Zacks: Brokerages Set $18.50 Price Target for TFS Financial Co. (TFSL)

TFS Financial Co. (NASDAQ:TFSL) has been assigned a consensus broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation.

Brokers have set a 12 month consensus price objective of $18.50 for the company and are forecasting that the company will post $0.09 EPS for the current quarter, according to Zacks. Zacks has also given TFS Financial an industry rank of 101 out of 265 based on the ratings given to related companies.

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A number of analysts recently weighed in on the stock. BidaskClub upgraded shares of TFS Financial from a “sell” rating to a “hold” rating in a research note on Saturday, February 3rd. ValuEngine lowered shares of TFS Financial from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd.

Shares of TFSL stock traded up $0.05 during trading hours on Friday, reaching $15.12. 30,164 shares of the stock were exchanged, compared to its average volume of 190,852. The company has a debt-to-equity ratio of 2.21, a quick ratio of 1.56 and a current ratio of 1.56. TFS Financial has a 12-month low of $14.32 and a 12-month high of $17.27. The firm has a market capitalization of $4,212.91, a price-to-earnings ratio of 45.46 and a beta of 0.39.

TFS Financial (NASDAQ:TFSL) last released its earnings results on Tuesday, January 30th. The bank reported $0.09 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.01. TFS Financial had a net margin of 20.32% and a return on equity of 5.54%. The firm had revenue of $69.99 million for the quarter, compared to analyst estimates of $70.60 million. During the same period in the prior year, the firm earned $0.07 earnings per share. The business’s quarterly revenue was up 2.6% compared to the same quarter last year. equities analysts forecast that TFS Financial will post 0.37 EPS for the current fiscal year.

In related news, COO Meredith S. Weil purchased 5,330 shares of the company’s stock in a transaction on Monday, March 5th. The shares were bought at an average cost of $14.99 per share, for a total transaction of $79,896.70. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ben S. Stefanski III sold 26,600 shares of the stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $15.10, for a total transaction of $401,660.00. Following the completion of the transaction, the director now owns 48,700 shares in the company, valued at $735,370. The disclosure for this sale can be found here. Corporate insiders own 1.60% of the company’s stock.

A number of institutional investors have recently made changes to their positions in TFSL. J. Goldman & Co LP purchased a new position in shares of TFS Financial during the fourth quarter worth approximately $796,000. Segall Bryant & Hamill LLC grew its position in shares of TFS Financial by 8.7% during the fourth quarter. Segall Bryant & Hamill LLC now owns 249,107 shares of the bank’s stock worth $3,722,000 after acquiring an additional 19,966 shares during the last quarter. Teachers Advisors LLC grew its position in shares of TFS Financial by 5.1% during the fourth quarter. Teachers Advisors LLC now owns 247,931 shares of the bank’s stock worth $3,704,000 after acquiring an additional 12,013 shares during the last quarter. Two Sigma Investments LP purchased a new position in shares of TFS Financial during the fourth quarter worth approximately $167,000. Finally, Goldman Sachs Group Inc. grew its position in shares of TFS Financial by 80.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 211,628 shares of the bank’s stock worth $3,162,000 after acquiring an additional 94,241 shares during the last quarter. Institutional investors own 11.02% of the company’s stock.

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TFS Financial Company Profile

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