TFS Financial (NASDAQ:TFSL) Upgraded to Buy by BidaskClub

BidaskClub upgraded shares of TFS Financial (NASDAQ:TFSL) from a hold rating to a buy rating in a report issued on Tuesday morning, BidAskClub reports.

Other analysts have also recently issued research reports about the stock. ValuEngine cut shares of TFS Financial from a hold rating to a sell rating in a research note on Wednesday, October 2nd. Zacks Investment Research cut shares of TFS Financial from a hold rating to a sell rating in a research note on Tuesday, August 13th.

Shares of TFSL stock opened at $19.70 on Tuesday. The stock has a market cap of $4.43 billion, a P/E ratio of 70.36 and a beta of 0.18. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.52 and a quick ratio of 1.52. The company has a fifty day moving average price of $18.55 and a two-hundred day moving average price of $17.85. TFS Financial has a one year low of $15.01 and a one year high of $19.77.

TFS Financial (NASDAQ:TFSL) last announced its quarterly earnings results on Wednesday, October 30th. The bank reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.02. The firm had revenue of $70.13 million during the quarter. TFS Financial had a net margin of 15.97% and a return on equity of 4.64%.

In other news, Chairman Marc A. Stefanski sold 13,222 shares of the firm’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $18.00, for a total transaction of $237,996.00. Following the completion of the sale, the chairman now owns 229,400 shares in the company, valued at approximately $4,129,200. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 1.78% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of TFSL. Strategic Wealth Partners Ltd. lifted its stake in shares of TFS Financial by 2,727.3% during the 3rd quarter. Strategic Wealth Partners Ltd. now owns 1,555 shares of the bank’s stock worth $27,000 after buying an additional 1,500 shares during the last quarter. Meeder Asset Management Inc. acquired a new stake in shares of TFS Financial during the 2nd quarter worth about $33,000. McIlrath & Eck LLC acquired a new stake in shares of TFS Financial during the 3rd quarter worth about $58,000. JPMorgan Chase & Co. lifted its stake in shares of TFS Financial by 26.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 4,149 shares of the bank’s stock worth $74,000 after buying an additional 879 shares during the last quarter. Finally, BNP Paribas Arbitrage SA lifted its stake in shares of TFS Financial by 26.3% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 6,809 shares of the bank’s stock worth $123,000 after buying an additional 1,417 shares during the last quarter. Institutional investors own 14.33% of the company’s stock.

About TFS Financial

TFS Financial Corporation, through its subsidiaries, provides retail consumer banking services in the United States. The company's deposit products include savings, money market, checking, certificate of deposit, individual retirement, and other qualified plan accounts. It 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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