TFS Financial (NASDAQ:TFSL) Earns Hold (C+) Rating from Weiss Ratings

Key Points

• TFS Financial's stock has received a "hold (C+)" rating from Weiss Ratings, indicating a cautious stance on its performance.
• The company reported $82.04 million in revenue for the last quarter, exceeding analysts' expectations of $80.30 million, with an earnings per share (EPS) matching consensus estimates at $0.08.
• Several institutional investors, including Norges Bank and Nuveen LLC, have recently increased their stakes in TFS Financial, reflecting growing interest in the company within the investment community.

TFS Financial (NASDAQ:TFSL - Get Free Report)'s stock had its "hold (c+)" rating reaffirmed by investment analysts at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

TFS Financial Trading Down 0.9%

Shares of NASDAQ:TFSL opened at $13.45 on Wednesday. The company has a market cap of $3.78 billion, a P/E ratio of 46.38 and a beta of 0.73. The company has a debt-to-equity ratio of 2.59, a current ratio of 1.54 and a quick ratio of 1.54. TFS Financial has a 1 year low of $11.29 and a 1 year high of $14.99. The stock's fifty day moving average price is $13.34 and its 200-day moving average price is $13.02.

TFS Financial (NASDAQ:TFSL - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The bank reported $0.08 EPS for the quarter, meeting analysts' consensus estimates of $0.08. The company had revenue of $82.04 million during the quarter, compared to analysts' expectations of $80.30 million. TFS Financial had a return on equity of 4.40% and a net margin of 10.67%. Sell-side analysts expect that TFS Financial will post 0.29 earnings per share for the current year.

Insider Activity at TFS Financial

In related news, Director Barbara J. Anderson sold 12,000 shares of the company's stock in a transaction on Friday, August 15th. The stock was sold at an average price of $13.05, for a total transaction of $156,600.00. Following the completion of the sale, the director owned 2,100 shares in the company, valued at approximately $27,405. This represents a 85.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Anthony J. Asher acquired 37,675 shares of TFS Financial stock in a transaction that occurred on Thursday, August 21st. The shares were purchased at an average price of $13.26 per share, with a total value of $499,570.50. Following the transaction, the director owned 37,675 shares of the company's stock, valued at $499,570.50. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders have sold 38,100 shares of company stock valued at $516,267 in the last 90 days. 0.95% of the stock is owned by company insiders.

Institutional Trading of TFS Financial

A number of hedge funds and other institutional investors have recently bought and sold shares of TFSL. Norges Bank purchased a new stake in TFS Financial in the second quarter worth about $5,220,000. Nuveen LLC purchased a new stake in TFS Financial in the first quarter worth about $2,341,000. Cramer Rosenthal Mcglynn LLC increased its position in TFS Financial by 6.4% in the first quarter. Cramer Rosenthal Mcglynn LLC now owns 1,388,669 shares of the bank's stock worth $17,206,000 after buying an additional 84,002 shares in the last quarter. Quantinno Capital Management LP increased its position in TFS Financial by 114.4% in the second quarter. Quantinno Capital Management LP now owns 121,842 shares of the bank's stock worth $1,578,000 after buying an additional 65,017 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC grew its position in shares of TFS Financial by 415.6% during the second quarter. Campbell & CO Investment Adviser LLC now owns 70,920 shares of the bank's stock worth $918,000 after purchasing an additional 57,166 shares in the last quarter. Hedge funds and other institutional investors own 9.81% of the company's stock.

TFS Financial Company Profile

TFS Financial Corporation, through its subsidiaries, provides retail consumer banking services in the United States. Its deposit products include savings, money market, checking, individual retirement, and other qualified plan accounts, as well as certificates of deposit. 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.

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