TFS Financial (NASDAQ:TFSL) Upgraded at BidaskClub

BidaskClub upgraded shares of TFS Financial (NASDAQ:TFSL) from a sell rating to a hold rating in a research note issued to investors on Thursday, BidAskClub reports.

Several other equities research analysts have also recently commented on the company. TheStreet raised TFS Financial from a c+ rating to a b- rating in a report on Monday, June 3rd. Zacks Investment Research cut TFS Financial from a hold rating to a sell rating in a report on Tuesday, August 13th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of $18.00.

Shares of NASDAQ:TFSL opened at $17.87 on Thursday. TFS Financial has a 12 month low of $14.19 and a 12 month high of $18.61. The stock has a market cap of $4.00 billion, a price-to-earnings ratio of 55.84 and a beta of 0.20. The stock’s 50 day moving average price is $18.01 and its 200 day moving average price is $17.20. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.52 and a quick ratio of 1.50.

TFS Financial (NASDAQ:TFSL) last announced its earnings results on Tuesday, July 30th. The bank reported $0.06 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.02). TFS Financial had a return on equity of 4.62% and a net margin of 16.26%. The firm had revenue of $70.60 million for the quarter, compared to the consensus estimate of $72.80 million. On average, sell-side analysts expect that TFS Financial will post 0.28 EPS for the current year.

Institutional investors have recently bought and sold shares of the business. Northern Trust Corp lifted its stake in shares of TFS Financial by 7.1% during the 4th quarter. Northern Trust Corp now owns 372,398 shares of the bank’s stock worth $6,007,000 after purchasing an additional 24,599 shares during the last quarter. Stifel Financial Corp purchased a new stake in shares of TFS Financial during the 4th quarter worth $164,000. Legal & General Group Plc lifted its stake in shares of TFS Financial by 6.3% during the 4th quarter. Legal & General Group Plc now owns 26,571 shares of the bank’s stock worth $429,000 after purchasing an additional 1,571 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of TFS Financial by 1.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,144,456 shares of the bank’s stock worth $18,460,000 after purchasing an additional 19,406 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of TFS Financial during the 4th quarter worth $263,000. Hedge funds and other institutional investors own 11.69% 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.

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