Shares of TFS Financial Co. (NASDAQ:TFSL) have earned a consensus broker rating score of 2.00 (Buy) from the two brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a hold rating and one has assigned a strong buy rating to the company.
Brokers have set a twelve-month consensus price target of $17.50 for the company and are expecting that the company will post $0.08 earnings per share for the current quarter, according to Zacks. Zacks has also assigned TFS Financial an industry rank of 156 out of 256 based on the ratings given to related companies.
Several research firms recently weighed in on TFSL. TheStreet upgraded shares of TFS Financial from a “c+” rating to a “b-” rating in a research note on Monday, June 3rd. BidaskClub upgraded shares of TFS Financial from a “sell” rating to a “hold” rating in a research note on Thursday. Finally, Zacks Investment Research lowered shares of TFS Financial from a “hold” rating to a “sell” rating in a research note on Tuesday.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in TFSL. Nisa Investment Advisors LLC acquired a new stake in shares of TFS Financial in the first quarter valued at approximately $26,000. Parallel Advisors LLC increased its stake in shares of TFS Financial by 503.6% in the first quarter. Parallel Advisors LLC now owns 1,684 shares of the bank’s stock valued at $28,000 after purchasing an additional 1,405 shares during the period. Meeder Asset Management Inc. acquired a new stake in shares of TFS Financial in the second quarter valued at approximately $33,000. JPMorgan Chase & Co. increased its stake in shares of 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 purchasing an additional 879 shares during the period. Finally, BNP Paribas Arbitrage SA increased its stake in shares of TFS Financial by 49.8% in the first quarter. BNP Paribas Arbitrage SA now owns 5,392 shares of the bank’s stock valued at $89,000 after purchasing an additional 1,793 shares during the period. Hedge funds and other institutional investors own 11.69% of the company’s stock.
Shares of TFS Financial stock traded down $0.11 during trading on Thursday, reaching $17.60. The company had a trading volume of 153,776 shares, compared to its average volume of 179,564. The firm has a market capitalization of $4.05 billion, a P/E ratio of 55.00 and a beta of 0.20. The firm’s fifty day simple moving average is $18.00. The company has a debt-to-equity ratio of 2.07, a quick ratio of 1.50 and a current ratio of 1.50. TFS Financial has a fifty-two week low of $14.19 and a fifty-two week high of $18.61.
TFS Financial (NASDAQ:TFSL) last issued its earnings results on Tuesday, July 30th. The bank reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.02). The company had revenue of $70.60 million during the quarter, compared to analyst estimates of $72.80 million. TFS Financial had a net margin of 16.26% and a return on equity of 4.60%. On average, equities analysts forecast that TFS Financial will post 0.28 EPS for the current fiscal year.
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.
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