TFS Financial (NASDAQ:TFSL) Downgraded by BidaskClub to “Hold”

BidaskClub lowered shares of TFS Financial (NASDAQ:TFSL) from a buy rating to a hold rating in a research report report published on Saturday morning, BidAskClub reports.

TFSL has been the subject of several other research reports. ValuEngine raised shares of TFS Financial from a sell rating to a hold rating in a research report on Saturday. Zacks Investment Research lowered shares of TFS Financial from a hold rating to a sell rating in a report on Tuesday, August 13th.

Shares of TFS Financial stock opened at $19.55 on Friday. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 2.30. The stock’s fifty day moving average price is $19.61 and its 200-day moving average price is $18.31. The firm has a market cap of $5.47 billion, a P/E ratio of 69.79 and a beta of 0.19. TFS Financial has a 12 month low of $15.01 and a 12 month high of $20.45.

TFS Financial (NASDAQ:TFSL) last released its quarterly earnings data on Wednesday, October 30th. The bank reported $0.08 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.02. TFS Financial had a net margin of 15.97% and a return on equity of 4.66%. The company had revenue of $70.13 million during the quarter.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 3rd will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 5.52%. The ex-dividend date is Monday, December 2nd.

In related news, Director William C. Mulligan sold 10,000 shares of the company’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $20.30, for a total transaction of $203,000.00. Following the completion of the sale, the director now directly owns 64,400 shares in the company, valued at approximately $1,307,320. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.78% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Millennium Management LLC acquired a new position in shares of TFS Financial during the third quarter worth $746,000. Voloridge Investment Management LLC grew its stake in TFS Financial by 144.4% during the 3rd quarter. Voloridge Investment Management LLC now owns 28,337 shares of the bank’s stock worth $511,000 after buying an additional 16,743 shares during the last quarter. GQ Asset Management LLC grew its stake in TFS Financial by 4.5% during the 3rd quarter. GQ Asset Management LLC now owns 22,295 shares of the bank’s stock worth $402,000 after buying an additional 969 shares during the last quarter. Barclays PLC increased its position in TFS Financial by 2,982.3% during the 3rd quarter. Barclays PLC now owns 12,021 shares of the bank’s stock valued at $216,000 after buying an additional 11,631 shares in the last quarter. Finally, Point72 Asset Management L.P. acquired a new position in TFS Financial during the 3rd quarter valued at about $306,000. Institutional investors own 11.34% 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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