TFS Financial Co. (NASDAQ:TFSL) has been assigned a consensus broker rating score of 2.00 (Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company.
Brokerages have set a one year consensus price target of $17.50 for the company and are anticipating that the company will post $0.08 earnings per share for the current quarter, according to Zacks. Zacks has also assigned TFS Financial an industry rank of 85 out of 256 based on the ratings given to related companies.
TFSL has been the topic of a number of recent research reports. Zacks Investment Research lowered TFS Financial from a “hold” rating to a “sell” rating in a report on Tuesday, February 5th. BidaskClub lowered TFS Financial from a “strong-buy” rating to a “buy” rating in a report on Thursday, March 14th. Finally, TheStreet lowered TFS Financial from a “b-” rating to a “c+” rating in a report on Tuesday, April 30th.
Shares of TFSL stock traded down $0.12 during trading hours on Thursday, reaching $17.05. The company had a trading volume of 170,400 shares, compared to its average volume of 175,896. TFS Financial has a 12 month low of $14.19 and a 12 month high of $17.44. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 2.07. The firm has a market capitalization of $4.80 billion, a PE ratio of 53.28 and a beta of 0.23.
TFS Financial (NASDAQ:TFSL) last posted its earnings results on Tuesday, April 30th. The bank reported $0.07 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.07. TFS Financial had a return on equity of 4.75% and a net margin of 17.07%. The company had revenue of $72.67 million for the quarter, compared to analyst estimates of $73.10 million. On average, equities research analysts anticipate that TFS Financial will post 0.3 earnings per share for the current fiscal year.
A number of institutional investors have recently modified their holdings of the stock. Renaissance Technologies LLC lifted its holdings in TFS Financial by 2.0% during the first quarter. Renaissance Technologies LLC now owns 6,595,300 shares of the bank’s stock worth $108,625,000 after acquiring an additional 129,400 shares during the period. Vanguard Group Inc. lifted its holdings in TFS Financial by 2.5% during the third quarter. Vanguard Group Inc. now owns 5,436,266 shares of the bank’s stock worth $81,599,000 after acquiring an additional 130,372 shares during the period. BlackRock Inc. lifted its holdings in TFS Financial by 3.4% during the fourth quarter. BlackRock Inc. now owns 2,615,094 shares of the bank’s stock worth $42,181,000 after acquiring an additional 86,470 shares during the period. Goldman Sachs Group Inc. lifted its holdings in TFS Financial by 7.0% during the first quarter. Goldman Sachs Group Inc. now owns 1,381,238 shares of the bank’s stock worth $22,749,000 after acquiring an additional 90,031 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in TFS Financial by 1.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,144,456 shares of the bank’s stock worth $18,460,000 after acquiring an additional 19,406 shares during the period. Institutional investors and hedge funds own 11.66% of the company’s stock.
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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