TFS Financial (NASDAQ:TFSL) Rating Lowered to Sell at StockNews.com

TFS Financial (NASDAQ:TFSL) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Tuesday.

TFSL has been the subject of several other reports. Piper Sandler initiated coverage on TFS Financial in a research note on Friday, February 23rd. They issued a “neutral” rating and a $14.00 price objective for the company. Keefe, Bruyette & Woods restated a “market perform” rating and set a $14.00 price objective (down from $15.00) on shares of TFS Financial in a research note on Thursday, May 2nd.

TFS Financial Stock Performance

NASDAQ TFSL opened at $13.14 on Tuesday. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 2.60. The company has a fifty day simple moving average of $12.53 and a 200 day simple moving average of $13.22. TFS Financial has a 12-month low of $10.97 and a 12-month high of $15.25. The company has a market cap of $3.69 billion, a P/E ratio of 48.67 and a beta of 0.65.

TFS Financial (NASDAQ:TFSL) last issued its quarterly earnings data on Tuesday, April 30th. The bank reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.01. TFS Financial had a net margin of 11.08% and a return on equity of 4.14%. The firm had revenue of $77.10 million during the quarter, compared to analysts’ expectations of $71.24 million.

Insiders Place Their Bets

In other news, insider Gavin B. Stefanski sold 3,449 shares of the company’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $12.74, for a total transaction of $43,940.26. Following the transaction, the insider now owns 43,271 shares of the company’s stock, valued at approximately $551,272.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Gavin B. Stefanski sold 3,449 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $12.74, for a total transaction of $43,940.26. Following the sale, the insider now directly owns 43,271 shares in the company, valued at approximately $551,272.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Bradley T. Stefanski sold 6,269 shares of TFS Financial stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $12.76, for a total transaction of $79,992.44. Following the completion of the transaction, the insider now owns 51,709 shares of the company’s stock, valued at $659,806.84. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 26,868 shares of company stock valued at $349,584. Company insiders own 1.13% of the company’s stock.

Institutional Trading of TFS Financial

A number of hedge funds and other institutional investors have recently made changes to their positions in TFSL. Allspring Global Investments Holdings LLC lifted its stake in TFS Financial by 585.3% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,008 shares of the bank’s stock worth $25,000 after purchasing an additional 1,715 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of TFS Financial by 106.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,875 shares of the bank’s stock worth $28,000 after acquiring an additional 965 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of TFS Financial by 65.0% in the 1st quarter. BNP Paribas Financial Markets now owns 2,328 shares of the bank’s stock worth $29,000 after acquiring an additional 917 shares during the last quarter. Quent Capital LLC boosted its position in TFS Financial by 228.8% during the fourth quarter. Quent Capital LLC now owns 2,055 shares of the bank’s stock valued at $30,000 after buying an additional 1,430 shares during the period. Finally, Fidelis Capital Partners LLC purchased a new stake in TFS Financial during the 1st quarter valued at about $44,000. 9.81% of the stock is currently owned by institutional investors.

About TFS Financial

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.