TFS Financial (NASDAQ:TFSL) Rating Lowered to Hold at BidaskClub

TFS Financial (NASDAQ:TFSL) was downgraded by stock analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday, BidAskClub reports.

TFSL has been the topic of several other reports. ValuEngine lowered shares of TFS Financial from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. Zacks Investment Research lowered shares of TFS Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, August 13th.

Shares of TFS Financial stock traded down $0.03 on Friday, reaching $19.70. 121,300 shares of the stock were exchanged, compared to its average volume of 160,117. The firm’s 50 day moving average is $18.76 and its 200-day moving average is $17.96. The company has a debt-to-equity ratio of 2.24, a quick ratio of 1.52 and a current ratio of 1.52. TFS Financial has a one year low of $15.01 and a one year high of $19.98. The firm has a market cap of $4.48 billion, a PE ratio of 70.36 and a beta of 0.18.

TFS Financial (NASDAQ:TFSL) last posted its quarterly earnings data on Wednesday, October 30th. The bank reported $0.08 EPS for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.02. TFS Financial had a net margin of 15.97% and a return on equity of 4.64%. The company had revenue of $70.13 million for the quarter.

In related news, Chairman Marc A. Stefanski sold 13,222 shares of the stock in a transaction on Monday, August 19th. The shares were sold at an average price of $18.00, for a total transaction of $237,996.00. Following the transaction, the chairman now directly owns 229,400 shares of the company’s stock, valued at $4,129,200. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.78% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Strategic Wealth Partners Ltd. boosted its stake in TFS Financial by 2,727.3% during the third quarter. Strategic Wealth Partners Ltd. now owns 1,555 shares of the bank’s stock worth $27,000 after acquiring an additional 1,500 shares in the last quarter. Meeder Asset Management Inc. bought a new position in TFS Financial during the second quarter worth $33,000. McIlrath & Eck LLC bought a new position in TFS Financial during the third quarter worth $58,000. JPMorgan Chase & Co. lifted 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 buying an additional 879 shares in the last quarter. Finally, Atria Investments LLC bought a new position in shares of TFS Financial in the second quarter valued at $209,000. 14.31% of the stock is currently owned by institutional investors and hedge funds.

About TFS Financial

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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