TFS Financial (NASDAQ:TFSL) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of TFS Financial (NASDAQ:TFSL) from a sell rating to a hold rating in a research note released on Saturday.

Separately, Weiss Ratings reissued a “hold (c+)” rating on shares of TFS Financial in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $15.00.

TFS Financial Trading Up 2.8%

NASDAQ TFSL opened at $13.67 on Friday. The firm has a market capitalization of $3.84 billion, a P/E ratio of 47.14 and a beta of 0.73. The business has a fifty day simple moving average of $13.43 and a 200 day simple moving average of $13.20. TFS Financial has a 12 month low of $11.29 and a 12 month high of $14.99. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 2.59.

TFS Financial (NASDAQ:TFSL) last released its quarterly earnings results on Thursday, October 30th. The bank reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01. The business had revenue of $85.48 million during the quarter, compared to analyst estimates of $84.36 million. TFS Financial had a return on equity of 4.40% and a net margin of 10.67%. On average, analysts predict that TFS Financial will post 0.29 EPS for the current fiscal year.

TFS Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 10th were paid a dividend of $0.2825 per share. The ex-dividend date was Wednesday, September 10th. This represents a $1.13 annualized dividend and a dividend yield of 8.3%. TFS Financial’s dividend payout ratio is presently 353.13%.

Insider Activity at TFS Financial

In other news, CFO Meredith S. Weil sold 15,000 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $13.70, for a total transaction of $205,500.00. Following the completion of the transaction, the chief financial officer owned 63,527 shares in the company, valued at approximately $870,319.90. This represents a 19.10% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Daniel F. Weir sold 3,900 shares of the stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $13.37, for a total value of $52,143.00. Following the transaction, the director owned 14,941 shares of the company’s stock, valued at $199,761.17. The trade was a 20.70% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 38,100 shares of company stock worth $516,267 in the last three months. Corporate insiders own 0.95% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in TFSL. Norges Bank bought a new position in TFS Financial in the 2nd quarter worth about $5,220,000. Nuveen LLC bought a new position in TFS Financial in the 1st quarter worth about $2,341,000. Cramer Rosenthal Mcglynn LLC boosted its stake in TFS Financial by 6.4% in the 1st quarter. Cramer Rosenthal Mcglynn LLC now owns 1,388,669 shares of the bank’s stock worth $17,206,000 after purchasing an additional 84,002 shares during the period. Quantinno Capital Management LP boosted its stake in TFS Financial by 114.4% in the 2nd quarter. Quantinno Capital Management LP now owns 121,842 shares of the bank’s stock worth $1,578,000 after purchasing an additional 65,017 shares during the period. Finally, Campbell & CO Investment Adviser LLC boosted its stake in TFS Financial by 415.6% in the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 70,920 shares of the bank’s stock worth $918,000 after purchasing an additional 57,166 shares during the period. Institutional investors own 9.81% of the company’s stock.

TFS Financial Company Profile

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.