial by 5.2% in the first quarter. Dimensional Fund Advisors LP now owns 3,083,792 shares of the bank’s stock valued at $43,324,000 after purchasing an additional 152,041 shares during the period. Lakewood Capital Management LP purchased a new position in TFS Financial in the second quarter valued at about $36,687,000. Bank of New York Mellon Corp acquired a new position in shares of TFS Financial during the second quarter worth about $33,176,000. Finally, Bank of America Corp DE acquired a new position in shares of TFS Financial during the second quarter worth about $15,616,000. Hedge funds and other institutional investors own 9.81% of the company’s stock.

About TFS Financial