TFS Financial (NASDAQ:TFSL) Raised to "Hold" at Wall Street Zen

TFS Financial (NASDAQ:TFSL - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a report released on Sunday, Wall Street Zen reports.

A number of other equities research analysts have also issued reports on TFSL. 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 report on Monday, August 3rd. Piper Sandler dropped their price target on shares of 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 reaffirmed a "buy (b)" rating on shares of TFS Financial in a research report on Wednesday, November 4th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $18.00.

TFS Financial Stock Performance

Shares of NASDAQ TFSL remained flat at $16.38 during midday trading on Friday. 585,303 shares of the stock were exchanged, compared to its average volume of 746,906. The stock has a market cap of $4.59 billion, a PE ratio of 45.50 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. The firm has a fifty day moving average of $16.59 and a 200 day moving average of $16.06. TFS Financial has a fifty-two week low of $13.20 and a fifty-two week high of $19.49.

TFS Financial (NASDAQ:TFSL - Get Free Report) last issued its quarterly earnings data on Thursday, October 29th. The bank reported $0.09 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.09. The firm 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%. On average, research analysts expect that TFS Financial will post 0.38 earnings per share for the current year.

Insider Activity at TFS Financial

In related news, insider Bradley Stefanski sold 10,000 shares of the company's stock in a transaction dated 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 directly owned 38,720 shares of the company's stock, valued at $655,916.80. This represents a 20.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.72% of the company's stock.

Hedge Funds Weigh In On TFS Financial

Institutional investors have recently modified their holdings of the business. Vise Technologies Inc. grew its stake in shares of TFS Financial by 6.0% in the third quarter. Vise Technologies Inc. now owns 10,750 shares of the bank's stock valued at $174,000 after buying an additional 607 shares in the last quarter. State Board of Administration of Florida Retirement System increased its holdings in TFS Financial by 0.4% during the third quarter. State Board of Administration of Florida Retirement System now owns 158,784 shares of the bank's stock worth $2,572,000 after buying an additional 642 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in TFS Financial by 45.1% during the first quarter. EverSource Wealth Advisors LLC now owns 2,706 shares of the bank's stock worth $38,000 after acquiring an additional 841 shares in the last quarter. Avise Financial Cooperative Inc. raised its position in TFS Financial by 3.3% during the third quarter. Avise Financial Cooperative Inc. now owns 32,127 shares of the bank's stock worth $520,000 after acquiring an additional 1,019 shares in the last quarter. Finally, Inspire Investing LLC raised its position in TFS Financial by 2.7% during 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. 9.81% of the stock is owned by institutional investors and hedge funds.

About TFS Financial

TFS Financial Inc. is the holding company for Third Federal Savings and Loan Association of Cleveland, a savings and mortgage lender founded in 1938. The company focuses on serving individual and family banking needs. Third Federal offers residential mortgage loans, home equity loans and lines of credit, along with deposit products such as savings accounts, checking accounts and certificates of deposit. Its lending business centers on home financing. The company serves customers through a branch network concentrated in Ohio and Florida, as well as through its other banking and lending channels.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.