BidaskClub Downgrades TFS Financial (NASDAQ:TFSL) to Hold

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TFS Financial (NASDAQ:TFSL) was downgraded by investment analysts at BidaskClub from a “buy” rating to a “hold” rating in a note issued to investors on Saturday, BidAskClub reports.

TFSL has been the subject of a number of other reports. Zacks Investment Research cut TFS Financial from a “hold” rating to a “sell” rating in a report on Tuesday, August 13th. ValuEngine raised shares of TFS Financial from a “sell” rating to a “hold” rating in a report on Saturday.

TFSL stock opened at $19.54 on Friday. The business has a fifty day moving average price of $19.54 and a 200 day moving average price of $18.26. TFS Financial has a fifty-two week low of $15.01 and a fifty-two week high of $20.45. The stock has a market capitalization of $5.48 billion, a price-to-earnings ratio of 69.93 and a beta of 0.19. The company has a debt-to-equity ratio of 2.30, a current ratio of 1.53 and a quick ratio of 1.53.

TFS Financial (NASDAQ:TFSL) last posted its quarterly earnings data on Wednesday, October 30th. The bank reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.02. The company had revenue of $70.13 million for the quarter. TFS Financial had a return on equity of 4.66% and a net margin of 15.97%.

In related news, Director William C. Mulligan sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $20.30, for a total value of $203,000.00. Following the completion of the sale, the director now owns 64,400 shares of the company’s stock, valued at $1,307,320. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.78% of the stock is owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of TFSL. Strategic Wealth Partners Ltd. boosted its position in TFS Financial by 2,727.3% in the 3rd quarter. Strategic Wealth Partners Ltd. now owns 1,555 shares of the bank’s stock valued at $27,000 after buying an additional 1,500 shares during the last quarter. Meeder Asset Management Inc. acquired a new position in shares of TFS Financial during the second quarter valued at $33,000. McIlrath & Eck LLC acquired a new position in shares of TFS Financial during the third quarter valued at $58,000. JPMorgan Chase & Co. boosted its holdings in TFS Financial by 26.9% in the second quarter. JPMorgan Chase & Co. now owns 4,149 shares of the bank’s stock valued at $74,000 after acquiring an additional 879 shares during the last quarter. Finally, Atria Investments LLC bought a new position in TFS Financial in the second quarter valued at about $209,000. Hedge funds and other institutional investors own 13.98% of the company’s stock.

TFS Financial Company Profile

TFS Financial Corporation, through its subsidiaries, provides retail consumer banking services in the United States. The company's deposit products include savings, money market, checking, certificate of deposit, individual retirement, and other qualified plan accounts. It 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.

See Also: Earnings Per Share

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