Zacks Investment Research downgraded shares of TFS Financial (NASDAQ:TFSL) from a hold rating to a sell rating in a research note published on Tuesday, Zacks.com reports.

According to Zacks, “TFS Financial Corporation is a federally chartered stock holding company, conducts its activities through its wholly owned subsidiaries. The line of business of the Company is retail consumer banking, mortgage lending, deposit gathering and other financial services. The Company’s operating subsidiaries include Third Federal Savings and Loan Association of Cleveland and Third Capital, Inc. Third Federal Savings and Loan Association offers various deposit accounts, including savings accounts, NOW accounts, certificates of deposit and individual retirement accounts, and other qualified plan accounts. Third Capital engages in net lease transactions of commercial buildings; maintains investments in private equity funds; provides escrow and settlement services; and reinsures private mortgage insurance on residential mortgage loans. The company is based in Cleveland, Ohio. “

Several other brokerages also 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 downgraded shares of TFS Financial from a hold rating to a sell rating in a research note on Saturday, August 3rd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company. TFS Financial has a consensus rating of Hold and a consensus target price of $18.00.

Shares of TFSL stock opened at $17.87 on Tuesday. The firm has a market cap of $4.07 billion, a price-to-earnings ratio of 55.84 and a beta of 0.20. TFS Financial has a 52-week low of $14.19 and a 52-week high of $18.61. The company has a quick ratio of 1.50, a current ratio of 1.52 and a debt-to-equity ratio of 2.24. The company’s 50 day moving average is $18.01 and its 200 day moving average is $17.20.

TFS Financial (NASDAQ:TFSL) last announced its earnings results on Tuesday, July 30th. The bank reported $0.06 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.02). The firm 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 4.62%. Analysts anticipate that TFS Financial will post 0.28 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in TFSL. Northern Trust Corp increased its holdings in TFS Financial by 7.1% in 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 in the last quarter. Dimensional Fund Advisors LP increased its holdings in TFS Financial by 1.7% in 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 in the last quarter. Stifel Financial Corp acquired a new position in TFS Financial in the 4th quarter worth about $164,000. Legal & General Group Plc increased its holdings in TFS Financial by 6.3% in 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 in the last quarter. Finally, Norges Bank acquired a new position in TFS Financial in the 4th quarter worth about $263,000. 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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