TFS Financial (NASDAQ:TFSL) Downgraded to Buy at BidaskClub

TFS Financial (NASDAQ:TFSL) was downgraded by equities researchers at BidaskClub from a “strong-buy” rating to a “buy” rating in a research note issued on Thursday, BidAskClub reports.

A number of other equities research analysts also recently commented on the company. ValuEngine upgraded TFS Financial from a “sell” rating to a “hold” rating in a research report on Saturday, December 7th. Zacks Investment Research upgraded TFS Financial from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a research report on Wednesday, March 18th.

Shares of NASDAQ:TFSL traded up $0.75 during mid-day trading on Thursday, reaching $15.26. The stock had a trading volume of 8,353 shares, compared to its average volume of 478,874. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 2.25. The company has a market cap of $4.19 billion, a P/E ratio of 50.80 and a beta of 0.15. TFS Financial has a 1 year low of $13.62 and a 1 year high of $22.47. The business’s 50 day moving average price is $20.13 and its 200 day moving average price is $19.44.

TFS Financial (NASDAQ:TFSL) last posted its earnings results on Thursday, January 30th. The bank reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.03. The company had revenue of $76.12 million for the quarter. TFS Financial had a return on equity of 4.98% and a net margin of 16.72%. Analysts predict that TFS Financial will post 0.23 earnings per share for the current fiscal year.

In other TFS Financial news, CFO Paul J. Huml sold 3,819 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $21.84, for a total transaction of $83,406.96. Following the sale, the chief financial officer now directly owns 116,007 shares in the company, valued at $2,533,592.88. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 1.55% of the company’s stock.

Hedge funds have recently modified their holdings of the business. Signaturefd LLC grew its stake in shares of TFS Financial by 170.5% during the fourth quarter. Signaturefd LLC now owns 2,023 shares of the bank’s stock valued at $40,000 after buying an additional 1,275 shares during the last quarter. Orion Portfolio Solutions LLC bought a new position in shares of TFS Financial during the fourth quarter valued at approximately $45,000. Cubist Systematic Strategies LLC grew its stake in shares of TFS Financial by 17.0% during the fourth quarter. Cubist Systematic Strategies LLC now owns 3,276 shares of the bank’s stock valued at $64,000 after buying an additional 476 shares during the last quarter. Great West Life Assurance Co. Can bought a new position in shares of TFS Financial during the fourth quarter valued at approximately $72,000. Finally, McIlrath & Eck LLC grew its stake in shares of TFS Financial by 16.7% during the fourth quarter. McIlrath & Eck LLC now owns 3,788 shares of the bank’s stock valued at $75,000 after buying an additional 543 shares during the last quarter. Institutional investors and hedge funds own 11.28% 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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