TFS Financial (TFSL) Upgraded to “Buy” by ValuEngine

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ValuEngine upgraded shares of TFS Financial (NASDAQ:TFSL) from a hold rating to a buy rating in a research note released on Friday.

Other research analysts have also issued reports about the stock. Sandler O’Neill started coverage on shares of TFS Financial in a research report on Friday, September 21st. They set a buy rating and a $18.00 price target on the stock. BidaskClub raised shares of TFS Financial from a hold rating to a buy rating in a research report on Wednesday, October 31st. 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.

TFSL opened at $15.82 on Friday. The company has a debt-to-equity ratio of 2.10, a quick ratio of 1.54 and a current ratio of 1.54. TFS Financial has a fifty-two week low of $14.19 and a fifty-two week high of $16.62. The stock has a market cap of $4.47 billion, a P/E ratio of 49.44 and a beta of 0.29.

TFS Financial (NASDAQ:TFSL) last released its quarterly earnings results on Monday, October 29th. The bank reported $0.08 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.08. TFS Financial had a net margin of 18.38% and a return on equity of 5.22%. The company had revenue of $73.87 million for the quarter, compared to analyst estimates of $75.60 million. Equities research analysts predict that TFS Financial will post 0.34 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 12th. Investors of record on Wednesday, November 28th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.32%. The ex-dividend date is Tuesday, November 27th. TFS Financial’s payout ratio is currently 312.50%.

In related news, Chairman Marc A. Stefanski sold 2,570 shares of the firm’s stock in a transaction dated Wednesday, August 22nd. The shares were sold at an average price of $15.44, for a total transaction of $39,680.80. Following the transaction, the chairman now directly owns 87,311 shares of the company’s stock, valued at $1,348,081.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.60% of the stock is owned by company insiders.

A number of hedge funds have recently made changes to their positions in TFSL. Maltese Capital Management LLC bought a new stake in TFS Financial in the third quarter worth about $5,092,000. Bank of America Corp DE raised its position in TFS Financial by 45.7% in the second quarter. Bank of America Corp DE now owns 558,081 shares of the bank’s stock worth $8,801,000 after acquiring an additional 175,106 shares during the period. Millennium Management LLC bought a new stake in TFS Financial in the second quarter worth about $2,671,000. First Trust Advisors LP raised its position in TFS Financial by 20.3% in the third quarter. First Trust Advisors LP now owns 478,273 shares of the bank’s stock worth $7,179,000 after acquiring an additional 80,784 shares during the period. Finally, Sei Investments Co. raised its position in TFS Financial by 39.4% in the second quarter. Sei Investments Co. now owns 234,486 shares of the bank’s stock worth $3,698,000 after acquiring an additional 66,274 shares during the period. 10.84% of the stock is currently owned by institutional investors and hedge funds.

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.

See Also: What are Institutional Investors?

To view ValuEngine’s full report, visit ValuEngine’s official website.

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