BidaskClub downgraded shares of TFS Financial (NASDAQ:TFSL) from a strong-buy rating to a buy rating in a report published on Thursday.
A number of other research firms have also commented on TFSL. Zacks Investment Research lowered TFS Financial from a hold rating to a sell rating in a research note on Tuesday, February 5th. ValuEngine raised TFS Financial from a hold rating to a buy rating in a research note on Friday, November 16th.
Shares of TFSL stock traded down $0.01 during mid-day trading on Thursday, reaching $16.64. 308 shares of the stock traded hands, compared to its average volume of 182,467. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 2.14. The firm has a market capitalization of $4.66 billion, a price-to-earnings ratio of 52.03 and a beta of 0.23. TFS Financial has a 1-year low of $14.19 and a 1-year high of $17.44.
TFS Financial (NASDAQ:TFSL) last posted its quarterly earnings data on Wednesday, January 30th. The bank reported $0.07 EPS for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.01). The company had revenue of $72.49 million during the quarter, compared to analyst estimates of $74.70 million. TFS Financial had a return on equity of 4.94% and a net margin of 18.11%. On average, sell-side analysts predict that TFS Financial will post 0.32 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 19th. Shareholders of record on Tuesday, March 5th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 6.01%. The ex-dividend date is Monday, March 4th. TFS Financial’s dividend payout ratio (DPR) is presently 312.50%.
A number of institutional investors and hedge funds have recently modified their holdings of TFSL. Victory Capital Management Inc. acquired a new position in TFS Financial in the fourth quarter valued at approximately $6,202,000. Maltese Capital Management LLC acquired a new position in TFS Financial in the third quarter valued at approximately $5,092,000. Vanguard Group Inc lifted its stake in TFS Financial by 2.5% in the third quarter. Vanguard Group Inc now owns 5,436,266 shares of the bank’s stock valued at $81,599,000 after buying an additional 130,372 shares during the period. Vanguard Group Inc. lifted its stake in TFS Financial by 2.5% in the third quarter. Vanguard Group Inc. now owns 5,436,266 shares of the bank’s stock valued at $81,599,000 after buying an additional 130,372 shares during the period. Finally, BlackRock Inc. lifted its stake in TFS Financial by 3.4% in the fourth quarter. BlackRock Inc. now owns 2,615,094 shares of the bank’s stock valued at $42,181,000 after buying an additional 86,470 shares during the period. 11.58% of the stock is currently owned by hedge funds and other institutional investors.
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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