Shares of TFS Financial Co. (NASDAQ:TFSL) have earned an average broker rating score of 2.00 (Buy) from the two analysts that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold rating and one has given a strong buy rating to the company. TFS Financial’s rating score has improved by 33.3% in the last three months as a result of various analysts’ ratings changes.
Brokers have set a 1-year consensus price objective of $17.50 for the company and are forecasting 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 82 out of 255 based on the ratings given to related companies.
TFSL has been the subject of several analyst reports. Sandler O’Neill initiated coverage on shares of TFS Financial in a research note on Friday, September 21st. They issued a “buy” rating and a $18.00 price objective for the company. BidaskClub raised shares of TFS Financial from a “strong sell” rating to a “sell” rating in a research note on Tuesday, September 11th. Finally, Zacks Investment Research lowered shares of TFS Financial from a “hold” rating to a “sell” rating in a research report on Thursday, August 9th.
Shares of TFSL stock traded up $0.17 on Tuesday, hitting $14.76. The company’s stock had a trading volume of 137,400 shares, compared to its average volume of 175,352. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 2.10. TFS Financial has a fifty-two week low of $14.19 and a fifty-two week high of $16.62. The firm has a market cap of $4.21 billion, a PE ratio of 45.84 and a beta of 0.29.
TFS Financial (NASDAQ:TFSL) last released its quarterly earnings data on Monday, July 30th. The bank reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.02). TFS Financial had a net margin of 19.03% and a return on equity of 5.33%. The business had revenue of $77.46 million during the quarter, compared to analyst estimates of $76.80 million. As a group, analysts forecast that TFS Financial will post 0.32 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, September 24th. Shareholders of record on Monday, September 10th were given a dividend of $0.25 per share. This is a positive change from TFS Financial’s previous quarterly dividend of $0.17. The ex-dividend date was Friday, September 7th. This represents a $1.00 dividend on an annualized basis and a yield of 6.78%. TFS Financial’s payout ratio is currently 312.50%.
In other TFS Financial news, Chairman Marc A. Stefanski sold 2,570 shares of the business’s stock in a transaction on Wednesday, August 22nd. The shares were sold at an average price of $15.44, for a total transaction of $39,680.80. Following the completion of the transaction, the chairman now owns 87,311 shares of the company’s stock, valued at approximately $1,348,081.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.60% of the stock is owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in the business. Segall Bryant & Hamill LLC lifted its position in TFS Financial by 1.6% during the 2nd quarter. Segall Bryant & Hamill LLC now owns 202,295 shares of the bank’s stock worth $3,190,000 after acquiring an additional 3,235 shares during the last quarter. Swiss National Bank lifted its position in TFS Financial by 3.7% during the 1st quarter. Swiss National Bank now owns 98,000 shares of the bank’s stock worth $1,440,000 after acquiring an additional 3,500 shares during the last quarter. BW Gestao de Investimentos Ltda. lifted its position in TFS Financial by 12.9% during the 1st quarter. BW Gestao de Investimentos Ltda. now owns 37,717 shares of the bank’s stock worth $554,000 after acquiring an additional 4,300 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in TFS Financial by 234.4% during the 2nd quarter. PNC Financial Services Group Inc. now owns 8,010 shares of the bank’s stock worth $125,000 after acquiring an additional 5,615 shares during the last quarter. Finally, BNP Paribas Arbitrage SA lifted its position in TFS Financial by 93.7% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 11,901 shares of the bank’s stock worth $188,000 after acquiring an additional 5,758 shares during the last quarter. 10.90% of the stock is owned by hedge funds and other institutional investors.
About TFS Financial
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.
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