TFS Financial (NASDAQ:TFSL) Given New $18.00 Price Target at Piper Sandler

Key Points

• Piper Sandler lowered TFS Financial’s price target from $18.50 to $18.00 while maintaining a neutral rating, implying approximately 9.6% upside from the stock’s $16.43 price.
• Analyst sentiment remains cautious, with one Buy rating and three Hold ratings; the consensus rating is Hold and the average price target is $18.00.
• TFS Financial met quarterly earnings expectations with EPS of $0.09 and exceeded revenue estimates, reporting $93.53 million versus the $90.22 million consensus.

TFS Financial (NASDAQ:TFSL - Get Free Report) had its price objective reduced by research analysts at Piper Sandler from $18.50 to $18.00 in a research note issued on Monday, Benzinga reports. The firm currently has a "neutral" rating on the bank's stock. Piper Sandler's price target would indicate a potential upside of 9.59% from the company's current price.

Other equities research analysts have also issued research reports about the stock. Keefe, Bruyette & Woods reiterated a "market perform" rating and set a $18.00 price objective (up from $16.00) on shares of TFS Financial in a report on Monday, August 3rd. Weiss Ratings upgraded TFS Financial from a "buy (b-)" rating to a "buy (b)" rating in a report on Tuesday, August 11th. Finally, Wall Street Zen raised TFS Financial from a "sell" rating to a "hold" rating in a research note on Saturday, August 1st. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, TFS Financial currently has a consensus rating of "Hold" and an average price target of $18.00.

TFS Financial Trading Down 0.0%

TFS Financial stock traded down $0.01 during mid-day trading on Monday, hitting $16.43. The company's stock had a trading volume of 330,414 shares, compared to its average volume of 807,853. The company has a debt-to-equity ratio of 2.97, a quick ratio of 1.66 and a current ratio of 1.67. The company has a 50 day moving average of $16.82 and a 200-day moving average of $15.94. TFS Financial has a one year low of $13.20 and a one year high of $19.49. The stock has a market cap of $4.61 billion, a PE ratio of 45.68 and a beta of 0.70.

TFS Financial (NASDAQ:TFSL - Get Free Report) last released its earnings results on Thursday, October 29th. The bank reported $0.09 earnings per share for the quarter, hitting the consensus estimate of $0.09. The business had revenue of $93.53 million during the quarter, compared to the consensus estimate of $90.22 million. TFS Financial had a return on equity of 5.23% and a net margin of 12.00%. On average, research analysts anticipate that TFS Financial will post 0.40 EPS for the current year.

Insider Buying and Selling

In other TFS Financial news, insider Gavin B. Stefanski sold 6,500 shares of the stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $18.35, for a total transaction of $119,275.00. Following the sale, the insider owned 19,266 shares of the company's stock, valued at approximately $353,531.10. This trade represents a 25.23% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Bradley T. Stefanski sold 10,000 shares of TFS Financial stock in a transaction on Friday, September 11th. The shares were sold at an average price of $16.94, for a total value of $169,400.00. Following the completion of the transaction, the insider owned 38,720 shares in the company, valued at $655,916.80. This represents a 20.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 17,100 shares of company stock valued at $299,475 in the last three months. 0.72% of the stock is currently owned by insiders.

Hedge Funds Weigh In On TFS Financial

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vise Technologies Inc. raised its holdings in TFS Financial by 6.0% in the third quarter. Vise Technologies Inc. now owns 10,750 shares of the bank's stock worth $174,000 after purchasing an additional 607 shares in the last quarter. Investment Partners LTD. purchased a new stake in TFS Financial in the third quarter valued at about $221,000. Inspire Investing LLC boosted its holdings in TFS Financial by 2.7% in the third quarter. Inspire Investing LLC now owns 39,423 shares of the bank's stock worth $639,000 after acquiring an additional 1,028 shares in the last quarter. Compass Wealth Management LLC purchased a new stake in shares of TFS Financial during the third quarter worth about $39,000. Finally, Nisa Investment Advisors LLC grew its stake in shares of TFS Financial by 43.7% during the third quarter. Nisa Investment Advisors LLC now owns 25,440 shares of the bank's stock worth $412,000 after acquiring an additional 7,733 shares during the last quarter. Hedge funds and other institutional investors own 9.81% of the company's stock.

TFS Financial Company Profile

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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