TFS Financial (NASDAQ:TFSL) Downgraded by Wall Street Zen to "Sell"

Key Points

• Wall Street Zen downgraded TFS Financial from “hold” to “sell.” Despite the downgrade, analysts overall maintain a “hold” consensus with an average price target of $18.
• TFS Financial reported quarterly EPS of $0.09, matching consensus, while revenue of $93.53 million topped analyst estimates of $90.22 million.
• Insider Bradley Stefanski sold 10,000 shares for $169,400, reducing his holdings by 20.53%.

TFS Financial (NASDAQ:TFSL - Get Free Report) was downgraded by Wall Street Zen from a "hold" rating to a "sell" rating in a report issued on Saturday, Wall Street Zen reports.

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

TFS Financial Stock Performance

NASDAQ TFSL opened at $16.43 on Friday. The company has a 50 day moving average price of $16.69 and a 200 day moving average price of $16.00. TFS Financial has a 52 week low of $13.20 and a 52 week high of $19.49. The firm has a market cap of $4.61 billion, a PE ratio of 45.89 and a beta of 0.71. The company has a quick ratio of 1.66, a current ratio of 1.67 and a debt-to-equity ratio of 2.97.

TFS Financial (NASDAQ:TFSL - Get Free Report) last announced its earnings results on Thursday, October 29th. The bank reported $0.09 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.09. The business had revenue of $93.53 million for 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, sell-side analysts forecast that TFS Financial will post 0.38 EPS for the current fiscal year.

Insider Transactions at TFS Financial

In other news, insider Bradley Stefanski sold 10,000 shares of TFS Financial stock in a transaction on Friday, September 11th. The stock was sold at an average price of $16.94, for a total value of $169,400.00. Following the completion of the sale, the insider owned 38,720 shares of the company's stock, valued at $655,916.80. The trade was a 20.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.72% of the company's stock.

Hedge Funds Weigh In On TFS Financial

Several large investors have recently bought and sold shares of TFSL. BlackRock Inc. bought a new stake in shares of TFS Financial in the 2nd quarter worth approximately $69,398,000. Lakewood Capital Management LP purchased a new stake in TFS Financial in the second quarter valued at approximately $36,687,000. Bank of New York Mellon Corp purchased a new stake in shares of TFS Financial in the second quarter valued at approximately $33,176,000. Bank of America Corp DE acquired a new position in shares of TFS Financial during the 2nd quarter worth about $15,616,000. Finally, Beverly Hills Private Wealth LLC purchased a new position in TFS Financial in the second quarter worth $6,631,000. 9.81% of the stock is currently owned by institutional investors and hedge funds.

About TFS Financial

TFS Financial Corporation is the holding company for Third Federal Savings and Loan Association of Cleveland, a federally chartered savings institution headquartered in Cleveland, Ohio. Founded in 1938, Third Federal provides banking and lending services to consumers, with a primary focus on residential real estate finance.

The company offers deposit products such as savings and checking accounts, certificates of deposit and individual retirement accounts. Its lending activities include residential mortgage loans, home equity loans and lines of credit, and other consumer-focused financing products.

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