TFS Financial Co. (NASDAQ:TFSL) shares reached a new 52-week high on Friday . The company traded as high as $18.03 and last traded at $17.98, with a volume of 107574 shares changing hands. The stock had previously closed at $17.75.
Several research firms have recently commented on TFSL. BidaskClub raised TFS Financial from a “sell” rating to a “hold” rating in a research note on Tuesday, April 30th. Zacks Investment Research downgraded TFS Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, May 7th. Finally, TheStreet downgraded TFS Financial from a “b-” rating to a “c+” rating in a research note on Tuesday, April 30th. One equities research analyst has rated the stock with a sell rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $18.00.
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 company has a market capitalization of $4.96 billion, a P/E ratio of 56.19 and a beta of 0.18.
TFS Financial (NASDAQ:TFSL) last posted its quarterly earnings data on Tuesday, April 30th. The bank reported $0.07 EPS for the quarter, hitting the consensus estimate of $0.07. TFS Financial had a return on equity of 4.75% and a net margin of 17.07%. The firm had revenue of $72.67 million for the quarter, compared to the consensus estimate of $73.10 million. As a group, equities analysts predict that TFS Financial Co. will post 0.3 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 25th. Stockholders of record on Tuesday, June 11th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 5.56%. The ex-dividend date of this dividend is Monday, June 10th. TFS Financial’s dividend payout ratio (DPR) is currently 312.50%.
Several hedge funds and other institutional investors have recently bought and sold shares of TFSL. Victory Capital Management Inc. bought a new position in shares of TFS Financial in the fourth quarter worth about $6,202,000. Martingale Asset Management L P purchased a new stake in shares of TFS Financial during the first quarter worth about $4,199,000. Renaissance Technologies LLC grew its position in shares of 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 purchasing an additional 129,400 shares in the last quarter. Clover Partners L.P. purchased a new stake in shares of TFS Financial during the first quarter worth about $2,059,000. Finally, Goldman Sachs Group Inc. grew its position in shares of 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 purchasing an additional 90,031 shares in the last quarter. 11.66% of the stock is currently owned by hedge funds and other institutional investors.
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About TFS Financial (NASDAQ:TFSL)
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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