TFS Financial (TFSL) Stock Rating Lowered by BidaskClub

TFS Financial (NASDAQ:TFSL) was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a report issued on Saturday.

Several other equities research analysts have also recently commented on TFSL. ValuEngine cut TFS Financial from a “hold” rating to a “sell” rating in a report on Sunday, December 31st. TheStreet raised TFS Financial from a “c+” rating to a “b-” rating in a report on Monday, October 30th.

TFS Financial (TFSL) traded up $0.07 on Friday, hitting $14.74. The stock had a trading volume of 171,747 shares, compared to its average volume of 209,463. The company has a market capitalization of $4,123.31, a PE ratio of 47.55 and a beta of 0.52. The company has a debt-to-equity ratio of 2.17, a quick ratio of 1.55 and a current ratio of 1.55. TFS Financial has a 52 week low of $14.58 and a 52 week high of $19.30.

TFS Financial (NASDAQ:TFSL) last released its quarterly earnings results on Monday, October 30th. The bank reported $0.08 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.08. TFS Financial had a return on equity of 5.30% and a net margin of 20.73%. The company had revenue of $70.11 million for the quarter, compared to analysts’ expectations of $70.71 million. During the same quarter in the previous year, the company posted $0.08 earnings per share. The business’s revenue for the quarter was up 3.7% compared to the same quarter last year. equities analysts forecast that TFS Financial will post 0.32 earnings per share for the current fiscal year.

In related news, Director Anthony J. Asher sold 4,165 shares of the business’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $15.33, for a total transaction of $63,849.45. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.39% of the stock is owned by insiders.

Large investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in TFS Financial by 0.7% during the second quarter. Vanguard Group Inc. now owns 5,390,460 shares of the bank’s stock worth $83,390,000 after purchasing an additional 37,420 shares in the last quarter. Nomura Holdings Inc. bought a new stake in TFS Financial during the second quarter worth approximately $309,000. Dimensional Fund Advisors LP grew its position in TFS Financial by 1.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,029,812 shares of the bank’s stock worth $15,931,000 after buying an additional 13,200 shares during the last quarter. Sei Investments Co. grew its position in TFS Financial by 12.9% in the third quarter. Sei Investments Co. now owns 140,033 shares of the bank’s stock worth $2,259,000 after buying an additional 15,968 shares during the last quarter. Finally, Renaissance Technologies LLC grew its position in TFS Financial by 4.1% in the second quarter. Renaissance Technologies LLC now owns 6,291,222 shares of the bank’s stock worth $97,325,000 after buying an additional 247,100 shares during the last quarter. 10.97% of the stock is currently owned by hedge funds and other institutional investors.

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TFS Financial Company Profile

TFS Financial Corporation is the holding company of Third Federal Savings and Loan Association of Cleveland (Association). The Association is a savings and loan association. The Association’s principal business consists of originating and servicing residential real estate mortgage loans and attracting retail savings deposits.

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