TFS Financial (TFSL) Downgraded by ValuEngine

ValuEngine cut shares of TFS Financial (NASDAQ:TFSL) from a hold rating to a sell rating in a research note issued to investors on Friday.

A number of other equities research analysts have also recently issued reports on the stock. BidaskClub raised shares of TFS Financial from a strong sell rating to a sell rating in a research report on Saturday, January 13th. TheStreet raised shares of TFS Financial from a c+ rating to a b- rating in a research report on Monday, October 30th.

Shares of TFS Financial (NASDAQ TFSL) opened at $14.61 on Friday. The stock has a market cap of $4,251.57, a PE ratio of 47.13 and a beta of 0.43. TFS Financial has a 52-week low of $14.51 and a 52-week high of $17.82. The company has a debt-to-equity ratio of 2.17, a current ratio of 1.55 and a quick ratio of 1.55.

TFS Financial (NASDAQ:TFSL) last announced its earnings results on Tuesday, January 30th. The bank reported $0.09 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.01. The company had revenue of $69.99 million during the quarter, compared to analysts’ expectations of $70.60 million. TFS Financial had a net margin of 20.32% and a return on equity of 5.56%. TFS Financial’s quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.07 earnings per share. sell-side analysts forecast that TFS Financial will post 0.32 EPS for the current year.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in TFS Financial by 0.7% during the second quarter. Vanguard Group Inc. now owns 5,390,460 shares of the bank’s stock worth $83,390,000 after purchasing an additional 37,420 shares during the period. Nomura Holdings Inc. bought a new stake in TFS Financial during the second quarter worth about $309,000. Dimensional Fund Advisors LP lifted its position in TFS Financial by 1.3% during the second quarter. Dimensional Fund Advisors LP now owns 1,029,812 shares of the bank’s stock worth $15,931,000 after purchasing an additional 13,200 shares during the period. Sei Investments Co. lifted its position in TFS Financial by 12.9% during the third quarter. Sei Investments Co. now owns 140,033 shares of the bank’s stock worth $2,259,000 after purchasing an additional 15,968 shares during the period. Finally, Schwab Charles Investment Management Inc. lifted its position in TFS Financial by 4.4% during the second quarter. Schwab Charles Investment Management Inc. now owns 213,694 shares of the bank’s stock worth $3,306,000 after purchasing an additional 9,060 shares during the period. 10.98% of the stock is owned by institutional investors and hedge funds.

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About TFS Financial

TFS Financial Corporation is the holding company of Third Federal Savings and Loan Association of Cleveland (Association). The Association is a savings and loan association. The Association’s principal business consists of originating and servicing residential real estate mortgage loans and attracting retail savings deposits.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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